October 21, 2016
Venezuela: No changes in fiscal policy


Caracas, Venezuela's capital

International Business Profile

Venezuela: No changes in fiscal policy

| 7/3/2013

» Those who hoped for an end to the late President Hugo Chavez’s socialist rule had their hopes dashed in April when his handpicked successor, Nicolás Maduro, won the presidential election. For companies doing business in that nation, little has changed, says Joseph Ganitsky, director of the University of Miami Center for International Business Education and Research and a faculty member at the UM School of Business. For years, strict currency controls have made it nearly impossible for multinational companies to repatriate profits earned in Venezuela, except on the black market. Ganitsky says it will be even more difficult now. The election results “will bring more uncertainty, and it will not fix the conditions in Venezuela,” he adds.

Tags: Government/Politics & Law, International Trade, International

Digital Access

Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

An overview of the features and articles in this month's issue of Florida Trend.


Florida Business News

Florida Trend Video Pick

New Americans Register to Vote Under the Wire in Florida
New Americans Register to Vote Under the Wire in Florida

New American citizens took their Oath of Allegiance in Miami on Tuesday, which was also the last day to register to vote in Florida. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Did the final presidential debate sway your opinion any?

  • No
  • Yes

See Results

Ballot Box