October 21, 2014
Venezuela: No changes in fiscal policy

Photo:

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

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

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

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Adam Smith on the final gubernatorial debate
Adam Smith on the final gubernatorial debate

Adam Smith, Political Editor for the Tampa Bay Times, tells you what to watch for in the final debate between Rick Scott and Charlie Crist, which takes place Tuesday night. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Florida's final gubernatorial debate is tonight on CNN. Will you watch it?

  • Yes
  • No

See Results

Ballot Box
Subscribe