NAVIGATION

March 26, 2019
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 digital 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

Sea floor surprise
Sea floor surprise

Divers came across a giant sting ray, an estimated 11 feet from tip to tail, while swimming Sunday near a shipwreck about eight miles off Tarpon Springs.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

What are your thoughts on the recent passing of the school safety bill allowing armed classroom teachers?

  • I fully support the bill
  • I support the bill as long as there is extensive training
  • I prefer a trained professional
  • I am fully against the bill

See Results

Ballot Box
Subscribe