China and Vietnam have large private sectors with plenty of companies that attract foreign investment.
Venezuela does not. It had less than $1b in foreign direct investment in 2023. By comparison, Costa Rica had over $4b despite a smaller GDP and far smaller population than Venezuela.
Venezuela does not. It had less than $1b in foreign direct investment in 2023.
In 1991 Venezuela allowed many utilities to be privatized. This included their telephone and TV company, electrical grid, and many petroleum operations. In 2007, after billions of foreign direct investment was done, Venezuela appropriated and nationalized these industries again.
That’s a sure fire way to repel future foreign direct investment. The additional sanctions placed on Venezuela haven’t helped either.
China and Vietnam have large private sectors with plenty of companies that attract foreign investment.
Venezuela does not. It had less than $1b in foreign direct investment in 2023. By comparison, Costa Rica had over $4b despite a smaller GDP and far smaller population than Venezuela.
In 1991 Venezuela allowed many utilities to be privatized. This included their telephone and TV company, electrical grid, and many petroleum operations. In 2007, after billions of foreign direct investment was done, Venezuela appropriated and nationalized these industries again.
That’s a sure fire way to repel future foreign direct investment. The additional sanctions placed on Venezuela haven’t helped either.