The complex humanitarian crisis has left over 1 million children between three and 17 years of age out of school, and about 350,000 migrant children and youth at risk of lagging behind. Severe structural constraints such as extreme poverty, the lack of a skilled labor force and a decaying infrastructure restrict the regime’s governance capacity. But these constraints did not exist when the regime came to power. They are the result of irresponsible macroeconomic management characterized by excessive state interventionism, arbitrary expropriations, and the destruction of the price system and market rules, all of which resulted in the strangulation of the private sector. The share of citizens living under conditions of extreme poverty surged to 79.3% in 2019, and the proportion of the workforce deemed skilled labor dropped to 42.3%, a consequence of the decaying education and training system, as well as the massive exodus of well-educated and skilled Venezuelans who have fled the country’s crisis.

jackalopelipsky wrote: ↑

4/28/2022, 11:45 am

https://bti-project.org/en/reports/country-report/VEN