Hugo Chavez has often pointed to Simon Bolivar as a model for his political philosophy, vision center Bolivar united and independent Latin America. In 1998, Chávez ran for president on a platform that opposed what he called the "savage neoliberalism" of the 1990s. Speeches of Chavez in the presidential election campaign emphasized the importance of "national sovereignty" and "economic justice." As President Chavez passed a new law to increase the share of hydrocarbons in oil revenues, which will be before the government, he created a new state bank, he introduced a radical land reform law, and he called on acquisitions by the government and by private companies. Venezuela selling oil to Cuba at a reduced price in exchange for professionals, especially doctors, who made health missions in many low-income areas. Chavez sought to inflame anti-American socialist revolution throughout Latin America. therefore socialist agenda, analysts expect that the Venezuelan economy will face serious challenges in the coming years. combination of high inflation, financial pressure, and slow growth will be boiling political cauldron in which violent resistance may roam. "Hide
by David W. Conklin, Daniel Cadieux Source: Richard Ivey School of Business Foundation 12 pages. date : April 28, 2006. Prod. #: 906M59-PDF-ENG
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