Why Is Venezuela So Poor Despite All That Oil?

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Why Is Venezuela So Poor Despite All That Oil?
Venezuela holds the largest oil reserves in the world, even more than Saudi Arabia and Iraq. So why is the country facing extreme poverty today? Venezuela’s collapse is the result of over-reliance on oil, corruption, economic mismanagement, and nationalization policies. These factors triggered hyperinflation, food and medicine shortages, and a major economic crisis. This video explains how one of the richest oil nations became one of the poorest in the world.

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Tags: #xplore #venezuela #geopolitics #map #mapanimation

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