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Author: Jorge Jraissati (Jorge Jraissati)

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A Tale of Two Countries: How Norway Embraces Markets While Venezuela Does Not

When people quickly compare the Norwegian and Venezuelan economies, they tend to see the one trait they have in common: a big public sector. However, when we study these countries in depth, it becomes evident that the two follow opposite economic principles. While Norway’s economy is among the freest in the world, Venezuela has become a prime example of what a socialist economy looks like.

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Humanizing the Venezuelan Collapse: Beyond Economic Indicators and Policy Briefs

As a Venezuelan and an economist, I believe we economists sometimes need to go beyond economic indicators. We need to speak from our hearts about our experiences. Only by doing this can we truly communicate the social implications of an economic collapse of this magnitude. No economic indicator could ever do justice to the depth of the human suffering taking place in Venezuela today. Venezuelans are suffering in ways most people in developed nations could not even imagine.

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