A collaborative blog of WSJ analysis related to International Marketing!
It will be interesting to see what occurs in Venezuela tomorrow (Sept.14) with the planned protests. Should they be more explosive than the Sept.1 protests, Maduro’s United Socialist Party of Venezuela may abandon him for a referendum vote, which is essentially a vote to determine whether or not Venezuela should hold early elections. Voters are rejecting Maduro’s policies and the failed state under a socialist regime. The opposition has made it clear they are against socialist policies. But whether or not Maduro is ousted, will the country move towards democracy or a closed, Cuban-style government even though Cuba itself is beginning to open its doors? Ally M.
It is a very unfortunate the cause of events happening in Venezuela right now. If China decides to completely leave and abandon its oil efforts in Venezuela then it will be hard to convince any other country to try and invest in Venezuela regardless of who is president I think. The country first needs a regime that will help stabilize the country as a whole before anyone thinks about investing there. Only China knows exactly how much loss they have taken and will take because of the protest and especially if they decide to pull out completely. It will be interesting to see what happens the next few weeks or months.