The Venezuelan economy is tightly controlled and doing business in the country is tough without key government contacts and vast spending power. Venezuela faces shortages of basic items due to issues like corruption and a devalued currency, and exports are almost completely dominated by exports of crude petroleum.
Hiring in Venezuela is increasingly difficult, with workers facing record low wages and unregulated, informal employment practices. Many Venezuelans live in poverty or have lost savings, and the general populace is reliant on remittances from abroad. An expert in the Venezuelan labour market is a necessity to navigate the corruption and employment issues that continue to plague this nation that offers so much serious potential.