Advances of the Venezuelan economic system and its productive sectors.

in Project HOPE3 years ago

Greetings to all readers of this great platform, in the present opportunity I want to impart with you, some considerations regarding the progress that currently has the economic system of the country, a topic that arose in a conversation with a friend, and suggested me to write about it, giving my point of view on how the country's economy has improved in relation to previous years, and how it can move forward this current year for the future of workers in the country.


The image used is from Public Domain, Author: PixaBay



It is no secret that Venezuela's economy has been greatly affected in recent years, both by the country's income from the sale of the gross domestic product which is oil in the case of Venezuela, where millions of barrels of oil were exported at a cost of more than $ 100 per barrel, with the passage of some years the amount of barrels exported reached 300 thousand barrels at $ 25 per barrel, being an extremely low income to sustain the country's economy.

With this crisis the amount of imports of basic necessities became almost impossible, so the little merchandise that was found in the country was very expensive, difficult to access and often of poor quality, with the passage of a few years this was changing to a different reality that is the one we live today, where in the stores we can get all the necessary products and many different brands and prices.


The image used is from Public Domain, Author: PixaBay



How did the country improve in production?

Previously, there were only large companies in charge of generating the products necessary for the country's sustenance, and when these large companies decided not to produce, the country entered into a food crisis, which was not a very favorable scenario, which led to an increase in imports and with it the devaluation of the currency.

At present there is a large number of small companies that make a product x, at the time of going to the commercial establishments we can find a large number of products with different brands and all made in the country, this represents a great productive advance even though it is not exported yet, there is no longer the need to import merchandise.



Improvements in health products?

About 3 or 4 years ago, it was impossible to get in the pharmacies even a pill for a headache, being considered as a situation of great concern for all Venezuelans, in case of any disease it was almost impossible to acquire any medicine.

Currently the reality is different, when we go to the pharmacies as they are known in Venezuela, we can find many medicines and from many different laboratories, both manufactured in the country and imported, being a great progress in this area.

Although it is still a reality that the public health care centers are in poor condition, and in most cases without the necessary medicines, the reasons? In some of them the constant supply does not arrive, in others they hide them or they steal them to resell them due to the lack of supervision.



Wage improvements?

The Venezuelan economy is practically dollarized, all the products that are acquired are priced in dollars, besides the fact that the companies can make their cost structures based on the American dollar, being this one of the ways that hyperinflation can occur in the country.

On the other hand, private sector companies have established the payment of salaries to workers based on the dollar, which vary depending on the functions performed by the worker, I have seen salaries up to $ 500 per month, being higher than the average minimum wage in Latin America.

Now, public sector salaries are still not enough to support the family of workers in this area, as there are salaries that do not exceed $ 15 per month, this being one of the main problems that remain to be solved, as the migration of Venezuelans continues for not having a salary commensurate with the needs we face.



Although many productive areas, and the salary of the private sector has improved greatly, there are still many points to be solved in the country's economy, but it is a great reality that currently we see a great economic improvement and we can breathe the hope that our country will improve this year, just be patient and form personal strategies to help us improve our economy, from the personal, migrate to another country I do not see it as a solution even though many do, thank you for reading my article.





All the images used by the Author @Chucho27 are Public Domain, in each one of them you can find the source of the image.

The image of the Banner at the bottom, is in the public domain obtained from: PixaBay

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I am so short of words reading this post, I am confused as well, what a mess and what a fuck. This is same thing happening in my country and at first when people keep speaking of Venezuela and their economy melt down I keep thinking it is an avenue to steal money, now I see that it is true.

I am so happy to see that there is now some glimpse of hope and I pray your country bounces out. Just keep pushing and everything will be fine. Thank God you have cryptocurrency by your side.

As per the export, the country should put in the best measure to ensure that they export more and import less.

Another angle to note is that health is wealth, your country should put in more measure to lower death rate by making sure that the needed drugs is available.

Thanks for sharing your valuable post with us

Currently the reality is different, when we go to the pharmacies as they are known in Venezuela, we can find many medicines and from many different laboratories, both manufactured in the country and imported, being a great progress in this area.

Although it is still a reality that the public health care centers are in poor condition, and in most cases without the necessary medicines, the reasons? In some of them the constant supply does not arrive, in others they hide them or they steal them to resell them due to the lack of supervision.

your all topics are awesome but specially i liked this because i'm also from health care sector.

Greetings @ chucho27
The economic crisis that Venezuela is going through led many businessmen to close their doors because they did not see an easy and quick way out, it is also worth mentioning that many of them were nationalized or belonged to multimillionaire families that dominated the productive sectors. This served for the Venezuelan as a spirit of entrepreneurship and love for the country, despite the difficulties could create microenterprises that are sustaining the domestic market of the primary items and that make the Venezuelan economy to come out a little afloat.
Thank you very much for sharing

I think that the economy in Venezuela has really improved, but there is still a total lack of control in the regulation of prices and management of rates, although the exchange rate of $ to the national currency has remained "stable" it sounds crazy that the products have a cost 4 or 5 times higher than in neighboring countries where we ourselves are the exporters xd even so for those who found new ways to make a living independently with the known "ventures" to not depend on the insignificant wages where you could not buy much we see great liquidity or as a Venezuelan would say criolamente "there is money in the street" should only be sought honestly and of good origin. EXCELLENT POST
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