MGT 321 Saudi Electronic University Chavez in Venezuela Question

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Assignment Question(s):
(Marks: 05)1. Under Chávezsleadership, what kind of economic system was put in place in Venezuela? Howwould you characterize the political system?
(wordlimit: 100, Marks: 02)
2. During the Chávezyears, many foreign multinationals exited Venezuela or reduced their exposurethere. What do you think the impact of this has been on Venezuela? What needsto be done to reverse the trend? (word limit: 100, Marks: 02)
3. By 2016,Venezuelas economy appeared to be on the brink of total collapse. What do you thinkneeds to be done to reverse this? (wordlimit: 150, Mark: 01))

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