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Economic, Social, and Humanitarian Crisis in Venezuela and Sustainable Development

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SDGs in the Americas and Caribbean Region

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Abstract

The socioeconomic situation in Latin America has historically been characterized by certain instability and inequalities between and within countries. This scenario is not compatible with the Sustainable Development Goals (SDGs). There are multiple reasons for these imbalances. This chapter analyzes the socioeconomic evolution of Venezuela in the framework of SDG 8. Venezuela went from a buoyant position to the currently precarious living conditions of the population. The interrelationships between Venezuela’s development and the effects of economic policies on the achievement of SDG 8 in the global SDG framework can help explain the current situation. In the context of recession and hyperinflation, it has devastated the purchasing power of wages and the quality of life of its inhabitants, harming the achievement of all SDGs. Understanding this situation and how far Venezuela is from achieving the SDGs requires a review of the public policies implemented, such as the one presented here.

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Author information

Authors and Affiliations

  1. Department of Economics, EDaSS Research Group on Economic Development and Social Sustainability, University of A Coruña, A Coruña, Spain

    Isabel Novo-Corti & Xose Picatoste

  2. Instituto de Estudios Superiores de Administración, IESA, Caracas, Venezuela

    José Manuel Puente

  3. IE University, Madrid, Spain

    José Manuel Puente

Authors
  1. Isabel Novo-Corti
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  2. Xose Picatoste
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  3. José Manuel Puente
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Corresponding author

Correspondence to Xose Picatoste .

Editor information

Editors and Affiliations

  1. European School of Sustainability, Hamburg University of Applied Sciences, Hamburg, Hamburg, Germany

    Walter Leal Filho

  2. Fac. of Biol. and Agricultural Sciences, University of Veracruz, Veracruz, Veracruz, Mexico

    Noé Aguilar-Rivera

  3. Biology, Winona State University, Winona, MN, USA

    Bruno Borsari

  4. College of Business, Colorado State University, Fort Collins, CO, USA

    Paulo R. B. de Brito

  5. Centre for Sustainable Development, Universidade do Sul de Santa Catarina, Florianopolis, Santa Catarina, Brazil

    Baltazar Andrade Guerra

Section Editor information

  1. University of Sierra Sur, Oaxaca, Mexico

    Roberto Ariel Abeldaño Zuñiga PhD

  2. Guillermo Rojas Mijangos SN. Ciudad Universitaria, Miahuatlán de Porfirio Díaz, Oaxaca, Mexico

    Roberto Ariel Abeldaño Zuñiga PhD

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Novo-Corti, I., Picatoste, X., Puente, J.M. (2022). Economic, Social, and Humanitarian Crisis in Venezuela and Sustainable Development. In: Leal Filho, W., Aguilar-Rivera, N., Borsari, B., R. B. de Brito, P., Andrade Guerra, B. (eds) SDGs in the Americas and Caribbean Region. Implementing the UN Sustainable Development Goals – Regional Perspectives. Springer, Cham. https://doi.org/10.1007/978-3-030-91188-1_73-1

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  • DOI: https://doi.org/10.1007/978-3-030-91188-1_73-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-91188-1

  • Online ISBN: 978-3-030-91188-1

  • eBook Packages: Springer Reference Earth and Environm. ScienceReference Module Physical and Materials ScienceReference Module Earth and Environmental Sciences

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