Global BusinessVenezuela
Venezuela
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MULTIMEDIA
GLOBAL BUSINESS
Cultivating South America's Favorite Drink
An American company finds success cultivating South America's popular caffeinated drink
Home Instead: The Business of Granny Care
As the population around the world ages, Home Instead finds that non-medical companionship and care giving can make good business
Belu: Environment-Friendly Bottled Water
A British company focuses on helping the environment and maintaining profits
COUNTRY NAVIGATOR
- Venezuela
- Capital: Caracas
- GCI Rank: 105 What's This?
Developed for the World Economic Forum by Professor Xavier Sala-i-Martin, the Global Competitiveness Index (GCI) measures the competitiveness of nations using economic statistics and extensive polling of international business leaders.
FEATURED STORIES
Venezuela
Is Chavez Taking Too Many Oil Risks?
Venezuela needs to invest to boost its oil output. But at $98 a barrel, why bother? Call it the Chávez conundrum
Chavez's Gold Bind
Venezuela's antiglobalist policies are scaring foreign mining companies. Are they hurting miners?
Latin News
Although critics fret that Telesur may become a teleforum for Chávez's populist politics, the new Caracas-based regional television network Telesur is already being called the Latin al-Jazeera
DOING BUSINESS IN VENEZUELA
Problematic Factors
- Access to financing
- Restrictive labor regulations
- Foreign currency regulations
- Inadequate supply of infrastructure
- Inefficient government bureaucracy
- Inadequately educated workforce
- Poor work ethic in national labor force
- Policy instability
- Government instability/coups
- Crime and theft
- Corruption
- Tax regulations
- Tax rates
- Inflation
- 0 10 20 30
- Percent of responses
Note: From a list of 14 factors, respondents were asked to select the five most problematic factors for doing business in their country/economy and to rank them between 1(most problematic) and 5. The bars in the figure show the responses weighted according to their ranking.