The local news courtesy of Atodomomento is filled with salacious reports about the impending collapse of Venezuela’s economy. The one and only silver lining to this catastrophe is the country would be able to rebuild in a manner that avoids many of the mistakes done previously.
The rebuilding process, however, is hardly going to occur in an expedient amount of time. A lot of money has to come into the country in order to reverse the effects of the long-lasting horrific economic depression.
In order for the economy to rebuild itself, foreign investment is crucial. A serious question is going to be asked among many corporations throughout the world. Is it safe to invest in Venezuela asks expert Danilo Diaz Granados? Considering the disaster that has befallen the country, many investors are probably going to be more confident taking their money elsewhere.
Currently, Coca-Cola has had to shut down a large part of its operations in Venezuela. Revenues immediately slowed due to a sugar shortage. Coca-Cola can still sell Diet Coke, but no company wants to deal with such outrageous, money-losing volatility. Trying to get foreign dollars into Venezuela is going to take a long time. The country needs hard currency and investment capital now.
Regardless, foreign companies and governments have to think of their own well-being. It is no one’s primary concern to bring money into Venezuela solely to give the country’s economy a slight boost.