The bolivarian regimes and governance deficit in Venezuela, 2015-2019

Abstract

The main aim of this study is to examine the Bolivarian regimes and governance deficit in Venezuela, 2015–2019. The study specifically focuses on the consequences and implications of governance paucity to the Venezuelans, more importantly in their economic emancipation, international relations, achieving social cohesion and development in the country. The work argued that the major problem with the Venezuela crisis rests significantly on the incoherent government policy framework and its inability to encourage diversification in the economy. The study further adopted content analysis techniques as the methodology and structural functionalism model. The findings of the study show that inconsistence in policy framework has resulted in a governance deficit in Venezuela and the state is drawn to a capitalist outburst that vehemently determines the price of oil in Venezuela. The paper thus recommends improvement in governance which will encourage transparency, accountability, and promote a diversified economy.