The Third World Nation of Venezuela
Essay title: The Third World Nation of Venezuela
THE THIRD WORLD NATION OF VENEZUELA Venezuela, officially Bolivarian Republic of Venezuela, is the sixth largest country in South America, unique in landscape, flora, fauna, and wild life that rival the larger nations in South America. In fact, due to its uniqueness, Venezuela is as much a Caribbean country as it is a South American one.
Geography & Climate: Venezuela lies at the northern extreme of South America, bordered by Columbia to the West, Brazil to the South, Guyana to the East, and the Caribbean Sea to the North. The country is just over 900,000 square kilometers, divided into 23 states.
The area includes stretches of the Andes Mountains, huge areas of Amazonian rain forest, fertile plains, miles of Caribbean shoreline and even a small desert. The nation also has two geographical superlatives, the worlds highest waterfall and South Americas biggest lake. Because of its proximity to the Equator, Venezuela experiences few climatic variations, just two seasons, dry [December to April] and wet [May to November] and an average temperature of 27C.
Economy: Whatever economic development has occurred in Venezuela, is largely due to the enormous natural resources of oil. The country was the worlds third largest exporter of oil, its ninth largest producer of oil, and accounted for more oil reserves than any other nation in the Western Hemisphere. The national petroleum company, Venezuelan Petroleum Corporation was also the third largest international conglomerate. In 1973 the Organization of Oil producing countries succeeded in raising the price of oil drastically, a major