Should Beijing refuse to honor a potential ruling against their claims of sovereignty, we can expect China to again attempt to assert its economic muscle to persuade other regional nations to settle the disputes bilaterally.
Just when the memories of anti-Chinese protests and rioting have started to fade among the Vietnamese, the Chinese are stoking the fires again with another salami-slicing maneuver.
The Venezuelan government finally blinked when it came to financial pressures by devaluing its currency on January 8th. The rate of the Bolivar Fuerte had been pegged at 2.15 to the dollar and is now 2.6 for essential supplies and 4.3 for luxury goods. Last week the value of the dollar on the parallel market […]
When he first ran for office, Hugo Chávez declared that he wanted to reduce the size of government, and to make it more efficient. However, Venezuela’s National Institute of Statistics released figures showing that there are now 2,372,587 government workers, an increase of 70% during Chávez’s time in office. The percentage of all persons employed […]
Last week Venezuela’s National Assembly pushed forward on a law to extend the socialist nature of the country’s educational system. At the local level this gives greater control over curriculum development to the country’s Communal Councils, which are strongly pro-government. Many members of the Assembly who support the legislation say they do so in order […]
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