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Hugo Chavez's Analysis

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Former Venezuela President Chavez consolidated government control over the economy and nationalized its oil, and sized foreign business and improved poverty and the trend set by him is continuing when it comes to international trade and operation of foreign companies in Venezuela soil. Venezuela withdrew from the World Bank's International Center for Settlement of Investment Disputes (ICSID) in 2012, citing bias in favor of transnational corporations. His successor Nicola Maduro reinforced Hugo Chavez reforms such as land law, expropriate idle and foreign companies, which is legislation and concrete actions in an effort to counter deteriorating economy with less intensity, (Ellner, 2014). Maduro attacks his political oppositions with an aggressive

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