learns to diversify after turbulent political times

Introduction - Infrastructure - Tourism - Diversification - Reforms and deregulation -
The states - Technology - The information age - Business - Outlook

Bright future beckons

For 2001, the government is expecting inflation to settle at 10-12% while GDP should grow by 4-4.5%.President Hugo Chavez also says he is committed to cleaning up corruption in government customs bureaus and ensuring that the judicial system guarantees legal protection for investors.
For those with a long-term perspective, Venezuela offers a government dedicated to boosting tourism, agriculture and telecoms. The government and the private sector are working in tandem to guarantee that Venezuela becomes not only the gateway to the region but also a model for regional development.

Venezuela offers many comparative advantages to investors with a long-term perspective, such as inexpensive and abundant raw materials and energy supply, a relatively modern road infrastructure and a strategic location for trade with the United States, Europe and South America.
The Chavez government says that it will neither go down the capitalistic free market road nor revert to the sins of its state controlled past, but will look for a balance to meet the demands of 21st century globalization.

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© World INvestment NEws, 2002.
This is the electronic edition of the special country report on Venezuela published in Forbes Global Magazine.
April 2002 Issue.
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