To Reduce Dependency on the U.S., Venezuela Cultivates China

Since the 1998 election of former President Hugo Chavez, the Venezuelan government has sought to bolster its state sovereignty and reduce its dependence on the U.S. These efforts have involved, among other strategies, strengthening relations with regional allies such as Cuba and Bolivia, shoring up new regional institutions such as the Union of South American Nations (UNASUR) and the Community of Latin American and Caribbean States (CELAC) and cracking down on domestic nongovernmental organizations that rely upon U.S. funding for survival. As a petro-state, however, Venezuela remains heavily reliant upon its oil industry for revenues. If Venezuela is to ever […]