Posts byMateo Ricucci

I'm a second year Economics and Business Economics students from Venezuela. My main interests are in politics and economics, but I like to write about issues in South America.

The Rise and Fall of Somali Piracy

As a consequence of the collapse of the Somali state in 1991, the country was left without a government. The subsequent disbandment of the Somali Navy meant there were no forces to defend the coastline, which prompted foreign fishing vessels to employ a variety of non-sustainable fishing techniques that devastated Somali fisheries. Local clan leaders

Venezuela: Cuba’s Oil Sugar Daddy

In the midst of one of the worst economic crises in recent times, Venezuela keeps losing hundreds of millions of dollars a year by maintaining its oil subsidy to Cuba.

Venezuela has the largest proven oil reserves in the world. Before the arrival of Hugo Chávez to the presidency in 1999, Venezuela’s oil production was in a constant rise up to 3.4 million barrels per day. Nowadays, this amount has fallen below 750 thousand barrels per day. Over the past 19 years, Cuba has benefited