Venezuelan consumers gobble up U.S. goods despite political tension

VALENCIA, Venezuela -- You might think a country headed by the ferociously anti-American President Hugo Ch�vez would be a lousy place for American companies to do business.Think again. Amid an oil-fueled boom, scores of well-known U.S. corporations are notching impressive sales in Venezuela. This nation of 26 million people is entering the fourth year of a robust economic expansion and, despite sour relations with the United States, consumers are ... Full Story »

Posted by David Patterson
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Subjects: World, Business
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Posted by: Posted by David Patterson - Mar 28, 2007 - 5:04 AM PDT
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Edited by: Kaizar Campwala - Mar 28, 2007 - 7:06 AM PDT

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David Patterson
4.0
by David Patterson - Oct. 1, 2008

Maybe it's something about the income redistribution in genuine socialism that spurs the economy. More people having enough money to participate in the economy in a meaningful way.

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