By devaluing the Bolivar, the president of Venezuela has artificially decreased the value of the national currency.
What this does it make it more expensive to buy US dollars. In the last 2-3 years, there has been a flight of billion of US dollars out of Venezuela due to the economic disaster looming in the country.
By making it more expensive to buy US Dollars, the President of Venezuela is hoping to decrease the flight of money from the country and protect local reserves.
To what extent this actually works, we will have to see. In many developed countries or countries with a healthy economy, such a strategy might work. However, in the case of Venezuela, the economy is so bad, that even the devaluation of the Bolivar might not help solve much.
Answer:
Explanation:
A supranational organization is a multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whose decisions are binding on its members. In short, member states share in decision making on matters that will affect each country's citizens.
The EU, United Nations and the World Trade Organization (WTO) are all supranational groups, to one degree or another. In the EU, each member votes on policies that will affect each other member nation.
Such supranational organizations are seen by many as a better way to govern the affairs of nations, with an eye to preventing conflict and promoting cooperation, particularly on economic and military matters. Some critics, particularly those with nationalist tendencies, resent following internationally agreed rules and charge that adhering to the decisions of supranational organizations amounts to surrendering the sovereignty of member states and their people.
Ans: Russo-Japanese War, (1904–05), military conflict in which a victorious Japan forced Russia to abandon its expansionist policy in East Asia, thereby becoming the first Asian power in modern times to defeat a European power.
<span>As time has gone on, FEMA has evolved into a group of people who rally together to fix a problem which is very similar to Cooperative federalism, which is a system where it is not every man for himself but everyone working together for a common good. FEMA is a resource that does just that and serves all the people of the country in a crisis.</span>
