Oakland University International IT Country Presentation Venezuela Team Members: Leonard Babajan Walter Cooke Terry Johnson Srimala Pai October 4, 2005. Venezuela. Flat World. South America. 60% of the population lives in the coastal and Andean region.
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Oakland UniversityInternational ITCountry PresentationVenezuelaTeam Members:Leonard BabajanWalter CookeTerry JohnsonSrimala PaiOctober 4, 2005
60% of the population lives in the coastal and Andean region
Grass covered plains
40% 0f the population is in the 8 major cities
Only 1.5 % of the population lives south of the river
In the picture you can see houses over the water, in the Sinamaica lagoon (Zulia state), close to Maracaibo. When the first explorers arrived, those houses reminded them of the city of Venice. That is why they called the region "Little Venice", which in Spanish would be Venezuela
agriculture 13%, industry 23%, services 64% (1997 est.)
Venezuela contains some of the largest oil and natural gas reserves in the world. It consistently ranks as one the top suppliers of U.S. oil imports and is among the top ten crude oil producers in the world
Banking and Finance Sector
211k subscribers June 2005
Government and Customs
Manufacturing and Industrial Sector
Individual or Personal Use
Oil and Derivatives Industry
Sample of Venezuelan IT industries
Bolsa de Valores de Caracas
(Caracas Stock Market)
FDI seems to be the best investment method
Advantages of FDI in Venezuela:
Venezuela would be an excellent place for foreign direct investment into IT firms that support the petroleum industry.
The petroleum industry is by far the largest business sector in Venezuela. Global demand is projected to continue to rise. Venezuela has the capability and the will to produce, refine, and export more petroleum.