Venezuela

Venezuela is an example of a country become a more closed system. Because https://interfaceware.atlassian.net/wiki/spaces/EC/pages/2781347916 were imposed https://interfaceware.atlassian.net/wiki/spaces/EC/pages/2780954689 increased in the country resulting in a smaller economy.

People have engaged in https://interfaceware.atlassian.net/wiki/spaces/EC/pages/2777743424 away from the country as a result. When the country was richer than it’s neighbours occurred into the country instead.

This sanctions applied an to the economy along with many other regulation changes.

This isn’t necessarily all bad though.

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With the banking system for instance if Venezuela is part of the North American banking system which has a lot of terrible legacy technology then it avoids the of where an established standard stops the creation of new technology.

I am optimistic for the future of Venezuela.