Essay Examples on University of Kentucky

Focusing on creating an economy based around Agriculture

On the surface it seems that focusing on creating an economy based around agriculture would be a stable and better option than anything but that approach may be deeply flawed and non executable as there is a heavy water shortage in Venezuela and the only water available is not hygienic therefore not safe for consumption The country of Venezuela can only get out of this economic stress if we implement our own version of Reaganomics with some adjustments according to the needs of our nation What is Reaganomics Reaganomics is a portmanteau for the economic policies that were implemented by Ronald Regan during his reign as the president of the United States of America during the 1980 The four major goals of Reaganomics are reducing federal taxes reducing government regulation reducing government spending and tighten the money supply in order to reduce inflation But the policies implemented in Venezuela will exclude reducing government spending for obvious reasons welfare for the people of Venezuela Reducing Federal Taxes By reducing federal taxes such as income tax corporate tax etc provides an incentive to develop the severely weak private sector With reducing federal taxes the government of Venezuela would also provide the private section a significant boost to establish a strong private sector which as time passes will help in reducing the inflation rate As exports would also increase by the promotion of the private sector the crime rate

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