Venezuela’s 2024 crisis, sparked by a disputed election, has deepened the country’s economic collapse, affecting businesses worldwide. While political instability has been a recurring problem in Venezuela for years, the 2024 election—marked by allegations of fraud and unrest—has intensified the country's economic freefall.
globalEDGE Blog - By Tag: crisis-and-emergency-management
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In the wake of the pandemic and desperate times, governments throughout the world have turned to automakers with the hope of increasing the global ventilator supply. As auto factories continue to stop making cars, the general public clamors for the transition to ventilators with hospitals, more specifically ICU wards across the globe, feeling the mounting pressure of increasing patients ill with coronavirus.
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On March 11th, 2020, the World Health Organization officially characterized COVID-19 as a pandemic. As of March 16th, there are over 169,000 confirmed cases of the novel coronavirus in the world, not including cases that have not been reported due to a lack of testing. Public health professionals across the globe have asked people to practice “social distancing.” People are being asked to work from home, to stay 6 feet apart from people, and to avoid gathering in large crowds. Although practicing effective social distancing techniques is essential to preventing the spread of the novel coronavirus, the economic implications of this practice could be detrimental to the global economy, at least in the short term.
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The preservation of natural environments and resources is immensely important in the most universal of ways. Preservation helps to stabilize and ensure the habitability of different regions, while also protecting the rest of the earth from rapid changes in the climate. While this is reason enough to advocate protection of the wilderness, destruction of natural areas can negatively impact the economy by disrupting supply systems and resource production. For these reasons, it is crucially important to observe and respond to natural disasters and threats as they occur.
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Since 2011, Syria has had civil unrest beginning with the Arab Spring protests, which were nationwide protests against the government which resulted in violent crackdowns by the Syrian government. Soon enough, it changed from protests to armed rebellion from various groups formed during the protesting process. Groups involved include al-Qaeda affiliates, the Islamic State of Iraq and the Levant (ISIL), the Syrian Government, and the Free Syrian Army (FSA). Since the FSA is considered an opposition faction, it is able to receive support by the United States and other Gulf Countries, giving it increased fighting capacity. During the Syrian crisis, around 5 million citizens have fled the country seeking a new home. It is believed by many that the movement of Syrian refugees into many Middle Eastern and European Union countries is becoming economically unstable.
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The Costa Concordia cruise ship ran aground off the coast of Italy on January 13th and has caused, along with a devastating heartbreak, major waves in the cruise industry. The tragic crash of this ship has caused speculation about the competency of major cruise lines worldwide. It seems that there are not strict regulations on cruise lines as passengers may have assumed which has caused customers to question their safety and could affect the travel industry as a whole.