(29c) Managing Projects in Government Restricted Economies

Nowadays, Worldwide projects are affected by various types of risks, difficult to quantify. When deling with countries, where for Political or Economic reasons Government controls are established, risks to investors increase in principle for reasons of trust in authorities or changing laws from time to time, and the speed on how money operations take place.

In the following paper, the author describes how business is being carried out in a Developing Country like Venezuela, a major Oil producer, responsible for about 15% of U.S. Gasoline needs, where Exchange Control Regulations were established since 2003, and how to take opportunities in such restricted economy.