Venezuelan president Hugo Chavez has died after a two-year battle with cancer on March 5, 2013.
Venezuelians were very sad because they respected their president. Chavez was elected as a president in December, 1998. He experienced coup-u'detat in 2002, oil strike in 2002-2003 and public vote in 2004. Venezuela has political stability and economic boom now.
Petrol exporting is the economic lifeline of Venezuela. Internationally the Chávez government attempted to increase autonomy from U.S. and European governments by increasing control over domestic oil production and promoting economic and political integration with other Latin American nations. Due to high oil revenues, the Chavez government had much money to invest in social welfare, nation infrastructure construction and social development.
The Chavez government proposed and enacted 20 democratic socialist economic policies which concerns to medical and health services, education, employment and land reform since 2003. The poverty and extreme poverty populations reduced widely than at the beginning of Chavez.