Maduro, a member of Venezuelas socialist party won the presidential election on Sunday. It is the first time in 14 years that Hugo Chavez is not the president. Chavez had initally won the election in October of 2012 but recently died in March. It will be very interesting to see how Maduro will bring about change to the Venezuelan people and their economy. Venezuela has the land and minerals to export however Chavez was often critized for micro-managing the economy and only focusing on oil. Being a member of the socialist party the world will have to watch and see just how "socialist" Venezuela becomes.
http://edition.cnn.com/2013/04/14/world/americas/venezuela-elections/index.html?hpt=hp_t1
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