What Next for Venezuela?
Economics, Applied
February 5, 2026
Venezuela descended into an economic, political, and human rights disaster in the 21st century. How can Venezuela find its way back to the rule of law, human rights, democracy, and prosperity? What role should the United States play? Steven Davis asks renowned economist Ricardo Hausmann.
Steven Davis is the Thomas W. and Susan B. Ford Senior Fellow and Director of Research at the Hoover Institution, and Senior Fellow at the Stanford Institute for Economic Policy Research (SIEPR). He is a research associate of the NBER, an IZA research fellow, an elected fellow of the Society of Labor Economists, and a consultant to the Federal Reserve Bank of Atlanta.
Each episode of Economics, Applied, a video podcast series, features senior fellow Steven Davis in conversation with leaders and researchers about economic developments and their ramifications. The goal is to bring evidence and economic reasoning to the table, drawing lessons for individuals, organizations, and society. The podcast also aims to showcase the value of individual initiative, markets, the rule of law, and sound policy in fostering prosperity and security.