Decades ago, Venezuela was a haven. Fueled by an oil boom, it was one of
four Latin American countries recognized by the World Bank as an
upper-middle-income economy and a bastion of stability in a region
plagued by authoritarianism and economic crises. Surrounded by a toxic
mix of guerrilla warfare, drug violence, and economic stagnation,
millions of Colombians saw the porous Venezuelan border as a means to a
better life. Today, with the direction reversed, that same border is yet
again a regional pressure point with grave human and economic
repercussions. Colombian authorities estimate that roughly
1 million people
born in Venezuela have emigrated to Colombia over the past 20 years.
With numbers likely to increase in the coming months, policymakers in
Bogota are running out of time to preemptively tackle a potential
humanitarian crisis—one that could at least complicate Colombian
stability and the ongoing implementation of the peace accords with the
FARC rebels.
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