Although both Mexico and Venezuela are oil-producing nations, the standard of living in each of these countries is still well below that of the United States or most European countries for the majority of the population. What are the most important factors responsible for these differences?

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The Answer of Although both Mexico and Venezuela are oil-producing nations, the standard of living in each of these countries is still well below that of the United States or most European countries for the majority of the population. What are the most important factors responsible for these differences?

Although Both Mexico and Venezuela Are Oil-Producing Nations, the Standard