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 U.S. or most European countries for most of the population. What do you see as 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 U.S. or most European countries for most of the population. What do you see as the most important factors responsible for these differences?

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