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While the public sector of the economy has fallen 2.8%, the private sector has dropped off 6%. [188] The year 2013 proved to be difficult for Venezuela as shortages of necessities and extreme inflation attacked the nation's economy. Items became so scarce that nearly one quarter of items were not in stock. [189]
For instance, in order to ensure that 50% of academic research was oriented towards socio-economic needs and problem-solving, the Fifth Five-Year Economic Development Plan (2010–2015) tied promotion to the orientation of research projects. It also made provision for research and technology centres to be set up on campus and for universities ...
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