Political Intervention, Sovereignty Erosion and Strategic Control of Resources: Evidence from The Venezuelan Case: (2026)2

Abstract

Jose Malonde

This article examines how political intervention and the selective use of international legal norms reshape the international business environment, using Venezuela as a critical case. Drawing on insights from international law and international political economy, the study argues that interventions justified through discourses of democracy, stability and governance often conceal strategic economic objectives, particularly the control of natural resources. The paper analyses policy statements, sanctions regimes and intervention practices affecting Venezuela and evaluates their implications for foreign firms, host-state sovereignty and global energy markets. The findings suggest that such interventions generate systemic uncertainty for international business by weakening legal predictability, normalising exceptional measures and altering the balance of bargaining power between states and multinational enterprises. The Venezuelan case is treated as a critical case given its strategic relevance to global energy markets and its exposure to sustained external political and economic pressure.

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