What are the economic implications of the U.S attack on Venezuala?

Stephen Grootes speaks to Lyal White, Faculty at Gordon Institute of Business Science (GIBS) on Trump’s attack on Venezuela exploring the geopolitical, economic and diplomatic implications of the move, including its impact on Latin America, international law, and the rules-based global order, as well as what it reveals about the direction of US foreign policy under Trump.

Listen to the interview in the audio player below.

Developments in New York today around Venezuelan president Nicolas Maduro.

Maduro, alongside his wife, Cilia Flores are accused of drug smuggling charges.

Venezuela holds some of the largest proven oil reserves in the world.

He's due to appear in court at the same the the United Nations Security council are set to discuss America's attack on Caracas, and the subsequent arrest of the nation's president and the first lady.

Speaking to Stephen Grootes on The Money Show, Lyal White, Faculty at Gordon Institute of Business Science says the attack and abduction of Maduro should never have happened.

"...by most measures and international law experts, would consider the operation on 3 January a blatant violation of the U.N charter."

- Lyal White, Faculty at GIBS

"This was an unlawful, unwise decision that was made especially without a transitional plan in place. And I think that is my biggest concern right now. What is the plan? What is next for Venezuela?"

- Lyal White, Faculty at GIBS

Scroll to the top of the article to listen to the full interview.