International financial flows and their effects on the Venezuelan economy in the context of global and Latin American integration

The aim of this paper is to analyze the movements of international financial flows of capital across countries, especially in Latin America and mainly discussed the case of the effects of financial flows in the Venezuelan economy, taking into account the context of integration that exists today, globally and in Latin America. Documentary research is performed, highlighting the main treaties and international agreements with countries of Venezuela from different continents, referring to Simon Bolivar strategic plan as the basis of foreign policy the country's trade. You reach the conclusions that must review the measures for regulation and to consider the case in other countries such as Chile, since a similar process adapted to the particular situation and present, could avoid the negative impacts of high flow volatility, depending on short or long term. It also defines the importance of the agreements signed with other countries, promoting the diversification of trade relations multipolar, as a factor for support and cooperation, highlighting the central role of Venezuela within integration organizations, in the same way its growth on international stages. The methodology for this article was focused on a literature review, based on approaches Salvatore (1999), Dornbusch, Fischer and Starz (2003), Ffrench (2009), Gonzalez (2006), Jimenez, Vanegas and Aguilar (2003), Linares and Blanco (2008), CEPAL (2011).