IMHO, invest in local businesses that you own directly.
I have found no useful way of investing in Venezuela and I looked pretty hard.
But I think if you have some capital and go down there and get ready for Chavez meeting his maker, I think you can get in on the ground floor of a massive boom.
Latin America and Mexico are growing because of the “demographic bonus”, fertility approaching replacement rate but a growing number of kids hitting working and early adult consumption years.
... almost 1 million Americans now living in Mexico full-time.