Final answer:
The migration crisis in Venezuela is due to economic failure, leading to hyperinflation, poverty, and authoritarianism, resulting in over 5.5 million Venezuelans fleeing the country.
Step-by-step explanation:
The ongoing migration crisis in Venezuela is primarily the result of economic failure which has led to widespread debt, runaway inflation, and an increasingly autocratic government under President Nicolás Maduro. The collapse of the Venezuelan economy has been exacerbated by poor financial policies, social and political upheaval, and accusations of human rights abuses by the Maduro regime.
The humanitarian situation has deteriorated significantly, leading to an absence of adequate nutrition, accessible health care, and safe drinking water, further accelerated by the spread of COVID-19. This critical situation has led to the displacement of more than 5.5 million Venezuelans seeking safety and stability.