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This week Venezuela's election council announced that an audit of the results of the country's presidential election confirmed that Nicolas Maduro won by 1.5 percentage points over Henrique Capriles in the country's presidential election in April.

Maduro's supporters hope that this confirmation will put any doubts about the legitimacy of his win to rest, as the country suffers from a shortage of foods and some basic goods.

On Sunday, Maduro halted a plan to restrict the sale of 20 basic food items in the state of Zulia calling it 'insane'. Instead he said the best way to counter the shortage is to 'produce, produce, produce'.

So, will President Maduro succeed in sorting out Venezuela's economy and put an end to the food shortages?

Inside Story Americas, with presenter Shihab Rattansi, discusses with guests: David Smilde, a senior fellow at the Washington Office on Latin America (WOLA); Greory Wilpert, an editor of the website venezuelaanalysis.com; and Miguel Tinker, a professor of Latin American History at Pomona College.

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