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Although it was, for decades, by far the wealthiest country in Latin America, and, despite having the world’s largest oil reserves, Venezuela is a failed state. How did the country fall into this situation? How it can get out of it? This book analyzes and answers these questions, the most pressing asked by all those who think about the current situation of Venezuela. It concentrates its diagnosis on the 40 years of populism under democracy that allowed Hugo Chavez to reach power, and which resulted in the dramatic impoverishing of Venezuela. Chavismo is analyzed carefully, and the book also considers the effect of global situations on the Venezuela economy.
Although it was, for decades, by far the wealthiest country in Latin America, and, despite having the worldâ (TM)s largest oil reserves, Venezuela is a failed state. How did the country fall into this situation? How it can get out of it? This book analyzes and answers these questions, the most pressing asked by all those who think about the current situation of Venezuela. It concentrates its diagnosis on the 40 years of populism under democracy that allowed Hugo Chavez to reach power, and which resulted in the dramatic impoverishing of Venezuela. Chavismo is analyzed carefully, and the book also considers the effect of global situations on the Venezuela economy.
This book explains why Venezuela is so rich in natural resources—it has been producing oil since 1922 and harbors the largest oil reserves in the world—and yet it is also a failed nation of class-divided citizens exhibiting deep poverty in a corrupt, incompetent state. Venezuela is a bipolar nation, where two marked poles in the society exist which have historical origins and are mutually exclusive. The book provides a critical analysis of Venezuela's history, economy and politics and explains the context and implications of the bipolar poles, known as the elite pole and the resentful pole. Both, it shows, have done serious harm to Venezuela’s prosperity. The author describes the vicious circle of oil wealth, corruption, inefficiency and world market dependency and gives recommendations for a better future.
Este libro analiza la economía venezolana para responder, de entrada, dos preguntas, precisamente las más acuciantes que se formulan todos los que dentro o fuera de Venezuela piensan en la economía del país: cómo llegamos a esta situación y cómo salimos de ella. Lo hace con la solidez de un académico que desde su formación inicial en Matemáticas ha investigado lo económico durante muchas décadas, pero también con la perspectiva de quien sabe que la economía no puede entenderse sin lo político y lo social, y con la intención de hacerse entender por el lector no especializado. El autor concentra su diagnóstico en los mecanismos y efectos de 40 años de populismo económico, qu...
Luego de dos decadas de crecimiento economico sostenido, el 15 de Septiembre de 2008 el mundo se desperto con la noticia de la bancarrota de Lehman Brothers. Detras vinieron muchas otras instituciones financieras. La gran recesion rapidamente se expandio a Europa y el resto del mundo. En los EE.UU, el Presidente Barack Obama emprendio un extraordinario plan fiscal para reactivar la economia, cuya recuperacion hasta ahora ha sido debil. La situacion de Europa es muy similar. Con la crisis griega y los llamados PIGS, el euro esta enfrentando la peor crisis desde su creacion, y las esperanzas de reactivacion han tornado hacia los llamados paises BRIC: Brasil, Rusia, India y China. Con la colaboracion de los destacados economistas y academicos internacionales David Laidler, Vitorio Corbo y Rowena Pecchenino, el profesor Jose Noguera Santaella presenta "La Escena Monetaria Internacional. que sabemos y que hacemos?" en el que se discuten y analizan las ensenanzas que la historia nos deja sobre las crisis financieras, la fragilidad monetaria de Europa, la influencia del petroleo en la actual recesion y sugerencias de politicas monetaria para evitar colapsos similares en el futuro."
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Examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth century.