Oil And Development In Venezuela During The 20th Century

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Oil and Development in Venezuela during the 20th Century

Author : Jorge Salazar-Carrillo
Publisher : Bloomsbury Publishing USA
ISBN 13 : 0313059519
Total Pages : 296 pages
Book Rating : 4.3/5 (13 download)

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Book Synopsis Oil and Development in Venezuela during the 20th Century by : Jorge Salazar-Carrillo

Download or read book Oil and Development in Venezuela during the 20th Century written by Jorge Salazar-Carrillo and published by Bloomsbury Publishing USA. This book was released on 2004-05-30 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book advances the theory that a potential leading export sector—in this case, the oil sector—is capable of inducing economic growth even in peripheral countries where the product line is primary in nature. In Venezuela the oil sector has contributed directly and indirectly to the development of the country's overall economy, particularly from 1936 to 1973, when that sector met the criteria of a leading sector, i.e., one that expands rapidly and obtains a large specific size relative to the economy as a whole. Oil investment in Venezuela contributed to the fiscal sector, the foreign sector, GDP, income, backward and forward linkages, the multiplier and accelerator effects, and the retained value of total expenditures. In spite of recent efforts to diversify the production and export mix, the Venezuelan economy continues to remain heavily dependent on oil production for export. During the midcentury decades of solid growth, it became evident that government oversight was needed to ensure that the numerous contributions flowing from the oil sector would be put to good use. Overall, it appears that the contributions were well utilized by the Venezuelan government, although there was plenty of room for improvement. Income distribution problems and other social inequities continued to beset the development process, leaving the economy rigid and inflexible. Consequently, when the oil sector faltered (1974 to 2000), Venezuela was unable to shift into other product lines. Political disarray soon followed, and with it a pervasive aura of economic uncertainty that persists to this day.

Oil and Development in Venezuela During the Twentieth Century

Author : Jorge Salazar-Carrillo
Publisher : Praeger
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Oil and Development in Venezuela During the Twentieth Century by : Jorge Salazar-Carrillo

Download or read book Oil and Development in Venezuela During the Twentieth Century written by Jorge Salazar-Carrillo and published by Praeger. This book was released on 1994-05-30 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: For review see: Juan Carlos Boué, in Journal of Latin American Studies, vol. 27, prt. 3 (October 1995); p. 739.

Venezuela Before Chávez

Author : Ricardo Hausmann
Publisher : Penn State Press
ISBN 13 : 0271064641
Total Pages : 549 pages
Book Rating : 4.2/5 (71 download)

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Book Synopsis Venezuela Before Chávez by : Ricardo Hausmann

Download or read book Venezuela Before Chávez written by Ricardo Hausmann and published by Penn State Press. This book was released on 2015-06-13 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the beginning of the twentieth century, Venezuela had one of the poorest economies in Latin America, but by 1970 it had become the richest country in the region and one of the twenty richest countries in the world, ahead of countries such as Greece, Israel, and Spain. Between 1978 and 2001, however, Venezuela’s economy went sharply in reverse, with non-oil GDP declining by almost 19 percent and oil GDP by an astonishing 65 percent. What accounts for this drastic turnabout? The editors of Venezuela Before Chávez, who each played a policymaking role in the country’s economy during the past two decades, have brought together a group of economists and political scientists to examine systematically the impact of a wide range of factors affecting the economy’s collapse, from the cost of labor regulation and the development of financial markets to the weakening of democratic governance and the politics of decisions about industrial policy. Aside from the editors, the contributors are Omar Bello, Adriana Bermúdez, Matías Braun, Javier Corrales, Jonathan Di John, Rafael Di Tella, Javier Donna, Samuel Freije, Dan Levy, Robert MacCulloch, Osmel Manzano, Francisco Monaldi, María Antonia Moreno, Daniel Ortega, Michael Penfold, José Pineda, Lant Pritchett, Cameron A. Shelton, and Dean Yang.

The Enduring Legacy

Author : Miguel Tinker Salas
Publisher : Duke University Press
ISBN 13 : 0822392232
Total Pages : 343 pages
Book Rating : 4.8/5 (223 download)

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Book Synopsis The Enduring Legacy by : Miguel Tinker Salas

Download or read book The Enduring Legacy written by Miguel Tinker Salas and published by Duke University Press. This book was released on 2009-04-20 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil has played a major role in Venezuela’s economy since the first gusher was discovered along Lake Maracaibo in 1922. As Miguel Tinker Salas demonstrates, oil has also transformed the country’s social, cultural, and political landscapes. In The Enduring Legacy, Tinker Salas traces the history of the oil industry’s rise in Venezuela from the beginning of the twentieth century, paying particular attention to the experiences and perceptions of industry employees, both foreign and Venezuelan. He reveals how class ambitions and corporate interests combined to reshape many Venezuelans’ ideas of citizenship. Middle-class Venezuelans embraced the oil industry from the start, anticipating that it would transform the country by introducing modern technology, sparking economic development, and breaking the landed elites’ stranglehold. Eventually Venezuelan employees of the industry found that their benefits, including relatively high salaries, fueled loyalty to the oil companies. That loyalty sometimes trumped allegiance to the nation-state. North American and British petroleum companies, seeking to maintain their stakes in Venezuela, promoted the idea that their interests were synonymous with national development. They set up oil camps—residential communities to house their workers—that brought Venezuelan employees together with workers from the United States and Britain, and eventually with Chinese, West Indian, and Mexican migrants as well. Through the camps, the companies offered not just housing but also schooling, leisure activities, and acculturation into a structured, corporate way of life. Tinker Salas contends that these practices shaped the heart and soul of generations of Venezuelans whom the industry provided with access to a middle-class lifestyle. His interest in how oil suffused the consciousness of Venezuela is personal: Tinker Salas was born and raised in one of its oil camps.

From Windfall to Curse?

Author : Jonathan Di John
Publisher : Penn State Press
ISBN 13 : 0271050985
Total Pages : 362 pages
Book Rating : 4.2/5 (71 download)

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Book Synopsis From Windfall to Curse? by : Jonathan Di John

Download or read book From Windfall to Curse? written by Jonathan Di John and published by Penn State Press. This book was released on 2015-12-21 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the discovery of abundant oil resources in the 1920s, Venezuela has had an economically privileged position among the nations of Latin America, which has led to its being treated by economic and political analysts as an exceptional case. In her well-known study of Venezuela’s political economy, The Paradox of Plenty (1997), Stanford political scientist Terry Karl argued that this oil wealth induced extraordinary corruption, rent-seeking, and centralized intervention that resulted in restricting productivity and growth. What this and other studies of Venezuela’s economy fail to explain, however, is how such conditions have accompanied both growth and stagnation at different periods of Venezuela’s history and why countries experiencing similar levels of corruption and rent-seeking produce divergent developmental outcomes. By investigating the record of economic development in Venezuela from 1920 to the present, Jonathan Di John shows that the key to explaining why the economy performed much better between 1920 and 1980 than in the post-1980 period is to understand how political strategies interacted with economic strategies—specifically, how politics determined state capacity at any given time and how the stage of development and development strategies affected the nature of political conflicts. In emphasizing the importance of an approach that looks at the political economy, not just at the economy alone, Di John advances the field methodologically while he contributes to a long-needed history of Venezuela’s economic performance in the twentieth century.

Venezuela

Author : Miguel Tinker Salas
Publisher : Oxford University Press
ISBN 13 : 0199790531
Total Pages : 192 pages
Book Rating : 4.1/5 (997 download)

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Book Synopsis Venezuela by : Miguel Tinker Salas

Download or read book Venezuela written by Miguel Tinker Salas and published by Oxford University Press. This book was released on 2015-04-02 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Among the top ten oil exporters in the world and a founding member of OPEC, Venezuela currently supplies 11 percent of U.S. crude oil imports. But when the country elected the fiery populist politician Hugo Chavez in 1998, tensions rose with this key trading partner and relations have been strained ever since. In this concise, accessible addition to Oxford's What Everyone Needs to Know® series, Miguel Tinker Salas -- a native of Venezuela who has written extensively about the country -- takes a broadly chronological approach that focuses especially on oil and its effects on Venezuela's politics, economy, culture, and international relations. After an introductory section that discusses the legacy of Spanish colonialism, Tinker Salas explores the "The Era of the Gusher," a period which began with the discovery of oil in the early twentieth century, encompassed the mid-century development and nationalization of the industry, and ended with a change of government in 1989 in response to widespread protests. The third section provides a detailed discussion of Hugo Chavez-his rise to power, his domestic political and economic policies, and his high-profile forays into international relations-as well as surveying the current landscape of Venezuela in the wake of Chavez's death in March 2013. Arranged in a question-and-answer format that allows readers to search topics of particular interest, the book covers questions such as, who is Simón Bolívar and why is he called the George Washington of Latin America? How did the discovery of oil change Venezuela's relationship to the U.S.? What forces where behind the coups of 1992? And how does Venezuela interact with China, Russia, and Iran? Informative, engaging, and written by a leading expert on the country, Venezuela: What Everyone Needs to Know® offers an authoritative guide to an increasingly important player on the world stage. What Everyone Needs to Know® is a registered trademark of Oxford University Press.

Energy in the Americas

Author : Amelia Marie Kiddle
Publisher :
ISBN 13 : 9781552389409
Total Pages : pages
Book Rating : 4.3/5 (894 download)

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Book Synopsis Energy in the Americas by : Amelia Marie Kiddle

Download or read book Energy in the Americas written by Amelia Marie Kiddle and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Energy in the Americas provides a hemispheric perspective on the historical construction of contemporary debates on the role of energy in society Understanding the history of energy and its evolving place of energy in society is essential to face the changing future of energy production. Across North and South America, national and localized understandings of energy as a common, public, or market good have influenced the development of energy industries. Energy in the Americas brings the diverse energy histories of North and South American nations into dialogue with one another, presenting an integrated hemispheric framework for understanding the historical constructions of contemporary debates on the role of energy in society. Rejecting pat truisms, this collection historicizes the experiences of producers and policymakers and assesses the interplay between environmental, technological, political, and ideological influences within and between countries and continents. Breaking down assumptions about the evolution of national energy histories, Energy in the Americas broadens and opens the conversation. De-emphasizing traditional focus on national peculiarities, it favours an international, integrated approach that brings together the work of established and emerging scholars. This is an essential step in understanding the circumstances that have created current energy policy and practice, and the historical narratives that underpin how energy production is conceptualized and understood."--

The Rise and Fall of OPEC in the Twentieth Century

Author : Giuliano Garavini
Publisher : Oxford University Press, USA
ISBN 13 : 0198832834
Total Pages : 445 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis The Rise and Fall of OPEC in the Twentieth Century by : Giuliano Garavini

Download or read book The Rise and Fall of OPEC in the Twentieth Century written by Giuliano Garavini and published by Oxford University Press, USA. This book was released on 2019 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most comprehensive history of the Organization of the Petroleum Exporting Countries (OPEC) and of its members, this study takes the reader from the formation of the first petrostate in the world, Venezuela, in the late 1920s, to the global ascent of petrostates and OPEC during the 1970s, to their crisis in the late-1980s and early- 1990s.

Grassroots Politics and Oil Culture in Venezuela

Author : Iselin Åsedotter Strønen
Publisher : Springer
ISBN 13 : 3319595075
Total Pages : 357 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Grassroots Politics and Oil Culture in Venezuela by : Iselin Åsedotter Strønen

Download or read book Grassroots Politics and Oil Culture in Venezuela written by Iselin Åsedotter Strønen and published by Springer. This book was released on 2017-09-01 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is published open access under a CC BY 4.0 license. This book presents an ethnographic study of how grassroots activism in Venezuela during the Chávez presidency can be understood in relation to the country's history as a petro-state. Taking the contested relationship between the popular sectors and the Venezuelan state as a point of departure, Iselin Åsedotter Strønen explores how notions such as class, race, state, bureaucracy, popular politics, capitalism, neoliberalism, consumption, oil wealth, and corruption gained salience in the Bolivarian process. A central argument is that the Bolivarian process was an attempt to challenge the practices, ideas, and values inherited from Venezuela's historical development as an oil-producing state. Drawing on rich ethnographic material from Caracas' shantytowns, state institutions, as well as everyday life and public culture, Strønen explores the complexities and challenges in fostering deep social and political change.

Oil and the American Century

Author : David S. Painter
Publisher : Baltimore : Johns Hopkins University Press
ISBN 13 :
Total Pages : 330 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Oil and the American Century by : David S. Painter

Download or read book Oil and the American Century written by David S. Painter and published by Baltimore : Johns Hopkins University Press. This book was released on 1986 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The History of Venezuela

Author : H. Micheal Tarver
Publisher : Bloomsbury Publishing USA
ISBN 13 : 1440857741
Total Pages : 280 pages
Book Rating : 4.4/5 (48 download)

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Book Synopsis The History of Venezuela by : H. Micheal Tarver

Download or read book The History of Venezuela written by H. Micheal Tarver and published by Bloomsbury Publishing USA. This book was released on 2018-10-25 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: An indispensable resource for readers interested in Venezuelan history, this book analyzes Venezuela's economic crisis through the context of its political and social history. For decades, the economy of Venezuela has depended on petroleum. As a consequence of a reduction in the price of oil, Venezuela recently experienced an economic downturn resulting in rampant social spending, administrative corruption, and external economic forces that collectively led credit-rating agencies to declare in November 2017 that Venezuela was in default on its debt payments. How did this Latin American nation come to this point? The History of Venezuela explores Venezuela's history from its earliest times to the present day, demonstrating both the richness of Venezuela and its people and the complexity of its political, social, and economic problems. As with all titles in The Greenwood Histories of the Modern Nations series, this chronological narrative examines political, economic, cultural, philosophical, and religious continuities in Venezuela's long and rich history, providing readers with a concise yet up-to-date study of the nation. The volume highlights the country's wide variety of cultures, languages, political ideologies, and historical figures and landmarks through maps, photographs, biographies, a timeline, and a bibliographical essay with suggestions for further reading.

Extraordinary Threat

Author : Justin Podur
Publisher : NYU Press
ISBN 13 : 1583679189
Total Pages : 329 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis Extraordinary Threat by : Justin Podur

Download or read book Extraordinary Threat written by Justin Podur and published by NYU Press. This book was released on 2021-07-20 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: The US foreign policy decisions behind six coup attempts against the Venezuelan government – and Venezuela's heightening precarity In March 2015, President Obama initiated sanctions against Venezuela, declaring a “national emergency with respect to the unusual and extraordinary threat to the national security and foreign policy of the United States posed by the situation in Venezuela.” Each year, the US administration has repeated this claim. But, as Joe Emersberger and Justin Podur argue in their timely book, Extraordinary Threat, the opposite is true: It is the US policy of regime change in Venezuela that constitutes an “extraordinary threat” to Venezuelans. Tens of thousands of Venezuelans continue to die because of these ever-tightening US sanctions, denying people daily food, medicine, and fuel. On top of this, Venezuela has, since 2002, been subjected to repeated coup attempts by US-backed forces. In Extraordinary Threat, Emersberger and Podur tell the story of six coup attempts against Venezuela. This book deflates the myths propagated about the Venezuelan government’s purported lack of electoral legitimacy, scant human rights, and disastrous economic development record. Contrary to accounts lobbed by the corporate media, the real target of sustained U.S. assault on Venezuela is not the country’s claimed authoritarianism or its supposed corruption. It is Chavismo, the prospect that twenty-first century socialism could be brought about through electoral and constitutional means. This is what the US empire must not allow to succeed.

Missionary Capitalist

Author : Darlene Rivas
Publisher : Univ of North Carolina Press
ISBN 13 : 0807860492
Total Pages : 312 pages
Book Rating : 4.8/5 (78 download)

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Book Synopsis Missionary Capitalist by : Darlene Rivas

Download or read book Missionary Capitalist written by Darlene Rivas and published by Univ of North Carolina Press. This book was released on 2003-04-03 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first work to draw on Nelson A. Rockefeller's newly available personal papers as well as research in Latin American archives, Missionary Capitalist details Rockefeller's efforts to promote economic development in Latin America, particularly Venezuela, from the late 1930s through the 1950s. Rockefeller's involvement in the region began in 1936 with his investment in Creole Petroleum, the Venezuelan subsidiary of Standard Oil. Almost immediately, he began trying to influence North Americans' individual, corporate, and government relationships with Latin Americans. Through his work developing technical assistance programs for the Roosevelt administration during World War II, his business ventures (primarily agricultural production and food retailing), and his postwar founding of the nonprofit American International Association, Rockefeller hoped to demonstrate how U.S. capitalists could nurture entrepreneurial spirit and work successfully with government agencies in Latin America to encourage economic development and improve U.S.-Latin American relations. Ultimately, however, he overestimated the ability of the United States, through public or private endeavors, to promote Latin American economic, political, and social change. This objective account paints a portrait of Rockefeller not as the rapacious, exploitative figure of stereotype, but as a man fueled by idealism and humanitarian concern as well as ambition.

The Oxford Handbook of Energy Politics

Author : Kathleen J. Hancock
Publisher : Oxford University Press, USA
ISBN 13 : 0190861363
Total Pages : 833 pages
Book Rating : 4.1/5 (98 download)

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Book Synopsis The Oxford Handbook of Energy Politics by : Kathleen J. Hancock

Download or read book The Oxford Handbook of Energy Politics written by Kathleen J. Hancock and published by Oxford University Press, USA. This book was released on 2020-10-15 with total page 833 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In many ways, everything we once knew about energy resources and technologies has been impacted by: the longstanding scientific consensus on climate change and related support for renewable energy; the affordability of extraction of unconventional fuels; increasing demand for energy resources by middle- and low-income nations; new regional and global stakeholders; fossil fuel discoveries and emerging renewable technologies; awareness of (trans)local politics; and rising interest in corporate social responsibility (CSR) and the need for energy justice. Research on these and related topics now appears frequently in social science academic journals-in broad-based journals, such as International Organization, International Studies Quarterly, and Review of International Political Economy, as well as those focused specifically on energy (e.g., Energy Research & Social Science and Energy Policy), the environment (Global Environmental Politics), natural resources (Resources Policy), and extractive industries (Extractive Industries and Society). The Oxford Handbook of Energy Politics synthesizes and aggregates this substantively diverse literature to provide insights into, and a foundation for teaching and research on, critical energy issues primarily in the areas of international relations and comparative politics. Its primary goals are to further develop the energy politics scholarship and community, and generate sophisticated new work that will benefit a variety of scholars working on energy issues"--

Colonialism and Postcolonial Development

Author : James Mahoney
Publisher : Cambridge University Press
ISBN 13 : 1139483889
Total Pages : pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Colonialism and Postcolonial Development by : James Mahoney

Download or read book Colonialism and Postcolonial Development written by James Mahoney and published by Cambridge University Press. This book was released on 2010-02-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this comparative-historical analysis of Spanish America, Mahoney offers a new theory of colonialism and postcolonial development. He explores why certain kinds of societies are subject to certain kinds of colonialism and why these forms of colonialism give rise to countries with differing levels of economic prosperity and social well-being. Mahoney contends that differences in the extent of colonialism are best explained by the potentially evolving fit between the institutions of the colonizing nation and those of the colonized society. Moreover, he shows how institutions forged under colonialism bring countries to relative levels of development that may prove remarkably enduring in the postcolonial period. The argument is sure to stir discussion and debate, both among experts on Spanish America who believe that development is not tightly bound by the colonial past, and among scholars of colonialism who suggest that the institutional identity of the colonizing nation is of little consequence.

Natural Resources and Economic Growth

Author : Marc Badia-Miró
Publisher : Routledge
ISBN 13 : 1317669185
Total Pages : 463 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Natural Resources and Economic Growth by : Marc Badia-Miró

Download or read book Natural Resources and Economic Growth written by Marc Badia-Miró and published by Routledge. This book was released on 2015-05-22 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between natural capital and economic growth is an open debate in the field of economic development. Is an abundance of natural resources a blessing or a curse for economic performance? The field of Economic History offers an excellent vantage to explore the relevance of institutions, technical progress and supply-demand drivers. Natural Resources and Economic Growth contains theoretical and empirical articles by leading scholars who have studied this subject in different historical periods from the 19th century to the present day and in different parts of the world. Part I presents the theoretical issues and discusses the meaning of the "curse" and the relevance of the historical perspective. Part II captures the diversity of experiences, presenting thirteen independent case studies based on historical results from North and South America, Africa, Asia, Oceania and Europe. This book emphasizes that an abundance of natural resources is not a fixed situation. It is a process that reacts to changes in the structure of commodity prices and factor endowments, and progress requires capital, labour, technical change and appropriate institutional arrangements. This abundance is not a given, but is part of the evolution of the economic system. History shows that institutional quality is the key factor to deal with abundant natural resources and, especially, with the rents derived from their use and exploitation. This wide ranging volume will be of great relevance to all those with an interest in economic history, development, economic growth, natural resources, world history and institutional economics.

The United States and Venezuela during the First World War

Author : H. Micheal Tarver
Publisher : Rowman & Littlefield
ISBN 13 : 1498511104
Total Pages : 269 pages
Book Rating : 4.4/5 (985 download)

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Book Synopsis The United States and Venezuela during the First World War by : H. Micheal Tarver

Download or read book The United States and Venezuela during the First World War written by H. Micheal Tarver and published by Rowman & Littlefield. This book was released on 2021-08-19 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book details the diplomatic relations between the United States and Venezuela during a pivotal time in world history. Through the utilization of archival materials and newspaper accounts, the author highlights the words of the major participants to demonstrate how the two nations worked together – sometimes hand-in-hand, sometimes face-to-face – to prevent the European War from spreading to the Western Hemisphere. Despite several efforts to develop hemispheric unity during the War, Venezuelan leaders perceived the policy of neutrality to be in the best interest of the country's national sovereignty. This book explores the personalities of the chief executives and selected diplomats to illustrate how both personnel and personalities molded their nation’s foreign relations. In the end, while perceived as two very different individuals who pursued different paths during the global conflict, the leadership styles of President Woodrow Wilson and General Juan Vicente Gómez were more alike than they realized. The overall cordial relations between the two nations during the period under review helped establish the foundation for the petroleum bonanza that United States companies would enjoy in the following years.