The Political Economy Of The Venezuelian Oil Industry

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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.

From Windfall to Curse?

Author : Jonathan Di John
Publisher : Penn State Press
ISBN 13 : 0271076909
Total Pages : 215 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 215 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.

The Enduring Legacy

Author : Miguel Tinker Salas
Publisher : Duke University Press
ISBN 13 : 0822392232
Total Pages : 344 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 2009-05-11 with total page 344 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.

Crude Nation

Author : Raúl Gallegos
Publisher : Potomac Books
ISBN 13 : 1640122133
Total Pages : 262 pages
Book Rating : 4.6/5 (41 download)

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Book Synopsis Crude Nation by : Raúl Gallegos

Download or read book Crude Nation written by Raúl Gallegos and published by Potomac Books. This book was released on 2019-09-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beneath Venezuelan soil lies an ocean of crude—the world’s largest reserves—an oil patch that shaped the nature of the global energy business. Unfortunately, a dysfunctional anti-American, leftist government controls this vast resource and has used its wealth to foster voter support, ultimately wreaking economic havoc. Crude Nation reveals the ways in which this mismanagement has led to Venezuela’s economic ruin and turned the country into a cautionary tale for the world. Raúl Gallegos, a former Caracas-based oil correspondent, paints a picture both vivid and analytical of the country’s economic decline, the government’s foolhardy economic policies, and the wrecked lives of Venezuelans. Without transparency, the Venezuelan government uses oil money to subsidize life for its citizens in myriad unsustainable ways, while regulating nearly every aspect of day-to-day existence in Venezuela. This has created a paradox in which citizens can fill up the tanks of their SUVs for less than one American dollar while simultaneously enduring nationwide shortages of staples such as milk, sugar, and toilet paper. Gallegos’s insightful analysis shows how mismanagement has ruined Venezuela again and again over the past century and lays out how Venezuelans can begin to fix their country, a nation that can play an important role in the global energy industry. This paperback edition features a new introduction by the author.

Dragon in the Tropics

Author : Javier Corrales
Publisher : Rowman & Littlefield
ISBN 13 : 0815705026
Total Pages : 209 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Dragon in the Tropics by : Javier Corrales

Download or read book Dragon in the Tropics written by Javier Corrales and published by Rowman & Littlefield. This book was released on 2011-02-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since he was first elected in 1999, Venezuelan President Hugo Chávez Frías has reshaped a frail but nonetheless pluralistic democracy into a semi-authoritarian regime—an outcome achieved with spectacularly high oil income and widespread electoral support. This eye-opening book illuminates one of the most sweeping and unexpected political transformations in contemporary Latin America. Based on more than fifteen years' experience in researching and writing about Venezuela, Javier Corrales and Michael Penfold have crafted a comprehensive account of how the Chávez regime has revamped the nation, with a particular focus on its political transformation. Throughout, they take issue with conventional explanations. First, they argue persuasively that liberal democracy as an institution was not to blame for the rise of chavismo. Second, they assert that the nation's economic ailments were not caused by neoliberalism. Instead they blame other factors, including a dependence on oil, which caused macroeconomic volatility; political party fragmentation, which triggered infighting; government mismanagement of the banking crisis, which led to more centralization of power; and the Asian crisis of 1997, which devastated Venezuela's economy at the same time that Chávez ran for president. It is perhaps on the role of oil that the authors take greatest issue with prevailing opinion. They do not dispute that dependence on oil can generate political and economic distortions—the "resource curse" or "paradox of plenty" arguments—but they counter that oil alone fails to explain Chávez's rise. Instead they single out a weak framework of checks and balances that allowed the executive branch to extract oil rents and distribute them to the populace. The real culprit behind Chávez's success, they write, was the asymmetry of political power.

Venezuela

Author : Juan Carlos Boué
Publisher :
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Venezuela by : Juan Carlos Boué

Download or read book Venezuela written by Juan Carlos Boué and published by . This book was released on 1993 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book in a new series on oil exporting countries, Venezuela: the Political Economy of Oil is indispensable for all observers of the world oil market. As the founding member of OPEC, Venezuela continues to hold a central position in the world petroleum market. Its national oil company, PdVSA, the third largest oil company in the world, is pursuing a revolutionary policy of external acquisitions in developed countries. At the same time, there are early signs of a shift in its attitudes towards allowing foreign investment. This study provides a comprehensive and masterly analysis of the Venezuelan oil industry within the context of the political economy of the country. In particular, Boue considers the potential reserves of the Orinco Oil Basin, the environmental challenges facing Venezuela's oil industry, and the uncertain future of orimulsion, a possibly revolutionary new fuel. In light of two attempted military coups in 1992, this study assesses the prospects for the Venezuelan oil industry in the near and longer-term future.

The Political Economy of Venezuelan Oil

Author : Laura Randall
Publisher : Praeger
ISBN 13 : 0275928233
Total Pages : 0 pages
Book Rating : 4.2/5 (759 download)

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Book Synopsis The Political Economy of Venezuelan Oil by : Laura Randall

Download or read book The Political Economy of Venezuelan Oil written by Laura Randall and published by Praeger. This book was released on 1987-11-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Political Economy of Venezuelan Oil describes the historic role of multinationals in establishing the oil industry there and the resulting coordination of an integrated, nationalized industry. Randall posits that the nationalization of the Venezuelan oil industry was strikingly different from that in Brazil and Mexico. Besides giving a detailed description of the structure and management of this industry, she also provides a history of labor conditions and an analysis of the impact of the oil industry on Venezuela's overall economy.

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"--

The Oil Curse

Author : Michael L. Ross
Publisher : Princeton University Press
ISBN 13 : 0691159637
Total Pages : 314 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Oil Curse by : Michael L. Ross

Download or read book The Oil Curse written by Michael L. Ross and published by Princeton University Press. This book was released on 2013-09-08 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explaining—and solving—the oil curse in the developing world Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth—and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats—and twice as likely to descend into civil war—than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.

Oil Revolution

Author : Christopher R. W. Dietrich
Publisher : Cambridge University Press
ISBN 13 : 131673952X
Total Pages : 371 pages
Book Rating : 4.3/5 (167 download)

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Book Synopsis Oil Revolution by : Christopher R. W. Dietrich

Download or read book Oil Revolution written by Christopher R. W. Dietrich and published by Cambridge University Press. This book was released on 2017-06-16 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: Through innovative and expansive research, Oil Revolution analyzes the tensions faced and networks created by anti-colonial oil elites during the age of decolonization following World War II. This new community of elites stretched across Iran, Iraq, Saudi Arabia, Venezuela, Algeria, and Libya. First through their western educations and then in the United Nations, the Arab League, and the Organization of Petroleum Exporting Countries, these elites transformed the global oil industry. Their transnational work began in the early 1950s and culminated in the 1973–4 energy crisis and in the 1974 declaration of a New International Economic Order in the United Nations. Christopher R. W. Dietrich examines how these elites brokered and balanced their ambitions via access to oil, the most important natural resource of the modern era.

Society and Economy in Venezuela

Author : Vitor Eduardo Schincariol
Publisher : Springer Nature
ISBN 13 : 3030600831
Total Pages : 142 pages
Book Rating : 4.0/5 (36 download)

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Book Synopsis Society and Economy in Venezuela by : Vitor Eduardo Schincariol

Download or read book Society and Economy in Venezuela written by Vitor Eduardo Schincariol and published by Springer Nature. This book was released on 2020-10-28 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an overview of the economic policies adopted by the Bolivarian governments of Hugo Chávez and Nicolás Maduro in Venezuela between 1998 and 2018, and the economic and social results of these policies. The recent history of Venezuela has attracted much attention due to Chávez’s and Maduro’s self-declared search for socialism since the beginning of the 21st century and the economic trajectory of the country in this period, which experienced significant economic growth during the international oil boom in the first decade of the century, followed by a huge economic crisis in the second decade. The volume adopts an economic history approach, taking into account both economic and social variables to analyze the Venezuelan overall socio-economic performance since 1998. Drawing on official documents and statistics, as well as on the available literature, it presents an empirical analysis of Venezuelan economic and social histories during the Bolivarian period, describing and analyzing the achievements and limits of the policies adopted between 1998 and 2018. Society and Economy in Venezuela: An Overview of the Bolivarian Period (1998-2018) will be a useful introduction to sociologists, political economists, political scientists, economic historians and other social scientists interested in understanding the multiple interrelations between economy and society in Bolivarian Venezuela. “This book offers a thoughtful, committed and illuminating analysis of the socialist experiment in Venezuela. Its strengths and weaknesses are examined in unprecedented detail, in order to identify the drivers and limitation of 'socialism in the 21st century'. An essential work for scholars, students and citizens concerned with Venezuela.” – Alfredo Saad-Filho, King's College London

The Natural Resources Trap

Author : Federico Sturzenegger
Publisher : MIT Press
ISBN 13 : 0262013797
Total Pages : 535 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis The Natural Resources Trap by : Federico Sturzenegger

Download or read book The Natural Resources Trap written by Federico Sturzenegger and published by MIT Press. This book was released on 2010 with total page 535 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book is important and timely, bringing together some of the world's leading economists. The theory chapters provide new insights and apply new developments in contract theory to the problems of natural resources and credible host country policies. The case studies provide up-to-date illustrations of the difficulties and development of host country policy in Latin America and the UK." Roderick Duncan, Charles Sturt University, Australia "This book is likely to become a standard reference in the area of natural resources and credible host country policies-coming, as it does, with a solid grounding in modern economic theory." Tim Worrall, University of Manchester Volatility in commodity prices has been accompanied by perpetual renegotiation of contracts between private investors in natural resource production and the governments of states with mineral and energy wealth. When prices skyrocket, governments want a larger share of revenues, sometimes to the point of nationalization or expropriation; when prices fall, larger state participation becomes a burden and the private sectoris called back in. Recent and newsworthy changes in the price of oil (which fell from an all-time high of $147 in mid-2008 to $40 by year's end) are notable for their speed and the steepness of their rise and fall, but the up-and-down pattern itself is not unusual. If the unpredictability of commodity prices is so predictable, why do contracts not allow for this with mechanisms that would provide a more stable commercial framework? In The Natural Resources Trap, top scholars address this guestion in terms of both theory and practice. Theoretical contributions range across a number of fields, from contract theory to public finance, and treat topics that include taxation, royalties, and expropriation cycles. Case studies examine experiences in the U.K., Bolivia, Argentina, Venezuela, and other parts of the world. --Book Jacket.

The Political Economy of Venezuelan Oil

Author : Laura Randall
Publisher : Praeger
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis The Political Economy of Venezuelan Oil by : Laura Randall

Download or read book The Political Economy of Venezuelan Oil written by Laura Randall and published by Praeger. This book was released on 1987-11-17 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Political Economy of Venezuelan Oil describes the historic role of multinationals in establishing the oil industry there and the resulting coordination of an integrated, nationalized industry. Randall posits that the nationalization of the Venezuelan oil industry was strikingly different from that in Brazil and Mexico. Besides giving a detailed description of the structure and management of this industry, she also provides a history of labor conditions and an analysis of the impact of the oil industry on Venezuela's overall economy.

Venezuela's Petro-diplomacy

Author : Ralph S. Clem
Publisher :
ISBN 13 : 9780813035307
Total Pages : 0 pages
Book Rating : 4.0/5 (353 download)

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Book Synopsis Venezuela's Petro-diplomacy by : Ralph S. Clem

Download or read book Venezuela's Petro-diplomacy written by Ralph S. Clem and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: President Hugo Chavez has used the windfall of high oil prices to remake Venezuela internally along the model of 21st-century socialism and, even more audaciously, to rewrite global relations by directly challenging U.S. hegemony. The dramatic ascendency of the country in hemispheric and global international relations over the past decade is the subject of this title.

Venezuela

Author : Miguel Tinker Salas
Publisher : Oxford University Press
ISBN 13 : 0199790531
Total Pages : 265 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 265 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.

The Magical State

Author : Fernando Coronil
Publisher : University of Chicago Press
ISBN 13 : 9780226116013
Total Pages : 480 pages
Book Rating : 4.1/5 (16 download)

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Book Synopsis The Magical State by : Fernando Coronil

Download or read book The Magical State written by Fernando Coronil and published by University of Chicago Press. This book was released on 1997-11-10 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1935, after the death of dictator General Juan Vicente Gómez, Venezuela consolidated its position as the world's major oil exporter and began to establish what today is South America's longest-lasting democratic regime. Endowed with the power of state oil wealth, successive presidents appeared as transcendent figures who could magically transform Venezuela into a modern nation. During the 1974-78 oil boom, dazzling development projects promised finally to effect this transformation. Yet now the state must struggle to appease its foreign creditors, counter a declining economy, and contain a discontented citizenry. In critical dialogue with contemporary social theory, Fernando Coronil examines key transformations in Venezuela's polity, culture, and economy, recasting theories of development and highlighting the relevance of these processes for other postcolonial nations. The result is a timely and compelling historical ethnography of political power at the cutting edge of interdisciplinary reflections on modernity and the state.

Financial Crisis Management and Democracy

Author : Bettina De Souza Guilherme
Publisher : Springer Nature
ISBN 13 : 3030548953
Total Pages : 372 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Financial Crisis Management and Democracy by : Bettina De Souza Guilherme

Download or read book Financial Crisis Management and Democracy written by Bettina De Souza Guilherme and published by Springer Nature. This book was released on 2020-12-09 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book discusses financial crisis management and policy in Europe and Latin America, with a special focus on equity and democracy. Based on a three-year research project by the Jean Monnet Network, this volume takes an interdisciplinary, comparative approach, analyzing both the role and impact of the EU and regional organizations in Latin America on crisis management as well as the consequences of crisis on the process of European integration and on Latin America’s regionalism. The book begins with a theoretical introduction, exploring the effects of the paradigm change on economic policies in Europe and in Latin America and analyzing key systemic aspects of the unsustainability of the present economic system explaining the global crises and their interconnections. The following chapters are divided into sections. The second section explores aspects of regional governance and how the economic and financial crises were managed on a macro level in Europe and Latin America. The third and fourth sections use case studies to drill down to the impact of the crises at the national and regional levels, including the emergence of political polarization and rise in populism in both areas. The last section presents proposals for reform, including the transition from finance capitalism to a sustainable real capitalism in both regions and at the inter-regional level of EU-LAC relations.The volume concludes with an epilogue on financial crises, regionalism, and domestic adjustment by Loukas Tsoukalis, President of the Hellenic Foundation for European and Foreign Policy (ELIAMEP). Written by an international network of academics, practitioners and policy advisors, this volume will be of interest to researchers and students interested in macroeconomics, comparative regionalism, democracy, and financial crisis management as well as politicians, policy advisors, and members of national and regional organizations in the EU and Latin America.