The Rise and Fall of the Oil Nation Venezuela

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Author :
Publisher : Springer Nature
ISBN 13 : 3031346602
Total Pages : 574 pages
Book Rating : 4.0/5 (313 download)

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Book Synopsis The Rise and Fall of the Oil Nation Venezuela by : Carlos A. Rossi

Download or read book The Rise and Fall of the Oil Nation Venezuela written by Carlos A. Rossi and published by Springer Nature. This book was released on 2023-12-28 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Crude Nation

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Publisher : U of Nebraska Press
ISBN 13 : 1612348599
Total Pages : 256 pages
Book Rating : 4.6/5 (123 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 U of Nebraska Press. This book was released on 2016-10 with total page 256 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.

The Enduring Legacy

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Author :
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.

Venezuela Before Chávez

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Author :
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.

Venezuela: Oil Transforms a Nation

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Author :
Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Venezuela: Oil Transforms a Nation by : United States. Department of State. Office of Public Affairs

Download or read book Venezuela: Oil Transforms a Nation written by United States. Department of State. Office of Public Affairs and published by . This book was released on 1953 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Venezuela

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Author :
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 Rise and Fall of OPEC in the Twentieth Century

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Author :
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.

Oil and Development in Venezuela During the 20th Century

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Author :
Publisher : Praeger
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.:/5 (318 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 Praeger. This book was released on 2004-05-30 with total page 304 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.

Comandante

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Publisher : Penguin Books
ISBN 13 : 0143124889
Total Pages : 326 pages
Book Rating : 4.1/5 (431 download)

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Book Synopsis Comandante by : Rory Carroll

Download or read book Comandante written by Rory Carroll and published by Penguin Books. This book was released on 2014-02-25 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes the leadership of Venezuela's elected president, Hugo Chávez, and his efforts to transform his country and paints a picture of his life based on interviews with ministers, aides, courtiers, and everyday citizens.

The Magical State

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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.

The Rise and Fall of Nations: Forces of Change in the Post-Crisis World

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Publisher : W. W. Norton & Company
ISBN 13 : 0393248909
Total Pages : 352 pages
Book Rating : 4.3/5 (932 download)

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Book Synopsis The Rise and Fall of Nations: Forces of Change in the Post-Crisis World by : Ruchir Sharma

Download or read book The Rise and Fall of Nations: Forces of Change in the Post-Crisis World written by Ruchir Sharma and published by W. W. Norton & Company. This book was released on 2016-06-06 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Bestseller "Quite simply the best guide to the global economy today." —Fareed Zakaria Shaped by his twenty-five years traveling the world, and enlivened by encounters with villagers from Rio to Beijing, tycoons, and presidents, Ruchir Sharma’s The Rise and Fall of Nations rethinks the "dismal science" of economics as a practical art. Narrowing the thousands of factors that can shape a country’s fortunes to ten clear rules, Sharma explains how to spot political, economic, and social changes in real time. He shows how to read political headlines, black markets, the price of onions, and billionaire rankings as signals of booms, busts, and protests. Set in a post-crisis age that has turned the world upside down, replacing fast growth with slow growth and political calm with revolt, Sharma’s pioneering book is an entertaining field guide to understanding change in this era or any era.

From Windfall to Curse?

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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.

Things Are Never So Bad That They Can't Get Worse

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Publisher : St. Martin's Press
ISBN 13 : 1250266173
Total Pages : 237 pages
Book Rating : 4.2/5 (52 download)

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Book Synopsis Things Are Never So Bad That They Can't Get Worse by : William Neuman

Download or read book Things Are Never So Bad That They Can't Get Worse written by William Neuman and published by St. Martin's Press. This book was released on 2022-03-15 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: Named Foreign Affairs Best Books of 2022 and the National Endowment for Democracy Notable Books of 2022 "Richly reported...a thorough and important history." -Tim Padgett, The New York Times A nuanced and deeply-reported account of the collapse of Venezuela, and what it could mean for the rest of the world. Today, Venezuela is a country of perpetual crisis—a country of rolling blackouts, nearly worthless currency, uncertain supply of water and food, and extreme poverty. In the same land where oil—the largest reserve in the world—sits so close to the surface that it bubbles from the ground, where gold and other mineral resources are abundant, and where the government spends billions of dollars on public works projects that go abandoned, the supermarket shelves are bare and the hospitals have no medicine. Twenty percent of the population has fled, creating the largest refugee exodus in the world, rivaling only war-torn Syria’s crisis. Venezuela’s collapse affects all of Latin America, as well as the United States and the international community. Republicans like to point to Venezuela as the perfect example of the emptiness of socialism, but it is a better model for something else: the destructive potential of charismatic populist leadership. The ascent of Hugo Chávez was a precursor to the emergence of strongmen that can now be seen all over the world, and the success of the corrupt economy he presided over only lasted while oil sold for more than $100 a barrel. Chávez’s regime and policies, which have been reinforced under Nicolás Maduro, squandered abundant resources and ultimately bankrupted the country. Things Are Never So Bad That They Can’t Get Worse is a fluid combination of journalism, memoir, and history that chronicles Venezuela’s tragic journey from petro-riches to poverty. Author William Neuman witnessed it all firsthand while living in Caracas and serving as the New York Times Andes Region Bureau Chief. His book paints a clear-eyed, riveting, and highly personal portrait of the crisis unfolding in real time, with all of its tropical surrealism, extremes of wealth and suffering, and gripping drama. It is also a heartfelt reflection of the country’s great beauty and vibrancy—and the energy, passion, and humor of its people, even under the most challenging circumstances.

Grassroots Politics and Oil Culture in Venezuela

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Author :
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.

Aspects of Venezuel

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Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis Aspects of Venezuel by : Venezuela. Dirección Nacional de Información

Download or read book Aspects of Venezuel written by Venezuela. Dirección Nacional de Información and published by . This book was released on 1964 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Oil Revolution

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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.

Oil and Development in Venezuela During the Twentieth Century

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Author :
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.