Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Venezuelas Economic Crisis
Download Venezuelas Economic Crisis full books in PDF, epub, and Kindle. Read online Venezuelas Economic Crisis ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
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.
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 0 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.
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.
Author :Congressional Service Publisher :Createspace Independent Publishing Platform ISBN 13 :9781983825835 Total Pages :24 pages Book Rating :4.8/5 (258 download)
Book Synopsis Venezuela's Economic Crisis by : Congressional Service
Download or read book Venezuela's Economic Crisis written by Congressional Service and published by Createspace Independent Publishing Platform. This book was released on 2018-01-13 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Venezuela is facing a political crisis under the authoritarian rule of President Nicol�s Maduro, who appears to have continued to consolidate power over the political opposition in recent months. Underpinning Venezuela's political crisis is an economic crisis. Venezuela is a major oil producer and exporter, and the 2014 crash in oil prices, combined with years of economic mismanagement, hit Venezuela's economy hard. Venezuela's economy has contracted by 35% since 2013, a larger contraction than experienced by the United States during the Great Depression. Venezuela is struggling with inflation, shortages of food and medicine, substantial budget deficits, and deteriorating living conditions with significant humanitarian consequences.In response to the Maduro regime's increasingly undemocratic actions, the Trump Administration imposed sanctions restricting Venezuela's access to U.S. financial markets in August 2017, increasing fiscal pressure on the government. In November 2017, the Venezuelan government announced it would seek to restructure its debt. The government and state-oil company, Petr�leos de Venezuela, S.A. (PdVSA), subsequently missed key bond payments, leading credit rating agencies to issue default notices. Debt restructuring is expected to be a long and complex process, and it is unclear whether Venezuela will make coming debt repayments. The outlook for the economy is bleak; the Economist Intelligence Unit forecasts the Venezuelan economy will contract by 11.9% in 2018.Implications for U.S. Economic InterestsThe political crisis in Venezuela and low oil prices have contributed to a contraction in U.S.-Venezuela trade. Venezuela is a relatively minor trading partner of the United States; the contraction in bilateral trade is more consequential for Venezuela, for which the United States is its largest trading partner. In response to the political and economic instability, several large U.S. companies have left Venezuela or curtailed operations there.U.S. investors holding Venezuelan and PdVSA bonds could face substantial losses if Venezuela suspends payment or seeks an aggressive restructuring of its debt. Bondholders are in the early stages of organizing to enter restructuring negotiations and/or pursue legal challenges against the Venezuelan government. Venezuelan dollar-denominated bonds were issued under New York law, and bondholder lawsuits seeking repayment would take place in U.S. courts. Legal challenges could result in the seizure of Venezuela's assets in the United States, such as CITGO (whose parent company is PdVSA), oil exports, and cash payments for oil exports.Venezuela's precarious fiscal position also raises concerns for U.S. energy security. In 2016, Venezuela's state oil company PdVSA secured a loan from the Russian state-oil company Rosneft. PdVSA used 49.9% of its shares in CITGO as collateral. If PdVSA defaults on its Rosneft loan, it is not clear whether Venezuela's portion of CITGO ownership would be transferred to Rosneft. Reportedly, Rosneft is negotiating to swap its collateral in CITGO for other PdVSA assets.Looking AheadCongress is considering providing humanitarian aid to Venezuela through nongovernmental organizations. If the Maduro government or a new government in Venezuela engages in a significant reorientation of policy, U.S. policymakers may be interested in providing broader economic support to rebuild Venezuela's economy. Policymakers might explore how the international community, particularly the International Monetary Fund (IMF), could provide an international financial assistance package, and whether debt incurred by the National Constituent Assembly, widely viewed as an illegitimate legislature, should be enforced. If the Maduro regime stays in power and does not reorient its policies, the United States may revisit its policies and potentially pursue harsher sanctions.
Book Synopsis Dragon in the Tropics by : Javier Corrales
Download or read book Dragon in the Tropics written by Javier Corrales and published by Brookings Institution Press. This book was released on 2015-02-25 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This new and expanded edition of Dragon in the Tropics—the widely acclaimed account of how president Hugo Chávez (1999–2013) revamped Venezuela’s political economy—examines the electoral decline of Chavismo after Chavez’s death and the policies adopted by his successor, Nicolás Maduro, to cope with the economic chaos inherited from previous radical populist policies. Corrales and Penfold argue that Maduro has had to struggle with the inherent contradictions of a large and heterogeneous social coalition, a declining oil sector, the strength of entrenched military interests, and fewer resources to appease international allies, which have strenghtened the autocratic features of an already consolidated hybrid regime. In examining the new political realities of Venezuela, the authors offer lessons on the dynamics of succession in hybrid regimes. This book is a must-read for scholars and analysts of Latin America. "
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
Download or read book Crude Nation written by Ral Gallegos and published by U of Nebraska Press. This book was released on 2016-10-01 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Crude Nation tells the story of how ruinous mismanagement has resulted in the economic implosion of Venezuela, the country with the largest oil reserves in the world"--
Book Synopsis Autocracy Rising by : Javier Corrales
Download or read book Autocracy Rising written by Javier Corrales and published by Brookings Institution Press. This book was released on 2023-02-06 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: How Nicolás Maduro reinvented authoritarianism for the twenty-first centurVenezuela, which once enjoyed periods of democratically elected governments in the latter half of the twentieth century, has descended into autocratic rule, coupled with economic collapse. In his new book, Autocracy Rising, veteran scholar of Latin American politics Javier Corrales explores how and why this happened. Corrales focuses on two themes: party systems and institutional capacity. He argues that Venezuela’s democratic backsliding advanced when the ruling party obtained far too much electoral clout while the opposition fragmented. The state then took control of formerly independent agencies of the state. This allowed the ruling party to use and abuse of the law to favor the president—which in turn generated a permanent economic crisis. After succeeding Hugo Chávez in 2013, Nicolás Maduro confronted, unexpectedly, another change in the party system: a rising opposition. This triggered deeper autocratization. To survive, the state was compelled to modernize autocratic practices and seek alliances with sinister partners. In short, Maduro concentrated power, paradoxically, by sharing power. Autocracy Rising compares what occurred in Venezuela to twenty other cases throughout Latin America where presidents were forced out of office. Corrales illuminates the depressing cycle in which semi-authoritarian regimes become increasingly autocratic in response to crisis, only to cause new crises that lead to even greater authoritarianism.
Download or read book Venezuela written by Lorena Bradley and published by . This book was released on 2018-07-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The death of Venezuelan President Hugo Chavez on March 5th 2013 after 14 years of populist rule, has implications not only for Venezuela's political future, but potentially for the future of US - Venezuelan relations. This book provides a brief discussion of those implications. Venezuela is facing a political crisis under the authoritarian rule of President Nicolas Maduro, who appears to have continued to consolidate power over the political opposition in recent months. Underpinning Venezuela's political crisis is an economic crisis. Venezuela is a major oil producer and exporter, and the 2014 crash in oil prices, combined with years of economic mismanagement, hits Venezuela's economy hard. This book analyses the current economic crisis in Venezuela, arguably the most acute crisis in the global economy today, including the causes, policy responses by the government and recent developments. It also examines how the crisis affects US economic interests, including US investor's holdings of Venezuelan bonds, Venezuelan assets in the United States, US - Venezuelan trade and direct investment, and possible future involvement of the International Monetary Fund (IMF) in the crisis.
Book Synopsis Venezuela's Economic Collapse 2020 by : Economic Collapse
Download or read book Venezuela's Economic Collapse 2020 written by Economic Collapse and published by . This book was released on 2020-04-30 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: The crumbling of Venezuela's economy has now outpaced all economic disasters in modern history. Venezuela's fall is the single largest economic collapse outside of war in at least 45 years, economists say."It's really hard to think of a human tragedy of this scale outside civil war," said Kenneth Rogoff, an economics professor at Harvard University and former chief economist at the International Monetary Fund. "This will be a touchstone of disastrous policies for decades to come."To find similar levels of economic devastation, economists at the I.M.F. pointed to countries that were ripped apart by war, like Libya earlier this decade or Lebanon in the 1970s.But Venezuela, at one point Latin America's wealthiest country, has not been shattered by armed conflict. Instead, economists say, the poor governance, corruption and misguided policies of President Nicolás Maduro and his predecessor, Hugo Chávez, have fueled runaway inflation, shuttered businesses and brought the country to its knees. And in recent months, the Trump administration has imposed stiff sanctions to try to cripple it further.As the country's economy plummeted, armed gangs took control of entire towns, public services collapsed and the purchasing power of most Venezuelans has been reduced to a couple of kilograms of flour a month.In markets, butchers hit by regular blackouts jostle to sell decomposing stock by sunset. Former laborers scavenge through garbage piles for leftovers and recyclable plastic. Dejected retailers make dozens of trips to the bank in hopes of depositing several pounds' worth of bills made worthless by hyperinflation.Here in Maracaibo, a city of two million on the border with Colombia, nearly all of the butchers in the main market have stopped selling meat cuts in favor of offal and leftovers like fat shavings and cow hooves, the only animal protein many of their customers can still afford.The crisis has been compounded by American sanctions intended to force Mr. Maduro to cede power to the nation's opposition leader, Juan Guaidó. The Trump administration's recent sanctions on Venezuela's state oil company have made it difficult for the government to sell its main commodity, oil. Together with the American ban on trading Venezuelan bonds, the administration has made it harder for Venezuela to import any goods, including food and medication.Mr. Maduro blames the widespread hunger and lack of medical supplies on the United States and its opposition allies - but most independent economists say the recession began years before the sanctions, which at most accelerated the collapse."We are fighting a savage battle against international sanctions that have made Venezuela lose at least $20 billion in 2018," Mr. Maduro told supporters in a recent speech. "They are pursuing our bank accounts, our purchases abroad of any products. It's more than a blockade, it's persecution."Shortages have sunk much of the population in a deepening humanitarian crisis, though a core group of military top brass and high-level officials who remain loyal to Mr. Maduro are able to tap into the remaining resources to survive - or even enrich themselves through illicit means.Oil is collapsing and things are about to get monumentally worse for Venezuelans. Learn everything you need to know in this book.
Book Synopsis Venezuela, the Present as Struggle by : Cira Pascual Marquina
Download or read book Venezuela, the Present as Struggle written by Cira Pascual Marquina and published by Monthly Review Press. This book was released on 2020-10-29 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reveals the revolutionary power of the Chavista grassroots movement Venezuela has been the stuff of frontpage news extravaganzas, especially since the death of Hugo Chavez. With predictable bias, mainstream media focus on violent clashes between opposition and government, coup attempts, hyperinflation, U.S. sanctions, and massive immigration. What is less known, however, is the story of what the Venezuelan people – especially the Chavista masses – do and think in these times of social emergency. Denying us their stories comes at a high price to people everywhere, because the Chavista bases are the real motors of the Bolivarian revolution. This revolutionary grassroots movement still aspires to the communal path to socialism that Chavez refined in his last years. Venezuela, the Present as Struggle is an eloquent testament to their lives. Comprised of a series of compelling interviews conducted by Cira Pascual Marquina, professor at the Bolivarian University, and contextualized by author Chris Gilbert, the book seeks to open a window on grassroots Chavismo itself in the wake of Chavez’s death. Feminist and housing activists, communards, organic intellectuals, and campesinos from around the country speak up in their own voices, defending the socialist project and pointing to what they see as revolutionary solutions to Venezuela’s current crisis. If the Venezuelan government has shown an impressive capacity to resist imperialism, it is the Chavista grassroots movement, as this book shows, that actually defends socialism as the only coherent project of national liberation.
Book Synopsis The Paradox of Plenty by : Terry Lynn Karl
Download or read book The Paradox of Plenty written by Terry Lynn Karl and published by Univ of California Press. This book was released on 1997-10-10 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: In these countries, dependence on petroleum leads to disproportionate fiscal reliance on petrodollars and public spending, at the expense of statecraft.
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.
Book Synopsis Hugo Chavez and the Bolivarian Revolution by : Richard Gott
Download or read book Hugo Chavez and the Bolivarian Revolution written by Richard Gott and published by Verso Books. This book was released on 2011-07-05 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authoritative first-hand account of contemporary Venezuela, Hugo Chávez places the country’s controversial and charismatic president in historical perspective, and examines his plans and programs. Welcomed in 1999 by the inhabitants of the teeming shanty towns of Caracas as their potential savior, and greeted by Washington with considerable alarm, this former golpista-turned-democrat took up the aims and ambitions of Venezuela’s liberator, Simón Bolívar. Now in office for over a decade, President Chávez has undertaken the most wide-ranging transformation of oil-rich Venezuela for half a century, and dramatically affected the political debate throughout Latin America. In this updated edition, Richard Gott reflects on the achievements of the Bolivarian revolution, and the challenges that lie ahead.
Book Synopsis China on the Ground in Latin America by : E. Ellis
Download or read book China on the Ground in Latin America written by E. Ellis and published by Springer. This book was released on 2014-09-04 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the new physical presence of Chinese companies operating in Latin America and the Caribbean, the associated challenges that they face, and how they are impacting the region and its relationship with the PRC.
Book Synopsis The Day After in Venezuela: Delivering Security and Dispensing Justice by : Paul J. Angelo
Download or read book The Day After in Venezuela: Delivering Security and Dispensing Justice written by Paul J. Angelo and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Venezuelan Democracy Under Stress by : Jennifer McCoy
Download or read book Venezuelan Democracy Under Stress written by Jennifer McCoy and published by . This book was released on 1995 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The seriousness of the crisis became evident with two abortive military coups in 1992 and the suspension of Carlos Andres Perez's presidential term in 1994.
