Venezuela – Dimensions of the Crisis

Venezuela – Dimensions of the Crisis
Author: Miguel Angel Latouche
Publisher: Springer Nature
Total Pages: 220
Release: 2023-01-14
Genre: Political Science
ISBN: 3031218892

The book is devoted to the subject of Venezuela's politics and the different dimensions of its longstanding crisis, with various researchers exchanging ideas on the current problems affecting the country. It is the first comprehensive overview on the dimensions of Venezuela’s current crisis written in English, thus filling an important research gap. Especially the participation of international, well-known scholars make it a global enterprise. The book covers historical and theoretical facts surrounding the case of Venezuela and also focuses on the parties and actors that play decisive roles in the conflict. Subjects include the military, public administration, ideology, the opposition, the party landscape along with its crisis and Venezuela's oil policy. Furthermore the book touches upon international and regional aspects: Venezuela's diplomatic relations with the EU, the USA, Cuba and Colombia, respectively. The volume addresses a wider audience, such as scholars on Latin American and especially Venezuelan Politics, International Relations, as well as an interested public, including journalists and politicians.

Financial Crisis Management and Democracy

Financial Crisis Management and Democracy
Author: Bettina De Souza Guilherme
Publisher: Springer Nature
Total Pages: 372
Release: 2020-12-09
Genre: Business & Economics
ISBN: 3030548953

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.

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

Things Are Never So Bad That They Can't Get Worse
Author: William Neuman
Publisher: St. Martin's Press
Total Pages: 0
Release: 2022-03-15
Genre: Business & Economics
ISBN: 1250266165

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.

Venezuela Before Chávez

Venezuela Before Chávez
Author: Ricardo Hausmann
Publisher: Penn State Press
Total Pages: 549
Release: 2015-06-13
Genre: History
ISBN: 0271064641

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 Unraveling of Representative Democracy in Venezuela

The Unraveling of Representative Democracy in Venezuela
Author: Jennifer L. McCoy
Publisher: JHU Press
Total Pages: 380
Release: 2006-03
Genre: Business & Economics
ISBN: 9780801884283

For four decades, Venezuela prided itself for having one of the most stable representative democracies in Latin America. Then, in 1992, Hugo Chávez Frías attempted an unsuccessful military coup. Six years later, he was elected president. Once in power, Chávez redrafted the 1961 constitution, dissolved the Congress, dismissed judges, and marginalized rival political parties. In a bid to create direct democracy, other Latin American democracies watched with mixed reactions: if representative democracy could break down so quickly in Venezuela, it could easily happen in countries with less-established traditions. On the other hand, would Chávez create a new form of democracy to redress the plight of the marginalized poor? In this volume of essays, leading scholars from Venezuela and the United States ask why representative democracy in Venezuela unraveled so swiftly and whether it can be restored. Its thirteen chapters examine the crisis in three periods: the unraveling of Punto Fijo democracy; Chávez's Bolivarian Revolution; and the course of "participatory democracy" under Chávez. The contributors analyze such factors as the vulnerability of Venezuelan democracy before Chávez; the role of political parties, organized labor, the urban poor, the military, and businessmen; and the impact of public and economic policy. This timely volume offers important lessons for comparative regime change within hybrid democracies. Contributors: Damarys Canache, Florida State University; Rafael de la Cruz, Inter-American Development Bank; José Antonio Gil, Yepes Datanalisis; Richard S. Hillman, St. John Fisher College; Janet Kelly, Graduate Institute of Business, Caracas; José E. Molina, University of Zulia; Mosés Naím, Foreign Policy; Nelson Ortiz, Caracas Stock Exchange; Pedro A. Palma, Graduate Institute of Business, Caracas; Carlos A. Romero and Luis Salamanca, Central University of Venezuela; Harold Trinkunas, Naval Postgraduate School.

Dragon in the Tropics

Dragon in the Tropics
Author: Javier Corrales
Publisher: Rowman & Littlefield
Total Pages: 209
Release: 2011-02-01
Genre: History
ISBN: 0815705026

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.

Tides of Revolution

Tides of Revolution
Author: Cristina Soriano
Publisher: University of New Mexico Press
Total Pages: 336
Release: 2018
Genre: History
ISBN: 0826359868

Winner of the 2019 Bolton-Johnson Prize from the Conference on Latin American History This is a book about the links between politics and literacy, and about how radical ideas spread in a world without printing presses. In the late eighteenth and early nineteenth centuries, Spanish colonial governments tried to keep revolution out of their provinces. But, as Cristina Soriano shows, hand-copied samizdat materials from the Caribbean flooded the cities and ports of Venezuela, hundreds of foreigners shared news of the French and Haitian revolutions with locals, and Venezuelans of diverse social backgrounds met to read hard-to-come-by texts and to discuss the ideas they expounded. These networks efficiently spread antimonarchical propaganda and abolitionist and egalitarian ideas, allowing Venezuelans to participate in an incipient yet vibrant public sphere and to contemplate new political scenarios. This book offers an in-depth analysis of one of the crucial processes that allowed Venezuela to become one of the first regions in Spanish America to declare independence from Iberia and turn into an influential force for South American independence.

Channeling the State

Channeling the State
Author: Naomi Schiller
Publisher: Duke University Press
Total Pages: 276
Release: 2018-10-12
Genre: Social Science
ISBN: 1478002522

Venezuela's most prominent community television station, Catia TVe, was launched in 2000 by activists from the barrios of Caracas. Run on the principle that state resources should serve as a weapon of the poor to advance revolutionary social change, the station covered everything from Hugo Chávez’s speeches to barrio residents' complaints about bureaucratic mismanagement. In Channeling the State, Naomi Schiller explores how and why Catia TVe's founders embraced alliances with Venezuelan state officials and institutions. Drawing on long-term ethnographic research among the station's participants, Schiller shows how community television production created unique openings for Caracas's urban poor to embrace the state as a collective process with transformative potential. Rather than an unchangeable entity built for the exercise of elite power, the state emerges in Schiller's analysis as an uneven, variable process and a contentious terrain where institutions are continuously made and remade. In Venezuela under Chávez, media activists from poor communities did not assert their autonomy from the state but rather forged ties with the middle class to question whose state they were constructing and who it represented.

Comandante

Comandante
Author: Rory Carroll
Publisher: Penguin Books
Total Pages: 326
Release: 2014-02-25
Genre: Biography & Autobiography
ISBN: 0143124889

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.

Venezuela's Chavismo and Populism in Comparative Perspective

Venezuela's Chavismo and Populism in Comparative Perspective
Author: Kirk A. Hawkins
Publisher: Cambridge University Press
Total Pages: 305
Release: 2010-04-12
Genre: Political Science
ISBN: 052176503X

This book examines the populist movement of Hugo Chávez in Venezuela and argues that populism is primarily a response to widespread corruption. It defends a definition of populism as a set of ideas and measures populism across Venezuela and other countries. It also explores the influence of populist ideas on political organization and policy.