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Venezuela Before Chávez: Anatomy of an Economic Collapse

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 | #675806 in eBooks |  2014-01-27 |  2014-01-27 | File type: PDF

||1 of 1 people found the following review helpful.| but not an easy read for an economics/social science novice|By Helen H|Very interesting and informative. I found it nearly impossible to follow the arguments without having Google handy for economics terminology help, and even then it was not always clear. Definitely worth the effort in the end, but not an easy read for an economics/social science novice.|0 of 1 people found t| |“Venezuela Before Chávez is not just a product of scrupulous academic research. It is also, as the authors understand—and as present circumstances in the country attest—a helpful and coherent guide for those who devise policie

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 dras...

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