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Academic Term Papers Catalog ECONOMIC POLICY IN VENEZUELA, 1989-1996.
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| 12430. ECONOMIC POLICY IN VENEZUELA, 1989-1996. Detailed political and economic history of the little-known story of Venezeula's descent into economic hell, and the slow road back. Includes basic statistics and history of Venezuela from colonial times, the development of the oil economy from the 1920's to the 80's (and how the oil riches were seldom spent productively). Very detailed study of post-1989 attempts to end inflation and provide economic stability, including both politics and economics: reform, coups, protests, and stagnation under President Perez 1989-93, bank collapse, emergency measures including wage, price and capital controls, and renewed attempts at reform and reconciliation with the IMF under President Caldera 1994-96. Conclusion stresses the difference between income and wealth, the necessity for a positive political context behind economic orthodoxy, and how the tens of billions of dollars of graft and corruption among the upper classes were much more responsible for Venezuela's problems than the hundreds of millions of dollars of subsidies for working class consumption. 24p., 234b., 38f. | $133 |
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