Venezuela Before Chávez

Anatomy of an Economic Collapse

Häftad, Engelska, 2015

AvRicardo Hausmann,Francisco R. Rodríguez

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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.

Produktinformation

Utgivningsdatum2015-06-15
Mått156 x 234 x 20 mm
Vikt680 g
FormatHäftad
SpråkEngelska
Antal sidor488
FörlagPennsylvania State University Press
ISBN9780271056326

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Ricardo Hausmann is Professor of the Practice of Economic Development and Director of the Center for International Development at Harvard University’s Kennedy School of Government. He served as Venezuela’s Minister of Planning in 1992–93. Francisco R. Rodríguez is Chief Andean Economist at Bank of America Merrill Lynch. From 2000 to 2004 he served as Chief Economist of the Venezuelan National Assembly.

ContentsList of FiguresList of TablesChapter 1: Introduction Ricardo Hausmann and Francisco RodríguezChapter 2: Why Did Venezuelan Growth Collapse?Ricardo Hausmann and Francisco RodríguezChapter 3: Venezuela After A Century of Oil ExploitationOsmel ManzanoChapter 4: Public Investment and Productivity Growth in the Venezuelan Manufacturing IndustryJosé Pineda and Francisco RodríguezChapter 5: The Incidence of Labor Market Reforms on Employment in the Venezuelan Manufacturing Sector 1995–2001Omar Bello and Adriana Bermúdez Chapter 6: Understanding Economic Growth in Venezuela: 1970–2005 The Real Effects of a Financial CollapseMatías BraunChapter 7: Much Higher Schooling, Much Lower Wages: Human Capital and Economic Collapse in VenezuelaDaniel Ortega and Lant PritchettChapter 8: Income Distribution and Redistribution in VenezuelaSamuel FreijeChapter 9: Competing for Jobs or Creating Jobs? The Impact of Immigration on Native-Born Unemployment in Venezuela, 1980-2003Dan Levy and Dean YangChapter 10: Sleeping in the Bed One Makes: The Venezuelan Fiscal Policy Response to the Oil BoomMaría Antonia Moreno and Cameron A. SheltonChapter 11: Institutional Collapse: The Rise and Decline of Democratic Governance in VenezuelaFrancisco Monaldi and Michael PenfoldChapter 12: The Political Economy of Industrial Policy in VenezuelaJonathan Di JohnChapter 13: Explaining Chavismo: The Unexpected Alliance of Radical Leftists and the Military in Venezuela under Hugo Chávez Javier CorralesChapter 14: Oil, Macro Volatility and Crime in the Determination of Beliefs in VenezuelaRafael Di Tella, Javier Donna, and Robert MacCullochChapter 15: Understanding the Collapse: Venezuela’s Experience in Cross-National PerspectiveRicardo Hausmann and Francisco RodríguezList of ContributorsIndex