From Windfall to Curse?: Oil and Industrialization in Venezuela, 1920 to the Present
4.5/5
()
About this ebook
Since the discovery of abundant oil resources in the 1920s, Venezuela has had an economically privileged position among the nations of Latin America, which has led to its being treated by economic and political analysts as an exceptional case. In her well-known study of Venezuela’s political economy, The Paradox of Plenty (1997), Stanford political scientist Terry Karl argued that this oil wealth induced extraordinary corruption, rent-seeking, and centralized intervention that resulted in restricting productivity and growth. What this and other studies of Venezuela’s economy fail to explain, however, is how such conditions have accompanied both growth and stagnation at different periods of Venezuela’s history and why countries experiencing similar levels of corruption and rent-seeking produce divergent developmental outcomes.
By investigating the record of economic development in Venezuela from 1920 to the present, Jonathan Di John shows that the key to explaining why the economy performed much better between 1920 and 1980 than in the post-1980 period is to understand how political strategies interacted with economic strategies—specifically, how politics determined state capacity at any given time and how the stage of development and development strategies affected the nature of political conflicts. In emphasizing the importance of an approach that looks at the political economy, not just at the economy alone, Di John advances the field methodologically while he contributes to a long-needed history of Venezuela’s economic performance in the twentieth century.
Related to From Windfall to Curse?
Related ebooks
Venezuela Before Chávez: Anatomy of an Economic Collapse Rating: 1 out of 5 stars1/5Do Deficits Matter? Rating: 5 out of 5 stars5/5Class War?: What Americans Really Think about Economic Inequality Rating: 3 out of 5 stars3/5The Governance of Small States in Turbulent Times: The Exemplary Cases of Norway and Slovakia Rating: 0 out of 5 stars0 ratingsCan Governments Learn?: American Foreign Policy and Central American Revolutions Rating: 0 out of 5 stars0 ratingsThe Tropical Silk Road: The Future of China in South America Rating: 0 out of 5 stars0 ratingsThe Fence: National Security, Public Safety, and Illegal Immigration along the U.S.–Mexico Border Rating: 0 out of 5 stars0 ratingsA Modern Migration Theory: An Alternative Economic Approach to Failed EU Policy Rating: 0 out of 5 stars0 ratingsUnwitting Architect: German Primacy and the Origins of Neoliberalism Rating: 0 out of 5 stars0 ratingsDeveloping Country Debt and Economic Performance, Volume 1: The International Financial System Rating: 0 out of 5 stars0 ratingsNormalized Financial Wrongdoing: How Re-regulating Markets Created Risks and Fostered Inequality Rating: 0 out of 5 stars0 ratingsFacing the Challenge of Democracy: Explorations in the Analysis of Public Opinion and Political Participation Rating: 0 out of 5 stars0 ratingsIn the Long Run We Are All Dead: Keynesianism, Political Economy, and Revolution Rating: 4 out of 5 stars4/5Faith-Based Schools in Latin America Rating: 0 out of 5 stars0 ratingsPolitics and Economics in the Eighties Rating: 0 out of 5 stars0 ratingsRenminbi Rising: A New Global Monetary System Emerges Rating: 0 out of 5 stars0 ratingsInequality and Prosperity: Social Europe vs. Liberal America Rating: 4 out of 5 stars4/5The Sri Lankan Economy: Charting A New Course Rating: 0 out of 5 stars0 ratingsPacioli's Gift or Bernanke's Curse? Rating: 0 out of 5 stars0 ratingsConfronting the Weakest Link: Aiding Political Parties in New Democracies Rating: 0 out of 5 stars0 ratingsWhat Are Western Values?: Superior Values Or Superior Military? Rating: 0 out of 5 stars0 ratingsBeyond the Crash: Overcoming the First Crisis of Globalization Rating: 4 out of 5 stars4/5The Economics of Climate Change: Adaptations Past and Present Rating: 0 out of 5 stars0 ratingsDemocracy and Trade Policy in Developing Countries Rating: 0 out of 5 stars0 ratingsMonetarism, Populism, Keynesianism: a productivity matter. And a way out. Rating: 0 out of 5 stars0 ratingsThe Rise and Fall of the Miraculous Welfare Machine: Immigration and Social Democracy in Twentieth-Century Sweden Rating: 0 out of 5 stars0 ratingsStrategies for Peace: Contributions of International Organizations, States, and Non-State Actors Rating: 0 out of 5 stars0 ratingsRuling Capital: Emerging Markets and the Reregulation of Cross-Border Finance Rating: 4 out of 5 stars4/5Democracy From Above?: The Unfulfilled Promise of Nationally Mandated Participatory Reforms Rating: 0 out of 5 stars0 ratingsIn Pursuit of Health Equity: A History of Latin American Social Medicine Rating: 0 out of 5 stars0 ratings
Politics For You
The Prince Rating: 4 out of 5 stars4/5Why I’m No Longer Talking to White People About Race: The Sunday Times Bestseller Rating: 4 out of 5 stars4/5Daily Stoic: A Daily Journal On Meditation, Stoicism, Wisdom and Philosophy to Improve Your Life Rating: 5 out of 5 stars5/5The Parasitic Mind: How Infectious Ideas Are Killing Common Sense Rating: 4 out of 5 stars4/5The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health Rating: 4 out of 5 stars4/5Elite Capture: How the Powerful Took Over Identity Politics (And Everything Else) Rating: 5 out of 5 stars5/5This Is How They Tell Me the World Ends: The Cyberweapons Arms Race Rating: 4 out of 5 stars4/5No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State Rating: 4 out of 5 stars4/5Killing the SS: The Hunt for the Worst War Criminals in History Rating: 4 out of 5 stars4/5The Girl with Seven Names: A North Korean Defector’s Story Rating: 4 out of 5 stars4/5The U.S. Constitution with The Declaration of Independence and The Articles of Confederation Rating: 5 out of 5 stars5/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Fear: Trump in the White House Rating: 4 out of 5 stars4/5The Great Reset: And the War for the World Rating: 4 out of 5 stars4/5The January 6th Report Rating: 4 out of 5 stars4/5The Republic by Plato Rating: 4 out of 5 stars4/5The Gulag Archipelago [Volume 1]: An Experiment in Literary Investigation Rating: 4 out of 5 stars4/5Speechless: Controlling Words, Controlling Minds Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Son of Hamas: A Gripping Account of Terror, Betrayal, Political Intrigue, and Unthinkable Choices Rating: 4 out of 5 stars4/5Ever Wonder Why?: and Other Controversial Essays Rating: 5 out of 5 stars5/5Get Trump: The Threat to Civil Liberties, Due Process, and Our Constitutional Rule of Law Rating: 5 out of 5 stars5/5On Palestine Rating: 4 out of 5 stars4/5How to Hide an Empire: A History of the Greater United States Rating: 4 out of 5 stars4/5The Cult of Trump: A Leading Cult Expert Explains How the President Uses Mind Control Rating: 3 out of 5 stars3/5The Madness of Crowds: Gender, Race and Identity Rating: 4 out of 5 stars4/5
Reviews for From Windfall to Curse?
2 ratings0 reviews