Instituto Fernand Braudel de Economia Mundial - Associado à FAAP

Think tank, and a do tank

Ed. 40: Part 1: Oil and Democracy in Venezuela

Democracy 6: Sowing the Petroleum

Author: Norman Gall | Published in 2006

Parte 1: Petróleo e Democracia na Venezuela

Venezuela stands as a warning to the rest of Latin America of the costs of the degradation and failure of public institutions. The story of Venezuela is one of the impact of surging oil revenues on weak institutions, compounded by dramatic demographic transformations. This impact preceded the rise to power in 1998 of President Hugo Chávez and his "Bolivarian Revolution" but which Chávez has brought to new levels of disorder. Venezuela inspires sadness, fear and indignation at what this disorder may bring.

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