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Economics vis-Ã -vis Politics of Venezuela under the Chavez Regime, 1998-2012

Author

Listed:
  • Ramesh Chandra Dasa

    (Department of Economics, Katwa College, West Bengal, India)

  • Soumyananda Dinda

    (Department of Economics, S. K. B. University, Purulia, West Bengal, India)

Abstract

In today’s world most of the countries are following the market rule to determine their economic determinants with some to follow the mixed role of the government. There are a very few countries or states that are following the socialistic nature of development. One such country is Venezuela which has a long history of socialism and the degree of socialism got magnified under the regime of Hugo Chavez. The last election result in favour of Chavez has put some questions before the economists and politicians regarding its grounds. The present study has been framed in line with examining whether the role of economic factors have done the trick for Chavez to regain the presidential power. The study for the period of 1998-2010 has observed that the country has suffered in major economic factors compared to two Latin heroes Brazil and Argentina, albeit he has won the election. The study further observed that there are certain political grounds that played role for the favourable verdict

Suggested Citation

  • Ramesh Chandra Dasa & Soumyananda Dinda, 2013. "Economics vis-Ã -vis Politics of Venezuela under the Chavez Regime, 1998-2012," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 2(3), pages 41-53, July.
    • Handle: RePEc:rbs:ijbrss:v:2:y:2013:i:3:p:41-53
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