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FEDECÁMARAS: An expression of institutional change in Venezuela (1944)

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  • Rossana E. Hernández A.

    ()
    (Profesora e investigadora, Departamento de Economía, Facultad de Ciencias Económicas y Sociales, Universidad de los Andes. Núcleo Liria, Mérida, Venezuela.)

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    Abstract

    The aim of this paper is to examine the birth of FEDECÁMARAS (1944) as an expression of an institutional change in Venezuela. FEDECÁMARAS creation was the result of a historical conflict between the state and the private sector between 1936 and 1944. This conflict was generated by two ways of interpreting economic development: one in which the role of the state should have been emphasized among other organisms, expressed by the governments of Eleazar López Contreras and Isaías Medina Angarita (1936-1945). They believed that the state should be central to organize the economic and social forces. And the other, a liberal vision, represented by the private sector, believed that the market should have been the engine of economic growth.

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    Bibliographic Info

    Article provided by Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela in its journal Economía.

    Volume (Year): 36 (2011)
    Issue (Month): 31 (January-june)
    Pages: 173-204

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    Handle: RePEc:ula:econom:v:36:y:2011:i:31:p:173-204

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    Postal: Facultad de Ciencias Económicas y Sociales. Instituto de Investigaciones Económicas y Sociales. Campus Universitario Liria, Edificio G, Tercer Nivel. Mérida 5101, Estado Mérida, Venezuela
    Phone: +58 74 401111 ext. 1081
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    Web page: http://iies.faces.ula.ve/
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    Keywords: Institutional change; interventionism; state; private sector; economic development; history.;

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