Venezuela: A Nation In Need of Reform
AbstractThe Venezuelan economy is currently undergoing tremendous economic and political upheaval. However, of the Latin American countries, it was one of the least damaged by the events in 2001 and also made a steady recovery from the Asian crisis of 1997. Using a combination of economic indicators, it is shown that VenezuelaÂ’s difficulties occurred not through contagion from other countriesÂ’ problems but through (a) its reliance on the oil sector and (b) poorly constructed and ill-sequenced policy. Given this, the paper then explores the countryÂ’s policy options and asks what can be done to make it an emerging market success.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Adelaide, Centre for International Economic Studies in its series Centre for International Economic Studies Working Papers with number 2003-05.
Length: 21 pages
Date of creation: Mar 2003
Date of revision:
Currency Crises; Emerging Market Economies; Natural Resources;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dmitriy Kvasov).
If references are entirely missing, you can add them using this form.