IDEAS home Printed from
   My bibliography  Save this article

Venezuela: limites para uma nova política econômica


  • Cano, Wilson


The text summarises the macroeconomics oscillations and difficulties of an economy where petroleum represents 75% of total exports and of total tax revenue and about 28% of the GDP. It briefly presents Venezuela´s economy in 2 periods: 1st - 1970/88, the end of the development period and the beginning of neoliberal policies; 2nd - when neoliberal policies were letting off steam. The 3rd section of the article focuses on the macroeconomic adjustments carried out in the second period and the implemented neoliberal reforms. Section 4 retreats the trap in which freshly empowered Hugo Chavez (Feb´ 1999) has fallen, when he had no choice other than accepting the agreement with the IMF; the implementation of important constitutional reforms promised during his campaign and the explosion of conflicts which came along with them. It also questions if there´s still possibilities of changing direction of such economic policies. The text was ended in September´ 2002, just before the rising demonstrations and riots that took over Venezuela after October´ 2002.

Suggested Citation

  • Cano, Wilson, 2002. "Venezuela: limites para uma nova política econômica," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 18, pages 1-33, January.
  • Handle: RePEc:euc:ancoec:v:18:y:2002:p:95-127

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Venezuela; Petroleum economy; Anti-neoliberal reforms; Neoliberalism and crisis.;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:euc:ancoec:v:18:y:2002:p:95-127. See general 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: (Antonio Carlos Macedo e Silva). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.