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

Author

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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, Avenida Las Américas, Código postal 5101, Mérida, Venezuela.)

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.

Suggested Citation

  • Rossana E. Hernández A., 2011. "FEDECÁMARAS: An expression of institutional change in Venezuela (1944)," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 36(31), pages 173-204, January-j.
    • Handle: RePEc:ula:econom:v:36:y:2011:i:31:p:173-204
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    More about this item

    Keywords

    Institutional change; interventionism; state; private sector; economic development; history.;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General
    • N46 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Latin America; Caribbean

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