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Political Conflict and Economic Growth in Post-independence Venezuela

In: Roots of Underdevelopment

Author

Listed:
  • Dorothy Kronick

    (University of California, Berkeley)

  • Francisco Rodríguez

    (University of Denver)

Abstract

Venezuela has suffered three economic catastrophes since independence: one each in the nineteenth, twentieth, and twenty-first centuries. Prominent explanations for this trilogy point to the interaction of class conflict and resource dependence. We turn attention to intra-class conflict, arguing that the most destructive policy choices stemmed not from the rich defending themselves against the masses but rather from pitched battles among elites. Others posit that Venezuelan political institutions failed to sustain growth because they were insufficiently inclusive; we suggest in addition that they inadequately mediated intra-elite conflict.

Suggested Citation

  • Dorothy Kronick & Francisco Rodríguez, 2023. "Political Conflict and Economic Growth in Post-independence Venezuela," Springer Books, in: Felipe Valencia Caicedo (ed.), Roots of Underdevelopment, pages 317-346, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-38723-4_11
    DOI: 10.1007/978-3-031-38723-4_11
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    References listed on IDEAS

    as
    1. Rodrik, Dani, 1999. "Where Did All the Growth Go? External Shocks, Social Conflict, and Growth Collapses," Journal of Economic Growth, Springer, vol. 4(4), pages 385-412, December.
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    11. Francisco Monaldi & Rosa Amelia González de Pacheco & Richard Obuchi & Michael Penfold, 2006. "Political Institutions, Policymaking Processes, and Policy Outcomes in Venezuela," IDB Publications (Working Papers) 39678, Inter-American Development Bank.
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    More about this item

    Keywords

    Growth; Conflict; Venezuela; Economic history;
    All these keywords.

    JEL classification:

    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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