IDEAS home Printed from https://ideas.repec.org/p/ocp/ppaper/pb11-21.html
   My bibliography  Save this paper

Venezuela Agriculture and Food: Resilience or Total Collapse of Food Security Under Repeated Crises?

Author

Listed:
  • Isabelle Tsakok

Abstract

Venezuela has hurtled from crisis to crisis since the 1980s oil glut. Time and again, successive governments, whether Democratic or Bolivarian Socialist have failed to utilize Venezuela’s plentiful oil revenues to build a stable, competitive, diversified, and inclusive economy, with sustainable food security for all. Years of ‘feast’ have alternated with years of ‘famine’ for decades. It is feared that, at the dawn of 2021, Venezuelans are literally in the grip of a looming famine. No end to this tragedy is in sight. What are the root causes of this still unfolding tragedy? There are many views on this, but this paper focuses on only one of Venezuela’s many tragedies: the inability of a well- endowed country to strengthen the agriculture and the food security of all its people in a sustainable way. Venezuela’s great asset—its enormous oil wealth—has turned out to be a persistent liability—the inability of successive governments to translate this abundant resource into sustainable and substantial investment in agriculture and other non-oil sectors to develop a diversified and inclusive economy within a stable price and macro-economic framework. It has remained an oil-dominated, inequitable, and unstable economy for decades, irrespective of the political and economic philosophy of the prevailing government. The development of agriculture has been undermined by the Dutch disease, exacerbated by policies that neglected (i) technology transfer; (ii) market access; and (iii) security of land tenure and usufruct rights for the majority of smallholders in a highly dualistic agrarian structure. Despite short term attempts to reverse the negative impacts of the Dutch disease, these turned out to be too little too late. More generally, government policies have swung from the extreme right—the neo-liberalism of price decontrol and privatization—to the extreme left—centralized control of prices and markets promoting a ‘Bolivarian Socialist’ agenda. Both extremes have relied heavily on welfare schemes generously funded by oil revenues. Neither extremes have worked. Add to these the seemingly intractable governance problems of corruption, non-accountable public administration, and recurrent coups. The onslaught of COVID-19 in early 2020 turned a dire food security situation into a desperate one. It is hard to see much sign of resilience in an exhausted nation, although the sheer will to survive the direst circumstances has always been the inherent resilience of humankind.

Suggested Citation

  • Isabelle Tsakok, 2021. "Venezuela Agriculture and Food: Resilience or Total Collapse of Food Security Under Repeated Crises?," Policy notes & Policy briefs 1938, Policy Center for the New South.
  • Handle: RePEc:ocp:ppaper:pb11-21
    as

    Download full text from publisher

    File URL: https://www.policycenter.ma/sites/default/files/PB_11-21_Tsakok.pdf
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    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:ocp:ppaper:pb11-21. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Policy Center for the New South's Customer service (email available below). General contact details of provider: https://edirc.repec.org/data/ocppcma.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.