Chronology of Venezuelan Oil (1969) covers all aspects of the Venezuelan petroleum industry’s historical evolution: technical, legal, economic, social and political to create a reference source for scholars, teachers, executives, professionals and technicians, as well as students of the industry.
At the beginning of the twentieth century, Venezuela had one of the poorest economies in Latin America, but by 1970 it had become the richest country in the region and one of the twenty richest countries in the world, ahead of countries such as Greece, Israel, and Spain. Between 1978 and 2001, however, Venezuela’s economy went sharply in reverse, with non-oil GDP declining by almost 19 percent and oil GDP by an astonishing 65 percent. What accounts for this drastic turnabout? The editors of Venezuela Before Chávez, who each played a policymaking role in the country’s economy during the past two decades, have brought together a group of economists and political scientists to examine systematically the impact of a wide range of factors affecting the economy’s collapse, from the cost of labor regulation and the development of financial markets to the weakening of democratic governance and the politics of decisions about industrial policy. Aside from the editors, the contributors are Omar Bello, Adriana Bermúdez, Matías Braun, Javier Corrales, Jonathan Di John, Rafael Di Tella, Javier Donna, Samuel Freije, Dan Levy, Robert MacCulloch, Osmel Manzano, Francisco Monaldi, María Antonia Moreno, Daniel Ortega, Michael Penfold, José Pineda, Lant Pritchett, Cameron A. Shelton, and Dean Yang.
Beneath Venezuelan soil lies an ocean of crude—the world’s largest reserves—an oil patch that shaped the nature of the global energy business. Unfortunately, a dysfunctional anti-American, leftist government controls this vast resource and has used its wealth to foster voter support, ultimately wreaking economic havoc. Crude Nation reveals the ways in which this mismanagement has led to Venezuela’s economic ruin and turned the country into a cautionary tale for the world. Raúl Gallegos, a former Caracas-based oil correspondent, paints a picture both vivid and analytical of the country’s economic decline, the government’s foolhardy economic policies, and the wrecked lives of Venezuelans. Without transparency, the Venezuelan government uses oil money to subsidize life for its citizens in myriad unsustainable ways, while regulating nearly every aspect of day-to-day existence in Venezuela. This has created a paradox in which citizens can fill up the tanks of their SUVs for less than one American dollar while simultaneously enduring nationwide shortages of staples such as milk, sugar, and toilet paper. Gallegos’s insightful analysis shows how mismanagement has ruined Venezuela again and again over the past century and lays out how Venezuelans can begin to fix their country, a nation that can play an important role in the global energy industry. This paperback edition features a new introduction by the author.
Since being elected president in 1998, Hugo Chávez has become the face of contemporary Venezuela and, more broadly, anticapitalist revolution. George Ciccariello-Maher contends that this focus on Chávez has obscured the inner dynamics and historical development of the country’s Bolivarian Revolution. In We Created Chávez, by examining social movements and revolutionary groups active before and during the Chávez era, Ciccariello-Maher provides a broader, more nuanced account of Chávez’s rise to power and the years of activism that preceded it. Based on interviews with grassroots organizers, former guerrillas, members of neighborhood militias, and government officials, Ciccariello-Maher presents a new history of Venezuelan political activism, one told from below. Led by leftist guerrillas, women, Afro-Venezuelans, indigenous people, and students, the social movements he discusses have been struggling against corruption and repression since 1958. Ciccariello-Maher pays particular attention to the dynamic interplay between the Chávez government, revolutionary social movements, and the Venezuelan people, recasting the Bolivarian Revolution as a long-term and multifaceted process of political transformation.
He is one of the most controversial and important world leaders currently in power. In this international bestseller, at last available in English, Hugo Chávez is captured in a critically acclaimed biography, a riveting account of the Venezuelan president who continues to influence, fascinate, and antagonize America. Born in a small town on the Venezuelan plains, Chávez found his interests radically altered when he entered the military academy in Caracas. There, as Hugo Chávez reveals in dramatic detail, he was drawn to leftist politics and a new sense of himself as predestined to change the fortunes of his country and Latin America as a whole. Portrayed as never before is the double life Chávez soon began to lead: by day he was a family man and a military officer, but by night he secretly recruited insurgents for a violent overthrow of the government. His efforts would climax in an attempted coup against President Carlos Andrés Pérez, an action that ended in a spectacular failure but gave Chávez his first irresistible taste of celebrity and laid the groundwork for his ascension to the presidency eight years later. Here is the truth about Chávez’s revolutionary “Bolivarian” government, which stresses economic reforms meant to discourage corruption and empower the poor–while the leader spends seven thousand dollars a day on himself and cozies up to Arab oil elites. Venezuelan journalists Cristina Marcano and Alberto Barrera Tyszka explore the often crude and comical public figure who condemns George W. Bush in the most fiery language but at the same time hires lobbyists to improve his country’s image in the West. The authors examine not only Chávez’s political career but also his personal life–including his first marriage, which was marked by a long affair and the birth of a troubled son, and his second marriage, which produced a daughter toward whom Chávez’s favoritism has caused private tension and public talk. This seminal biography is filled with exclusive excerpts from Chávez’s own diary and draws on new research and interviews with such insightful subjects as Herma Marksman, the professor who was his mistress for nine years. Hugo Chávez is an essential work about a man whose power, peculiarities, and passion for the global spotlight only continue to grow.
This work brings together, in an extended dialogue, the ongoing transformation of Venezuelan society and its growing role in global and regional politics. In the course of this discussion, Chavez sets out his politics in his own words, enabling the reader to grasp the rationale behind them and the charisma of the man.
An indispensable resource for readers interested in Venezuelan history, this book analyzes Venezuela's economic crisis through the context of its political and social history. For decades, the economy of Venezuela has depended on petroleum. As a consequence of a reduction in the price of oil, Venezuela recently experienced an economic downturn resulting in rampant social spending, administrative corruption, and external economic forces that collectively led credit-rating agencies to declare in November 2017 that Venezuela was in default on its debt payments. How did this Latin American nation come to this point? The History of Venezuela explores Venezuela's history from its earliest times to the present day, demonstrating both the richness of Venezuela and its people and the complexity of its political, social, and economic problems. As with all titles in The Greenwood Histories of the Modern Nations series, this chronological narrative examines political, economic, cultural, philosophical, and religious continuities in Venezuela's long and rich history, providing readers with a concise yet up-to-date study of the nation. The volume highlights the country's wide variety of cultures, languages, political ideologies, and historical figures and landmarks through maps, photographs, biographies, a timeline, and a bibliographical essay with suggestions for further reading.
Since its U.S. debut a quarter-century ago, this brilliant text has set a new standard for historical scholarship of Latin America. It is also an outstanding political economy, a social and cultural narrative of the highest quality, and perhaps the finest description of primitive capital accumulation since Marx. Rather than chronology, geography, or political successions, Eduardo Galeano has organized the various facets of Latin American history according to the patterns of five centuries of exploitation. Thus he is concerned with gold and silver, cacao and cotton, rubber and coffee, fruit, hides and wool, petroleum, iron, nickel, manganese, copper, aluminum ore, nitrates, and tin. These are the veins which he traces through the body of the entire continent, up to the Rio Grande and throughout the Caribbean, and all the way to their open ends where they empty into the coffers of wealth in the United States and Europe. Weaving fact and imagery into a rich tapestry, Galeano fuses scientific analysis with the passions of a plundered and suffering people. An immense gathering of materials is framed with a vigorous style that never falters in its command of themes. All readers interested in great historical, economic, political, and social writing will find a singular analytical achievement, and an overwhelming narrative that makes history speak, unforgettably. This classic is now further honored by Isabel Allende's inspiring introduction. Universally recognized as one of the most important writers of our time, Allende once again contributes her talents to literature, to political principles, and to enlightenment.