Jorge Salazar-Carrillo, Bernadette West

Oil and Development in Venezuela during the 20th Century (eBook, PDF)

• Format: PDF

Produktbeschreibung

This book advances the theory that a potential leading export sector-in this case, the oil sector-is capable of inducing economic growth even in peripheral countries where the product line is primary in nature. In Venezuela the oil sector has contributed directly and indirectly to the development of the country's overall economy, particularly from 1936 to 1973, when that sector met the criteria of a leading sector, i.e., one that expands rapidly and obtains a large specific size relative to the economy as a whole. Oil investment in Venezuela contributed to the fiscal sector, the foreign sector, GDP, income, backward and forward linkages, the multiplier and accelerator effects, and the retained value of total expenditures. In spite of recent efforts to diversify the production and export mix, the Venezuelan economy continues to remain heavily dependent on oil production for export. During the midcentury decades of solid growth, it became evident that government oversight was needed to ensure that the numerous contributions flowing from the oil sector would be put to good use. Overall, it appears that the contributions were well utilized by the Venezuelan government, although there was plenty of room for improvement. Income distribution problems and other social inequities continued to beset the development process, leaving the economy rigid and inflexible. Consequently, when the oil sector faltered (1974 to 2000), Venezuela was unable to shift into other product lines. Political disarray soon followed, and with it a pervasive aura of economic uncertainty that persists to this day.

Produktdetails

• Verlag: Bloomsbury Publishing Inc
• Seitenzahl: 296
• Altersempfehlung: ab 7 Jahre
• Erscheinungstermin: 30. Mai 2004
• Englisch
• ISBN-13: 9780313059513
• Artikelnr.: 37830659

Autorenporträt

JORGE SALAZAR-CARRILLO is Director of the Center of Economic Reserach and Professor of Economics at Florida International University. He was formerly a Senior Fellow at the Brookings Institution, and a Professorial Lecturer at Georgetown University. Dr. Salazar-Carrillo has written more than 30 books. among them we can cite The Latin American Debt, Latin American Comparisons of Incomes, Prices and Products, Oil in the Economic Development of Venezuela (Praeger), and The Brazilian Economy in the Eighties.

Inhaltsangabe

Tables Acknowledgments Introduction A Theoretical Framework A Short Review
of Methodological Problems and Data Sources The Contribution of Oil and Its
Effects of the Venezuelan Economy, 1910-1922 The Contribution of Oil and
Its Effects of the Venezuelan Economy, 1923-1929 The Contribution of Oil
and Its Effects of the Venezuelan Economy, 1930-1936 The Contribution of
Oil and Its Effects of the Venezuelan Economy, 1937-1942 The Contribution
of Oil and Its Effects of the Venezuelan Economy, 1943-1957 The
Contribution of Oil and Its Effects of the Venezuelan Economy, 1958-1973
The Contribution of Oil and Its Effects of the Venezuelan Economy,
1974-1985 The Contribution of Oil and Its Effects of the Venezuelan
Economy, 1986-1990 The Contribution of Oil and Its Effects of the
Venezuelan Economy, 1991-2000 Conclusions Bibliography Index