Talk:Economy of Venezuela

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[edit] update and rewrite

update and rewrite this please

This article covers an important and controversial topic and badly needs a rewrite because of recent developments --Alan 09:53, 10 April 2006 (UTC)

Needs citations to correct a lot of weaselly phrasing Gigs 18:34, 6 November 2006 (UTC)

  • I've added the cleanup tag to the page. This article is currently a mess. -- TexasDawg 03:48, 5 March 2007 (UTC)

[edit] Economic history

One should write something about the devopments before Chavez came to power. Mr. Illarionov's citation suggests there is much to think about and much to discuss.Constanz - Talk 11:01, 5 December 2006 (UTC)

Amen, brother!! The world authority on GDP per capita of nations, measured in US$, is Prof. Angus Maddison at the University off Groningen in the Netherlands. The web database of his research centre reports two calculations of the per capita GDP of Venezuela in US$ at constant prices. One calculation shows no growth between 1955 and 2005. The other shows no growth betweeen 1947 and 2003 (the last year for which data are available). At the end of WWII, Venezuela enjoyed the highest standard of living in Latin America, and perhaps in all of the Third World. But since then, any economic gains have been erased by subsequent economic declines. It appears that Venezuela has been incapable of investing its oil wealth in ways that grow its economy at a rate higher than population increase. It also appears that the Venezuelan public sector is the first entity to get its hands on any oil export revenue.
So while the rest of humanity advanced, Venezuela stood still. I submit that this long term stagnation is:
  • Unique among nations outside of sub-Saharan Africa (the latter nations are all far poorer than Venezuela, with serious education and public health shortcomings);
  • The root cause of Chavez's demagogery and of the political turmoil afflicting Venezuela in recent years;
  • A good example of how the easy wealth of oil is a curse as well as a blessing.
It is surely true that Venezuela has done well by the current very high price of oil. But the question posed by the data I've just mentioned remains: will this latest growth spurt prove any less ephemeral than previous growth episodes since WWII?123.255.60.35 (talk) 19:25, 6 June 2008 (UTC)

[edit] Useful information in Spanish Wikipedia

The article for Economy in Venezuela in the Spanish Wikipedia has a couple tables with a lot of information that would really help this article out. http://es.wikipedia.org/wiki/Econom%C3%ADa_de_Venezuela (72.181.194.88 17:06, 5 December 2006 (UTC))

[edit] Should we short our share of Venezuela?

With all the privatization talk from Chavez should I sell my Latin Amerca funds? :-) 70.251.92.241 04:41, 15 January 2007 (UTC) New computer, wasn't signed in Mr Christopher 04:43, 15 January 2007 (UTC)

[edit] Industrial production figures

That 0.5% figure is waaay too old. Manufacturing has gone markedly up in Venezuela (at least per the BCV's figures released for Q1 '07). Darth Sidious 19:28, 2 July 2007 (UTC)

[edit] Labour structure?

I have heard Chavez is pushing towards a cooperative model. If this is an important plank of his 'Bolivarian' platform it deserves a mention. What % of the workforce is cooperative? Damburger 21:22, 21 August 2007 (UTC)