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Publication Date:
Publisher: Center for Economic and Policy Research
Author(s): Mark Weisbrot; Luis Sandoval
Research Area: Economics
Keywords: Unemployment rate; Oil industry; Subsidized food
Type: Report
Coverage: Venezuela
Abstract:
This paper examines how Venezuela’s economy has fared since President Hugo Chávez was elected in 1998. The paper looks at growth, employment, poverty, investment and other indicators, and considers the popular conception of whether the current economic expansion is an “oil boom headed for a bust.â€