,The Venezuelan Economy in the Chávez Years

The Venezuelan Economy in the Chávez Years


 

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.”