Venezuela in the Gordian Knot: Lessons for Rebuilding Democracy and Economic Prosperity

Venezuela in the Gordian Knot: Lessons for Rebuilding Democracy and Economic Prosperity

Although it was, for decades, by far the wealthiest country in Latin America, and, despite having the world’s largest oil reserves, Venezuela is a failed state. How did the country fall into this situation? How it can get out of it? This book analyzes and answers these questions, the most pressing asked by all those who think about the current situation of Venezuela. It concentrates its diagnosis on the 40 years of populism under democracy that allowed Hugo Chavez to reach power, and which resulted in the dramatic impoverishing of Venezuela. Chavismo is analyzed carefully, and the book also considers the effect of global situations on the Venezuela economy.


Professor José Noguera-Santaella obtained a PhD in Economics from the State University of New York at Buffalo, after conducting his undergraduate studies in Mathematics at the Central University of Venezuela. He has held positions at the National University of Kiev, the University of Warsaw, Michigan State University, the University of New Hampshire, and also at the Center for Economic Research and Graduate Education - Economics Institute, a joint workplace of Charles University and the Economics Institute of the Czech Academy of Sciences. He is currently Full Professor at the Universidad de Santiago de Chile, where he is the founding Director of the graduate program in Economics. He has conducted extensive research on the oil market and macroeconomics, on which he has published a number of books and articles.

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ISBN: 1-5275-6752-4

ISBN13: 978-1-5275-6752-8

Release Date: 1st June 2021

Pages: 445

Price: £74.99