Theme: Energy

Oil and Revolution: Viewpoints Edited

The oil policy preva- lent in Venezuela during the 1990s, better known as the “aperture” (i.e. aperture-open- ing), called for maximizing the country’s production capacity in-country by attracting foreign oil companies to participate in the development of Venezuela’s oil infrastructure and, ultimately, to maximize production. unfortunately, the involvement of foreign oil companies came at a steep cost since the “incentives” offered led to a collapse in the country’s fiscal income which, in turn,

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It’s the Oil, Stupid!!! An Overview

This apparent truism of “It’s the oil, stupid!” makes sense without being really true. Certainly, as the embodiment of immense wealth and energy, oil appears to be a force capable of defining the destiny of modern nations. Yet this appearance is deceptive. Oil does condition but does not determine the social life of these nations. To understand this, it is enough to observe that oil has radically different effects in different oil producing …

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Mexico’s Presidential Election: Taking the Chávez Out of López Obrador

Over the past few years there has been a surprising shift to the left in Latin American politics, raising concern among domestic businessmen, international investors, and the U.S. government about the sanctity of their investments. Rather than support the Washington Consensus, a growing number of politicians have improved their political prospects by blaming fiscal austerity and free-market economics for their countries’ lackluster …

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Old Wine in New Bottles? Economic Policymaking by Left-of-center Governments in Latin America

Then one is scanning the medium-term economic prospects and policies of Latin America, a crucial element to take into consideration is the recent prevalence of left-of-center governments in the region. What are the economic policies that they implement? How do they differ from the orthodox ones implemented by their predecessors? Will, as their passionate advocates proclaim, governments of this “New Left”* adopt economic …

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