What is it about?
Venezuela has depended on oil extraction and export as a main source of national revenue since the 1930s. This book explores the potential for oil revenues to be used to facilitate national development and to reduce social inequalities via state-directed public spending.
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Why is it important?
The book demonstrates how global markets and geopolitics, the state, and social movements and social relations cumulatively influence oil-dependent economies. It is based on over 50 interviews with Venezuelan economists, state officials and activists.
Perspectives
The focus of this book is to explore and make visible the complexities of Venezuelan politics, and the contradictions of oil-dependent economies.
Kristin Ciupa
University of Regina
Read the Original
This page is a summary of: Conclusion, January 2026, De Gruyter,
DOI: 10.1163/9789004749146_008.
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