From Windfall to Curse?: Oil and Industrialization in Venezuela, 1920 to the Present,Used

From Windfall to Curse?: Oil and Industrialization in Venezuela, 1920 to the Present,Used

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Since the discovery of abundant oil resources in the 1920s, Venezuela has had an economically privileged position among the nations of Latin America, which has led to its being treated by economic and political analysts as an exceptional case. In her wellknown study of Venezuelas political economy, The Paradox of Plenty (1997), Stanford political scientist Terry Karl argued that this oil wealth induced extraordinary corruption, rentseeking, and centralized intervention that resulted in restricting productivity and growth. What this and other studies of Venezuelas economy fail to explain, however, is how such conditions have accompanied both growth and stagnation at different periods of Venezuelas history and why countries experiencing similar levels of corruption and rentseeking produce divergent developmental outcomes.By investigating the record of economic development in Venezuela from 1920 to the present, Jonathan Di John shows that the key to explaining why the economy performed much better between 1920 and 1980 than in the post1980 period is to understand how political strategies interacted with economic strategiesspecifically, how politics determined state capacity at any given time and how the stage of development and development strategies affected the nature of political conflicts. In emphasizing the importance of an approach that looks at the political economy, not just at the economy alone, Di John advances the field methodologically while he contributes to a longneeded history of Venezuelas economic performance in the twentieth century.

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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.

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To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.

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We provide a 2-year limited warranty, from the date of purchase for all our products.

If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.

This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).

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