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This work is the only economic history of Venezuela written in English. In it, Salazar-Carrillo provides estimates that have not been published previously on the Venezuelan economy in general, and the oil component in particular. Evolution of the oil industry in Venezuela is covered in detail and the concept of the retained value of oil expenditures and tnvestment is developed. Recent government policies and the performance of the Venezuelan economy are evaluated, and export-oriented strategies are considered. The appropriateness of these plans in fostering economic development is discussed.
List of contents
Introduction
A Theoretical Framework
A Short Review of Methodological Problems and Data Sources
The Effects and Contribution of Oil to the Economics of Venezuela, 1910-22
The Effects and Contribution of Oil to the Economics of Venezuela, 1922-29
The Contribution of Oil and Its Effects on the Economy of Venezuela, 1930-36
The Contribution of Oil and Its Effects on the Economy of Venezuela, 1936-42
The Contribution of Petroleum and Its Effects on the Economic Development of Venezuela, 1943-57
The Contribution of Petroleum and Its Effects on the Economic Development of Venezuela, 1958-73
The Contribution of Petroleum and Its Effects on the Economic Development of Venezuela, 1974-85
The Contribution of Petroleum and Its Effects on the Economic Development of Venezuela, 1986-90
Bibliography
Index
About the author
JORGE SALAZAR-CARRILLO is Director of the Center of Economic Reserach and Professor of Economics at Florida International University. He was formerly a Senior Fellow at the Brookings Institution, and a Professorial Lecturer at Georgetown University. Dr. Salazar-Carrillo has written more than 30 books. among them we can cite The Latin American Debt, Latin American Comparisons of Incomes, Prices and Products, Oil in the Economic Development of Venezuela (Praeger), and The Brazilian Economy in the Eighties.
