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Browse Archive Economic Outlook Economic Outlook: Venezuela - March 2001
Browse Archive Economic Outlook Economic Outlook: Venezuela - March 2001 | Economic Outlook: Venezuela - March 2001 |
Political fortune in Venezuela rises and falls with the price of oil on world markets. President Hugo Chavez is no exception to the general rule. His policies have disillusioned the country's elite, the political opposition, and even the trade unions. But all seems pardonable as long as the country is flush with oil cash. If oil prices fall again, as some predict for 2002, then Chavez's misguided policy making will come back to haunt him. Opposing interest groups are already losing their patience. |
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