From Windfall to Curse?

From Windfall to Curse?

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 well-known study of Venezuela’s political economy, The Paradox of Plenty (1997), Stanford political scientist Terry Karl argued that this oil wealth induced extraordinary corruption, rent-seeking, and centralized intervention… (more)

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Book Details  


Publisher: Penn State University Press (October 26, 2009)

Page count: 360 pages

Language: English


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