FEDECÁMARAS: An expression of institutional change in Venezuela (1944)

Rossana E. Hernández A. ()
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Rossana E. Hernández A.: Profesora e investigadora, Departamento de Economía, Facultad de Ciencias Económicas y Sociales, Universidad de los Andes. Núcleo Liria, Avenida Las Américas, Código postal 5101, Mérida, Venezuela.

Economía, 2011, vol. 36, issue 31, 173-204

Abstract: The aim of this paper is to examine the birth of FEDECÁMARAS (1944) as an expression of an institutional change in Venezuela. FEDECÁMARAS creation was the result of a historical conflict between the state and the private sector between 1936 and 1944. This conflict was generated by two ways of interpreting economic development: one in which the role of the state should have been emphasized among other organisms, expressed by the governments of Eleazar López Contreras and Isaías Medina Angarita (1936-1945). They believed that the state should be central to organize the economic and social forces. And the other, a liberal vision, represented by the private sector, believed that the market should have been the engine of economic growth.

Keywords: Institutional change; interventionism; state; private sector; economic development; history. (search for similar items in EconPapers)
JEL-codes: N0 N46 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:36:y:2011:i:31:p:173-204

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