Venezuela and the International Crisis

Diego Mansilla

Chapter 9 in Latin America after the Financial Crisis, 2016, pp 193-227 from Palgrave Macmillan

Abstract: Abstract This chapter attempts to explore the effects of the international crisis of 2008–2009 on the Venezuelan economy. Venezuela is the fourth biggest Latin-American economy, with 7% of the region’s GDP. It follows the region’s giants (Brazil, Mexico and Argentina) and accounts for 8% of regional exports due to sales of petroleum and its derivates, which are practically its only exports and the core of its economy.

Keywords: External Debt; International Reserve; Social Spending; Capital Flight; Current Account Surplus (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pslchp:978-1-137-48662-2_9

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DOI: 10.1057/9781137486622_9

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