The Rise and Fall of the Oil Nation Venezuela

Name: The Rise and Fall of the Oil Nation Venezuela
Brand: Springer Nature
SKU: 9783031346590
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Springer Nature

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9783031346590

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New

Product Description

This book explains why Venezuela is so rich in natural resourcesit has been producing oil since 1922 and harbors the largest oil reserves in the worldand yet it is also a failed nation of class-divided citizens exhibiting deep poverty in a corrupt, incompetent state. Venezuela is a bipolar nation, where two marked poles in the society exist which have historical origins and are mutually exclusive. The book provides a critical analysis of Venezuela's history, economy and politics and explains the context and implications of the bipolar poles, known as the elite pole and the resentful pole. Both, it shows, have done serious harm to Venezuelas prosperity. The author describes the vicious circle of oil wealth, corruption, inefficiency and world market dependency and gives recommendations for a better future.

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