Understanding Venezuela’s democracy or dictatorship from an economical point of view requires integrating how oil can alter the usual characterization of these political systems within a developing country. Only then we can understand the country’s long-run development.
Alejandro Márquez-Velázquez, PhD in economics from the Freie Universität Berlin will show how the country since 2014 has suffered from one of the worst economic implosions ever recorded in peacetime. Venezuela was hit by a perfect storm of increased volatility in the international oil market since the 1970s, electoral cycles and economic mismanagement.
Erick Gonzalo Palomares Rodríguez, PhD in Government and Public Administration from the Complutense University, Madrid will explain some important starting points to understand the political crisis in Venezuela such as USA intervention in Latin America, the Truman Doctrine in times of Donald Trump,meanings of democracy as well as the geopolitical correlation of forces: the right-wing turn in the region (Brazil, Colombia, Ecuador and Argentina)
About Alejandro Márquez-Velázquez, and Erick Gonzalo Palomares Rodríguez
Alejandro Márquez-Velázquez holds a PhD in economics from the Freie Universität Berlin. He is currently a postdoctoral research associate at the Freie Universität Berlin’s Institute for Latin American Studies. He is Venezuelan and teaches development economics. His main research interest lies on how natural resources and economic policies affect growth in developing countries, especially within Latin America. He is co-editor of Rethinking Development Strategies after the Financial Crisis (2016) two edited books published by the United Nations.
Erick Gonzalo Palomares Rodríguez, PhD in Government and Public Administration, Complutense University, Madrid. He is currently visiting researcher at the Centre for Latin American Studies, University of Copenhagen, Research Associate for the Transformative Cities Award and the Atlas of Utopias, Transnational Institute TNI, Amsterdam and assistant professor, Department of Culture and Global Studies, Aalborg University.