Free

Is Venezuela a Rentier State - Essay Example

Comments (0) Cite this document
Summary
In the paper “Is Venezuela a Rentier State?” the author focuses on recent characterizations of Venezuela, on its overwhelming reliance on oil for the economic structure of the country. Theorists have gone as far as terming Venezuela a ‘Rentier’ State…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
Is Venezuela a Rentier State
Read TextPreview

Extract of sample "Is Venezuela a Rentier State"

Is Venezuela a Rentier State?
Recent characterizations of Venezuela have focused on its overwhelming reliance on oil for the economic structure of the country. Theorists have gone as far as terming Venezuela a ‘Rentier’ State, meaning the government derives the majority of its profits from oil or minerals. The label contains a number of derisive connotations, as it’s assumed such a heavy reliance on oil has a deleterious effect on economic and political structures. Therefore, when determining whether Venezuela is truly a Rentier State, the government’s internal functions must be considered.
The question of whether Venezuela derives significant portions of its economy from oil is without a doubt true; Corrales (2006) even characterized President Hugo Chavez as one of the world’s most powerful CEOs, in regards to his sale of oil to the United States. The Venezuelan government can also be seen to embody Rentier characteristics: Chavez has been successful in centralizing power through an elimination of intermediary government structures; he has allowed rampant crime to persist; and has allowed highly questionable election processes. While these actions can be seen to be highly indicative of a populace that ceases to intervene because of an abundance of oil money and reduced taxes, the reality of the situation is more complex. Indeed, it’s been argued that rather than Venezuela’s political structure being allowed by the citizens out of apathy in the face of reduced taxes, it has occurred because of a systematic effort on the part of Chavez to scare the citizens into submissions and acceptance of more lax governmental standards. Corrales (pg. 9, 2006) compares this mentality to the philosophy of Thomas Hobbes, “The more insecurity that citizens face—the closer they come to living in the brutish state of nature—the more they will welcome state power.” In this regard, it’s not the oil money that has influenced the populace, but the calculated manipulations on the part of Chavez and his regime that have trained the population into acceptance.
Essay #2 Can Democracy survive in circumstances other than the United States?
When investigating the plausibility of democracy surviving in situations outside the United States, one must agree on what democracy means. If it is the communal rule of society through group consensus, as embodied in elected officials, protests, and free speech than Democratic rule is not only an element of Americanness, but a lynchpin of much of the European Union, as well as Australia, Israel, and Canada. While these countries demonstrate varying degrees of socialist intervention, the United States can hardly be said to be free of similar traits. To assume that democracy is a distinctly American formulation is to demonstrate a gross misunderstanding of its origin as a Greek description of such governmental structure.
However, democracy has not always survived in when it has been implemented, and it’s evident that there are characteristics that are necessary for its persistence. This is highly evident when observing the extreme political instability that has characterized Latin America over the last century. Even as countries such as Columbia have implemented democratic regimes, the overwhelming resistance they face from organized criminal organizations is a constant threat to long-term democratic existence. It seems that this unequal distribution is a key factor to consider when analyzing the democratic instability. When discussing the democratic structure that has taken hold in Venezuela, Corrales (p. 4, 2006) writes, “If democracy requires checks on the power of incumbents, Venezuela doesn’t come close.” A similar totalitarian control of power can is witnessed in Cuba. In this regard, it seems that the survival of a democratic structure mirroring the United States requires more than the will of the people or pressure from outside regimes. One might surmise a number of factors, but an obvious explanation concerns the overall level of well that the United States achieved as a direct result of their ties and subsequent independence from Britain, whereas Latin American countries were more closely linked to Spain, a country which suffered considerable hardship in the 17th century. It’s perhaps the requirement for a full functioning democracy that to possess a highly educated and financially stable citizenry, a feature than many countries don’t possess.
References
Corrales, Javier. “Hugo Boss”. Foreign Policy. 2006 Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Is Venezuela a Rentier State Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Is Venezuela a Rentier State Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/politics/1561754-world-politics
(Is Venezuela a Rentier State Essay Example | Topics and Well Written Essays - 500 Words)
Is Venezuela a Rentier State Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/politics/1561754-world-politics.
“Is Venezuela a Rentier State Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/politics/1561754-world-politics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Is Venezuela a Rentier State

Venezuela

...?Venezuela History of Venezuela Venezuela is better known as the Bolivarian Republic of Venezuela and is located in the northern side of South America. It is a country which has been known for its diverse population, natural resources and culture. Venezuela consists of 23 states and 1 federal district which include 72 islands located all over the Caribbean Sea (Frederick & Tarver 2005). The history of Venezuela can be traced back to the fifteenth century when Christopher Columbus discovered the land in 1498 during his journey to the New World. Before Columbus however, other people also lived on the soil of...
3 Pages(750 words)Term Paper

Hugos Presidency in Venezuela

...being directed to the lower class citizens. Their sole intention was to have leftist organizing strategies undercut in their countries. President Hugo to date, still rules in favor of the lower class citizens. It is this huge number of people that he is relying on to win this year’s election slated for October 7th 2012. Work Cited Castillo, Mariano. U.S Report: Chaves Moving to Silence Media Critics. CNN World. 18 Aug.2009. web. 6 April 2012. Gutierrez, Miguel. Hugo Chavez. The New York Times, 5 Mar. 2012. Web. 6 April 2012. Kucera,Joshua. What is Hugo Chavez up to? The Wilson Quarterly. 21 Oct. 2011. Web. 6 April 2012. Pearson,Tamara/ European Union Adds Venezuela’s State Airline to its List of banned...
3 Pages(750 words)Essay

Venezuela

...for a long period of time. Since the last couple of decades, the world has witnessed a pretty nasty picture emerging from the political theatre of the region (Nichols and Morse 78-79). The political scenario turned quite hostile towards America, when the late Venezuelan president Hugo Chavez arrived in power since the year 1999. A staunch opponent of tactics and strategies implemented by the United States in regards to managing the South American nations, it can be said that the nation of Venezuela created a hostile environment in regards to political co operation between the two countries at the international level (US Dept. Of State, “US Relations with Venezuela”)....
5 Pages(1250 words)Essay

South Africa vs Venezuela

...rate between both countries will be extremely difficult. In fact, Husted and Melvin (2010) indicate that one of the benefits of adopting a flexible exchange rate is that countries are able to formulate their own monetary policies and the rate of exchange will automatically adjust for differentials in the inflation rates. With an exchange rate peg, as exists in Venezuela, the central bank adjusts supply of foreign exchange in order to maintain the peg with the United States dollar. The graph below shows the changes in the exchange rate between the US$ and the South African Rand and the Venezuelan VER from 2006 to 2010. Figure 1 The information in Figure 1 indicates that the rate of exchange between the US...
3 Pages(750 words)Essay

Cultural Awarness on Venezuela

...to get at. Inappropriately latest bullying to the land-living, folks, and administration have overpowered the republic into close devastation (Duarte et al). Venezuelas countrywide populace is almost comparable to that of most other South American nations, with a blend of primary aboriginal inhabitants, a huge Spanish arrival, and noteworthy residents of African descent. There have also been distinguished Latin American and European immigrations in the past two epochs. Even with these diverse inhabitants, conversely, Venezuela has one of the greatest established state identities in the landmass. This state firmness is almost certainly due to dual factors:...
4 Pages(1000 words)Essay

Pioneer Venezuela: The Bottleneck

...Culture and Socialization Briefly describe the activity, the other participants, and why you chose the activity for this assignment. The activity that attended was a birthday for my Chinese friend’s baby who was turning one month old. When Chinese babies are turning a month old, the occasion is considered important and the parents are supposed to invite their friends and family members. Quite a number of friends, the entire family, and other close relatives attended the occasion. I chose the activity because I found it exceptional that Chinese babies are considered one year old at birth. This is quite different from western culture where a newborn is considered zero years old. Moreover, the Chinese tend to celebrate... and Socialization...
5 Pages(1250 words)Case Study

Political climate of Venezuela

...Political climate of Venezuela The virtue of political climate of Venezuela is worrying as far as the prevailing constitutional rights of people of Venezuela are of concern. Various articulations in regards to democracy has been under limelight, keeping in mind that political unrest violence is the main issue that brings about further curtailment of democracy in this nation. Venezuela is among the countries that take into account the virtue of multiparty and hence leading to imposition of martial law as well as curtailing democratic rights in Venezuela. This aspect has triggered an essence of political crisis especially in western hemisphere. United...
1 Pages(250 words)Essay

Rentier state theory

...How external rent influence business behavior RENTIER THEORY is a an international relations assertionthat is used in classifying states whose major portion of their economic revenue is derived from rents of trading resources with external business partners and clients. This kind of trade is often commonly used in world economies with valuable natural resources like oil and reserve currencies like United States of America, Arab nations and some other members of OPEC. Because of the nature of the trade involved in this kind of getting rent, its influence on the business behavior is also evident as discussed below. Monopolies- overreliance on external rent always comes at a cost. The fact...
1 Pages(250 words)Essay

Venezuela - Hugo Chvez

...of his team did not help matters. Two years later, on March, 2013, the vice-president announcing the death of Hugo Chavez. Best Things He Did Chavez is widely remembered as a socialist and radical president who put Venezuela on the international map in terms of progressive economy. This resulted to differences with the US that labeled a place for terrorists especially in its War on Terror. Hugo Chavez His Life Hugo Chavez is a leftist Marxist who became president in 1999 with sweeping popularity. In collaboration with Latin American leaders such as Cuban Revolutionary Fidel Castro and Lula da Silva of Brazil, Chavez performed his pledges and promises of using Venezuela’s oil to achieve beneficial...
2 Pages(500 words)Essay

Geology of Venezuela

...to numerous plant communities like lichens, algae, low herbs, and mosses. Pico Bolivar Pico Bolivia is also an important geographical landmark for Venezuela with 4, 978 meters height (Van der Ploeg, 2011). The outstanding height makes the mountain the highest in Venezuela with its location in the Merida State. Atop the mountain are snow coverings with few glaciers. The mountain is full with tropical vegetation and easily passes for a rainforest. There are tall trees as well as bamboo forests that rise to form a canopy to enable them compete for the sunlight. On the other hand, the mountain has nice waterfalls and creeks. One of the unique animals in the mountain is the lapa as rare...
7 Pages(1750 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Is Venezuela a Rentier State for FREE!

Contact Us