Quote:
Originally Posted by MattLarson
No, no.
The gap is widening. Venezuela is slipping deeper and deeper below the rest of the region.
And the rate of growth is unchanged since Chavez's "revolution" - which indicates that he is not doing any better that the regime he replaced.
Under his leadership, Venezuela continues to fall behind the rest of the region.
Matt
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One thing that needs to be said is that Venezuela's economy is tied to oil.
on page 8 of this pdf
http://www.cepr.net/documents/public...la_2007_07.pdf
you can see this relationship quite clearly along with a huge improvement in GDP since 2003, after the oil strike.
The HDI is a bit misleading because no other latin america nation has an economy as tied to oil as Venezuela does. Although Chavez has been trying to diversify.
Andrew