Venezuela in New Century: Results and Prospects

DOI: 10.20542/0131-2227-2014-5-73-82

V. Semenov, Institute for Latin American Studies RAS, 21 Bol. Ordinka, Moscow, 115035, Russian Federation (

Abstract. Article contains analysis of the results of Venezuela’s social and economic development from 1999 to 2013. The periodization of governmental economic policy is offered. The conclusion is about gradual withdrawal of the market principles in economic regulation, and, then, radicalization of government policy for the purpose of "socialism of the XXIth century” creation. The changes connected with coming to power of the new president are analyzed. The assessment of possibility of stabilization of economic and socio-political situation in the country is given.

Keywords: Venezuela, Chavez, Maduro, private companies, nationalization, expropriation, budget deficit, inflation, price control, exchange control

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For citation:
Semenov V. Venezuela in New Century: Results and Prospects. World Eonomy and International Relations, 2014, no. 5, pp. 73-82.

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