Re: [OPE] Venezuela

Diego, thank you for this valuable information. I published recently an
article (in Spanish) in Le Monde Diplomatique
<http://www.lemondediplomatique.com.mx> México about ALBA.
If you, or any body else, are interested on it I can send a copy.
Cordialmente
Alejandro Valle Baeza

Diego Guerrero escribió:
> http://www.cepr.net/index.php/press-releases/press-releases/report-examines-economy-and-social-indicators-during-the-chavez-decade-in-venezuela/
>
> http://www.cepr.net/documents/publications/venezuela-2009-02.pdf
>
> Cheers,
> Diego
>
>
>
>
> Report Examines Economy and Social Indicators During the Chávez Decade
> in Venezuela
> For Immediate Release: February 5, 2009
> Contact: Dan Beeton, 202-239-1460
>
> Washington, D.C. – The Center for Economic and Policy Research (CEPR)
> released a report today on the Venezuelan economy on the tenth
> anniversary of President Hugo Chávez’s tenure, which began in February
> 1999.
>
> “Looking at the economic data and social indicators, it’s not
> difficult to see why Chávez remains popular and has won so many
> elections, despite overwhelmingly hostile media coverage,” said Mark
> Weisbrot, Co-Director of CEPR and lead author of the report, "The
> Chávez Administration at 10 Years: The Economy and Social Indicators."
>
> Among the highlights:
>
> The current economic expansion began when the government got control
> over the national oil company in the first quarter of 2003. Since
> then, real (inflation-adjusted) GDP has nearly doubled, growing by
> 94.7 percent in 5.25 years, or 13.5 percent annually.
>
>
> Most of this growth has been in the non-oil sector of the economy, and
> the private sector has grown faster than the public sector.
>
>
> During the current economic expansion, the poverty rate has been cut
> by more than half, from 54 percent of households in the first half of
> 2003 to 26 percent at the end of 2008. Extreme poverty has fallen even
> more, by 72 percent. These poverty rates measure only cash income, and
> do not take into account increased access to health care or education.
>
>
> Over the entire decade, the percentage of households in poverty has
> been reduced by 39 percent, and extreme poverty by more than half.
>
>
> There have been substantial gains in education, especially higher
> education, where gross enrollment rates more than doubled from
> 1999-2000 to 2007-2008.
>
>
> Over the past decade, the number of social security beneficiaries has
> more than doubled.
>
>
> Real (inflation-adjusted) social spending per person more than tripled
> from 1998-2006.
>
> The report also examines the current economic situation and how the
> country will be affected by lower oil prices. It concludes that
> because of Venezuela’s large accumulation of foreign exchange
> reserves, it is unlikely to run into balance of payments problems even
> if oil prices remain depressed for much longer than analysts and oil
> futures markets are anticipating. The most important and immediate
> challenge for Venezuela, according to the analysis in this report,
> will be to implement a timely and adequate fiscal stimulus package to
> counteract the effects of the global recession. Over the long run, the
> analysis also sees a need for a more competitive exchange rate in
> order to diversify away from oil.
>
> The Center for Economic and Policy Research is an independent,
> nonpartisan think tank that was established to promote democratic
> debate on the most important economic and social issues that affect
> people's lives. CEPR's Advisory Board includes Nobel Laureate
> economists Robert Solow and Joseph Stiglitz; Janet Gornick, Professor
> at the CUNY Graduate School and Director of the Luxembourg Income
> Study; Richard Freeman, Professor of Economics at Harvard University;
> and Eileen Appelbaum, Professor and Director of the Center for Women
> and Work at Rutgers University.
>
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-- 
Posgrado Facultad de Economía
Av. Universidad 3000 Circuito interior
México 04510, DF México
Tel. 55-56222148 fax 55-56222158
Páginas web: http://usuarios.lycos.es/vallebaeza
http://crisis-economica.blogspot.com <http://crisis-economica.blogspot.com/>
 
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