Oil, politics, and economic policy making: Venezuela and the Andean Common Market

Venezuela's entry into the Andean Common Market (ACM) represents a case of systems transformation. Venezuelan membership has led both to major changes in economic provisions of the Common Market, and to significant alterations in political relations among members. Analysis of these changes depe...

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Veröffentlicht in:Int. Organ.; (United States) 1976-01, Vol.30 (4), p.541-571
1. Verfasser: Avery, William P.
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container_title Int. Organ.; (United States)
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creator Avery, William P.
description Venezuela's entry into the Andean Common Market (ACM) represents a case of systems transformation. Venezuelan membership has led both to major changes in economic provisions of the Common Market, and to significant alterations in political relations among members. Analysis of these changes depends on an understanding of the political debate in Venezuela, which was prolonged, and which led to membership under favorable terms earned through hard negotiations. Any assessment of the ultimate impact of Venezuelan participation in the ACM must remain guarded. As a wealthy and dynamic member, Venezuela could become an important catalyst for integration in the region. But with its superior economic capacity, Venezuela could also come to dominate the integrative effort, accruing most of the benefits to itself and in the process creating disruptions and dissatisfaction among the other members.
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Analysis of these changes depends on an understanding of the political debate in Venezuela, which was prolonged, and which led to membership under favorable terms earned through hard negotiations. Any assessment of the ultimate impact of Venezuelan participation in the ACM must remain guarded. As a wealthy and dynamic member, Venezuela could become an important catalyst for integration in the region. But with its superior economic capacity, Venezuela could also come to dominate the integrative effort, accruing most of the benefits to itself and in the process creating disruptions and dissatisfaction among the other members.</abstract><cop>New York, USA</cop><pub>Cambridge University Press</pub><doi>10.1017/S0020818300018440</doi><tpages>31</tpages></addata></record>
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subjects 02 PETROLEUM
021000 - Petroleum- Legislation & Regulations
290200 - Energy Planning & Policy- Economics & Sociology
293000 - Energy Planning & Policy- Policy, Legislation, & Regulation
294002 - Energy Planning & Policy- Petroleum
Andean Common Market
ARGENTINA
BOLIVIA
BRAZIL
Calderas
Capital investments
CHILE
COLOMBIA
Common markets
Economic benefits
ECONOMIC POLICY
ECUADOR
ENERGY PLANNING, POLICY AND ECONOMY
ENERGY POLICY
ENERGY SOURCES
Foreign investments
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
Industrial market
inter-American institutions
International agreements
International economic blocs
LATIN AMERICA
MARKET
MEXICO
NORTH AMERICA
Organization of American States and other inter-American institutions
PERU
PETROLEUM
Political integration
Private sector
SOUTH AMERICA
Tariffs
Taxation
VENEZUELA
title Oil, politics, and economic policy making: Venezuela and the Andean Common Market
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