The Great Failure of Gradualism in Venezuela I

From the 1950 Decade until the End of Rafael Caldera Government

Abstract

The gradualism is linked with the conservation of exchange rate and prices controls, meanwhile the shock policies are affixed in devaluations and liberalizations. In the case of Venezuela, the long-term economic policy is connected to the gradualism and, therefore, the past. It observes that Venezuela have been a country without acceptable economic liberties where the shock policies are absents. In this essay, it looks for taking out the thread which, since the 1980 decade, have impeded to give a sufficient basis to Venezuela for facing its economic crisis.