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Book part
Publication date: 11 July 2007

Gregory Wilpert

This paper explores the sociological, economic, and political reasons for the collapse of Venezuela's 40-year “pacted” democracy, the eight-year conflict between the…

Abstract

This paper explores the sociological, economic, and political reasons for the collapse of Venezuela's 40-year “pacted” democracy, the eight-year conflict between the country's new president and the opposition, where this conflict has led Venezuela, and what its prospects are for the near future. It proposes that the collapse of Venezuela's “ancien regime” can best be understood by an examination of the impact the rise and fall of oil prices had on its economy, society, and polity. A 20-year economic decline led to the election of Hugo Chavez, a radical outsider, who refused to play along with the country's old political class. This class, in turn, refused to accept Chavez as the legitimately elected president and launched the country on an eight-year roller-coaster ride of counter-revolution and radicalization, which recently ended with the reelection of Chavez and a massive popular endorsement for the establishment of “21st century socialism” in Venezuela. Exactly what such a project means is still unclear, but it so far involves state support for self-managed workplaces and an anti-capitalist and participatory democratic state in the midst of a still functioning capitalist economy. With the apparent defeat of obstacles that are external to the Bolivarian movement, as the pro-Chavez movement is called, such as the domestic opposition and U.S. intervention, the movement is now forced to confront its internal obstacles, such as clientelism, corruption, and personalism, if it is to succeed in the long run.

Details

Transitions in Latin America and in Poland and Syria
Type: Book
ISBN: 978-1-84950-469-0

Open Access
Article
Publication date: 28 May 2021

Carlos M. Baldo, Richard Vail and Julie Seidel

The aim of this article is to describe Huawei's internationalization process in Venezuela and show how socio-political and economic conditions helped to expedite the…

1050

Abstract

Purpose

The aim of this article is to describe Huawei's internationalization process in Venezuela and show how socio-political and economic conditions helped to expedite the company's development in this Latin American nation between 2006 and 2019. Through this internationalization process, Huawei participated in a large technological transition in Venezuelan telecommunications.

Design/methodology/approach

This research uses an integrative approach, developing a quasi-case study from a review of the academic literature, contemporary news stories and institutional and practitioner documents.

Findings

The review indicates that Huawei was engaged in business with the Venezuelan phone company before its renationalization. Secondly, Huawei's internationalization was a beneficiary of the increased relations between the Venezuelan and Chinese governments, mainly through “oil for loans/goods” agreements. Lastly, this internationalization process includes wholly owned subsidiaries, direct export, greenfield and government joint ventures.

Practical implications

This research provides an understanding to other firms and strategists about the benefits of strong bilateral economic relationships between home and host countries.

Originality/value

This paper is among the first academic articles that describe the internationalization process of Huawei in Venezuela. Considering the host country's changing political and economic conditions during the last 20 years, such research may provide a perspective for considering other Chinese business expansions in Venezuela and Latin America.

Details

Revista de Gestão, vol. 28 no. 4
Type: Research Article
ISSN: 1809-2276

Keywords

Expert briefing
Publication date: 11 October 2017

Rosneft and the Venezuelan oil sector.

Details

DOI: 10.1108/OXAN-DB225014

ISSN: 2633-304X

Keywords

Geographic
Topical
Article
Publication date: 1 September 2006

Carolina Duarte, Lawrence P. Ettkin, Marilyn M. Helms and Michael S. Anderson

Venezuela ranks fifth in the world in oil proven reserves and has the largest accumulation of liquid fuel in the world. With its importance as an oil country, many…

129

Abstract

Venezuela ranks fifth in the world in oil proven reserves and has the largest accumulation of liquid fuel in the world. With its importance as an oil country, many countries including the U.S. have expressed concerns about Venezuela’s current economic and political situation. Using the popular SWOT analysis, Strengths, Weaknesses, Opportunities and Threats facing the country, are identified. The discussion and conclusions summarize the observations and address the relative tradeoffs within the country. Finally goals and policies appropriate for Venezuelan reform are presented.

Details

Competitiveness Review: An International Business Journal, vol. 16 no. 3/4
Type: Research Article
ISSN: 1059-5422

Keywords

Book part
Publication date: 30 September 2021

Hemmi Croes

This chapter studies the evolution of the relationships between the US imperialism and Venezuela in the last 100 years. The main purpose is to insert the present form of…

Abstract

This chapter studies the evolution of the relationships between the US imperialism and Venezuela in the last 100 years. The main purpose is to insert the present form of these links in their historical perspective. The first section is about the implications of Venezuela’s integration into the world economy through oil exports. The second one discusses the effects on the Venezuelan economy of the post-WWII economic expansion. The third and fourth sections deal with the consequences of the world economy changes since the 1980s on Venezuelan society. The last three sections explain the contradictions generated by the development of the Chavista transition project within the local ruling classes and with the US imperialism itself.

Details

Imperialism and Transitions to Socialism
Type: Book
ISBN: 978-1-80043-705-0

Keywords

Article
Publication date: 1 April 1997

Paul Herbig and Leila Castro

Analyses various characteristics of the Venezuelan culture and describes some obstacles that foreign companies face when doing business in Venezuela.

Abstract

Analyses various characteristics of the Venezuelan culture and describes some obstacles that foreign companies face when doing business in Venezuela.

Details

Cross Cultural Management: An International Journal, vol. 4 no. 4
Type: Research Article
ISSN: 1352-7606

Article
Publication date: 1 January 2014

Nunzia Auletta and María Helena Jaén

The case study centers on the ways in which a world‐renowned beauty pageant is deployed as a strategic asset by the Organización Cisneros (OC), a major player among Latin…

Abstract

Purpose

The case study centers on the ways in which a world‐renowned beauty pageant is deployed as a strategic asset by the Organización Cisneros (OC), a major player among Latin American television companies. The Miss Venezuela (MV) beauty contest has iconic status in Venezuela and enjoys an international reputation. Following the election of President Chávez in 1998 the OC gradually scaled‐down its operations in Venezuela. Adriana Cisneros, OC Vice President, turned MV into a key element of the Corporate Social Responsibility strategy at Venevisión, the TV channel founded by her grandfather. She also sought ways to build on the MV brand, in order to strengthen the OC's business strategy.

Design/methodology/approach

The case study employs an inductive methodology, using a comprehensive approach to develop a teaching case study. It focusses on understanding a concrete business situation presented within a detailed contextual analysis.

Findings

Complex business and strategic decision making calls for a thorough analysis of internal business variables and a deep understanding of complex environmental forces.

Originality/value

The comprehensive approach and detailed information presented in this case study constitute a versatile resource that will be useful for teaching topics including strategy, innovation, and business model development.

Details

Academia Revista Latinoamericana de Administración, vol. 26 no. 3
Type: Research Article
ISSN: 1012-8255

Keywords

Abstract

Details

International Journal of Sociology and Social Policy, vol. 12 no. 4/5/6/7
Type: Research Article
ISSN: 0144-333X

Article
Publication date: 31 January 2018

Victoria Rodner and Finola Kerrigan

The purpose of this paper is to examine the role played by the visual arts in expressing and shaping the nation brand. In doing so, it establishes the centrality of visual…

Abstract

Purpose

The purpose of this paper is to examine the role played by the visual arts in expressing and shaping the nation brand. In doing so, it establishes the centrality of visual discourse in nation branding; illustrating that discursive strategies can directly alter the nation brand’s perception.

Design/methodology/approach

This single case study drawing on in-depth interviews, field observation and secondary/historical material, applies mediated discourse analysis and critical discourse analysis to capture a transitional period in the cultural policies and nation branding rhetoric across a time frame of 60 years.

Findings

This study establishes the visual arts as a significant carrier of meaning, thus reflecting changes in the national discourse. This analysis illustrates that publicly supported visual arts can articulate policy aspirations and provide insight into the power of competing national discourse which co-exists, thereby shaping the internal and external nation brand.

Research limitations/implications

The study focuses on the visual arts and the context of Venezuela. Future research could expand this to look at the visual arts in other national or regional contexts.

Practical implications

The paper establishes visual art as central to expressing national identity and policy, and a tool for examination of national identity and policy. More broadly, the paper establishes public support for the (visual) arts as central to nation-branding projects providing insight for those engaged in such campaigns to prioritize arts funding.

Originality/value

The authors’ study indicates the marketing relevance of visualization of the nation through the arts and establishes the visual arts as a central tenant of the nation brand.

Details

European Journal of Marketing, vol. 52 no. 3/4
Type: Research Article
ISSN: 0309-0566

Keywords

Expert briefing
Publication date: 11 March 2022

Modification is expected to the tough sanctions which the Trump administration imposed on Venezuela’s oil sector. Washington has a geostrategic interest in peeling…

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