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Ciupa K: The Political Economy of Oil in
Venezuela

The Political Economy of Oil in Venezuela

Class Conflict, the State, and the World Market

Acknowledgements 
Abbreviations 
 
Introduction: The New Left and Venezuelan Oil Development 
 1 Neoliberalism 
 2 The New Latin American Left 
 3 Neoliberal Reform and the Caracazo in Venezuela 
 4 The Bolivarian Revolution and Twenty-First Century Socialism 
 5 Structure of the Book 
 
1 Rentier Accumulation and State and Class Formation 
 1 Theorising Oil-Exporting Countries 
 2 Marxian Theory of Rent 
 3 International Oil Rents and Pricing 
 4 The Capitalist State 
 5 Class Relations 
 6 Conclusion 
 
2 The History of Venezuelan Oil Development 
 1 1800–1907: Pre-Oil Venezuela and the Advent of the Global Oil Industry 
 2 1908–1957: The Birth of the Venezuelan Oil Industry 
 3 1958–1982: The Pact of Punto Fijo and Oil Nationalisation 
 4 1983–1998: Neoliberalism and the Internationalisation of the Oil Industry 
 5 Conclusion 
 
3 The New Left and the Bolivarian Revolution from 1999 to 2016 
 1 The Trajectory of the New Latin American Left 
 2 1999–2000: The New Constitution and Moderate Reform 
 3 2001–2004: Anti-Neoliberalism and Oil Reform 
 4 2005–2008: Twenty-First Century Socialism and Social Welfare Reform 
 5 2009–2016: Crisis and Declining Oil Revenues 
 6 Conclusion 
 
4 Rent Collection and Distribution under the Bolivarian Government 
 1 Reform and Rent Capture 
 2 Rent Distribution Mechanisms 
 3 Conclusion 
 
5 Oil, Class Conflict, and the Limitations of the Venezuelan State 
 1 International Oil Relations and the Limits of Venezuelan Oil Development 
 2 The Venezuelan Capitalist and Landlord State 
 3 Class Politics and the Bolivarian Project 
 4 Politicising Rent 
 5 Conclusion 
 
6 Conclusion 
 1 Neoclassical Economics and the Dutch Disease 
 2 Institutionalist Perspective 
 3 Marxian Theory of Rent 
 4 International Oil Relations, Pricing and Rent Formation 
 5 The New Latin American Left 
 6 The Venezuelan State 
 7 Social Property Relations 
 
List of Interviewees 
Bibliography 
Index

World Scientific Studies in International Economics

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Working for Ford

The Oxford Handbook of the Egyptian Economy

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Microfinance in Cambodia

Offering an excellent overview of critical approaches to international payment systems, this open access volume re-introduces the contemporary relevance, origins and aims of the International Clearing Union (ICU), a concept associated with J. M. Keynes and with debates of continued contemporary importance to global political economy. This volume focuses on how ICU proposals interact with economic theory and normative principles of ethics and politics. It examines key contemporary political issues including de-dollarisation, development, overcoming nationalism, principles of fairness in trade and finance, commodity pricing, fixed vs. floating exchange rates, capital controls, the need for planning, and global public investments, as well as urgent issues of climate emergency and ecological breakdown. As such, this important volume provides a wide range of perspectives from both the Global North and Global South, as well as from different disciplines including politics, economics and political theory. 'The ebook editions of this book are available open access under a CC BY-NC-ND 4.0 licence on bloomsburycollections.com. Open access was funded by The University of Helsinki.

Bringing the Idea of International Clearing Union into the Twenty-First Century

Deweaponizing Interdependence

Economic Organization of the British Coal Industry (1934) is a study that shows on the one hand the organization of the coal industry in Britain in the 1930s in conjunction with the economic forces working behind the industry, and on the other hand shows the influence of political, authoritarian thought on its structure.

Economic Organization of the British Coal Industry

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