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Fact-based, data-driven research and analysis to advance democratic debate on vital issues shaping people’s lives.
Center for Economic and Policy Research
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July 2007, Mark Weisbrot and Luis Sandoval
This paper examines how Venezuela’s economy has fared since President Hugo Chávez was elected in 1998. The paper looks at growth, employment, poverty, investment and other indicators, and considers the popular conception of whether the current economic expansion is an “oil boom headed for a bust.”