Economic Performance (original) (raw)

This chapter makes an economic analysis of the Venezuelan economy between 1998 and 2018. It evaluates the economic policies applied by Chávez's and Maduro's administration, which were summarized in the last chapter. Particularly, the chapter investigates and tries to elucidate the evolution of the main economic and social parameters in the nation over the period, particularly in light of two questions: why did the Venezuelan economy show declining rates of economic growth over time? And what were the reasons for the severe crisis that occurred since the beginning of the second decade of the present century? The chapter argues that these behavior results from multiple causes. They involve the following ones: