Chávez, Venezuela and the New Latin America: An interview by Aleida Guevara, Hugo Chávez

By Aleida Guevara, Hugo Chávez

  An intimate come across among the charismatic Venezuelan President Hugo Chávez and Che Guevara’s daughter Aleida   Is Venezuela the hot Cuba? Elected via an overpowering renowned mandate in 1998, which has been reaffirmed in elections numerous instances because, Hugo Chávez is one of Latin America’s such a lot outspoken political leaders this present day.   during this notable come upon, Chávez is interviewed by means of Aleida Guevara, the daughter of the mythical innovative Che Guevara. He expresses a fiercely nationalist imaginative and prescient for Venezuela and a dedication to a united Latin the US. He additionally discusses the importance of the army coup opposed to his executive in April 2002, Venezuela’s new democratic structure, the huge social courses undertaken as a part of the Bolivarian revolution and assesses his country’s family members with the USA and Cuba.   In what turned a remarkably intimate discussion over numerous days, Chávez is probed approximately his own political formation and his perspectives concerning the legacy of Che Guevara’s principles and instance in Latin the USA at the present time.   incorporated as an appendix is an unique interview with Venezuela’s former minister of protection Jorge García Carneiro, who performed a key position in defeating the 2002 coup opposed to Chávez. “There is a distinct Venezuela the place the wretched of the earth understand that they could loose themselves from their earlier. And this can be a diverse Latin America.” — Hugo Chávez       Aleida Guevara is the eldest daughter of Ernesto Che Guevara and Aleida March. She works as a pediatrician in Havana, Cuba, and is a fashionable determine within the anti-globalization stream.  THIS INTERVIEW can also be on hand ON DVD.

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A new political agreement in 1993 enabled the approval of several previously transitory modifications on a more permanent basis. Subsequent evidence rejected the prediction of critics of the 1990s tax reform, who claimed that it would have a negative impact on investment. 1). This high productive investment was the main factor behind the outstanding annual GDP growth, which rose from below 3% in 1974–89 to over 7% in 1990–8. As empirical studies show robustly, private investment, given its irreversibility, is positively correlated with real macroeconomic equilibria whenever they appear to be sustainable and fulfill two key conditions.

The model was able to show “growth” for several years, a circumstance that attracted extensive publicity in the national and foreign mass media. The prior sharp recession was underestimated or ignored by the media under a strong dictatorial regime. In brief, the 1980s ended with the Chilean economy recording a high rate of capacity utilization and growth of actual GDP. 9% annually, while per capita GDP only in 1988 reached the level it had exhibited in 1981. Additionally, the economy did show substantial disequilibria.

Obviously, trend GDP moves well below potential GDP or the productive frontier (see Annex and Chapter IX). The features of the Chilean rule implied a neutral fiscal policy with respect to the economic cycle, which involves progress with respect to the procyclical traditional norm of balancing actual fiscal budget period after period. Nevertheless, initially it did not move decidedly into a counter-cyclical rule, a shortcoming that became evident in 2001–3. Beyond the highly laudable progress achieved in facing international volatility, the evidence provided by 1999–2003 shows that there is a need for effective counter-cyclical policies to stabilize economic activity, and to become able to recover fast in recessions.

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