Chapter

Introduction

Ralph S. Clem and Anthony P. Maingot

in Venezuela's Petro-Diplomacy

Published by University Press of Florida

Published in print January 2011 | ISBN: 9780813035307
Published online September 2011 | e-ISBN: 9780813038292 | DOI: http://dx.doi.org/10.5744/florida/9780813035307.003.0001
Introduction

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The book focuses on continuity and change in Venezuela's petro-diplomacy. Venezuela's foreign trade deals connected directly to both the paramount energy security issue and the desire to limit U.S. influence, but they also illustrated the limitations inherent in the inertial international economic system. The economic fate of Venezuela rested on its capacity to exploit that resource and, perhaps even more so, on the price set by the international market. By 1976, Venezuela's oil-driven foreign policy initiatives had run out of steam. They came up against the same two powerful hemispheric forces that had stymied Bolívar a century and a half before: fragmentation and nationalist rivalry. The chapters in this book offer insights into a wide array of questions hanging over Venezuelan foreign policy and the leadership of the maverick president, Chavez.

Keywords: Hugo Chavez; petro-dilomacy; Venezuela; foreign trade; foreign policy; international market; oil economy

Chapter.  5855 words. 

Subjects: Society and Culture

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