VENEZUELA'S OIL MYTHOLOGIES HAVE HINDERED ITS DEVELOPMENT

Cultural myths — and by extension, the suppositions they inspire — have played a major role in shaping Venezuela's relationship with and management of oil resources throughout much of the last 100 years, writes nonresident fellow Luis Pacheco. To achieve sustainable economic and social development, Venezuela must move beyond such beliefs and establish a new approach that is more attuned to current times. 


BAKER INSTITUTE FOR PUBLIC POLICY - ISSUE BRIEF 02-05.18