12 Pages Posted: 27 Oct 2010
Date Written: October 26, 2010
This paper considers the degree to which Venezuela was able to exercise autonomy in foreign political and economic spheres over a 60 year period from the 1930s to the 1960s. An oil rich but relatively weak state, Venezuela succeeded, over time, in carving out increased levels of economic autonomy from foreign multi-nationals, often in return for political support for the regional hegemon. Venezuela’s success in this regard was somewhat dependent on external events; World War II and the Cuban revolution in particular, providing changing the opportunity structures facing the country in such a way as to facilitate economic gains by enterprising local leaders as a quid pro quo for a relatively dependent position in the foreign political sphere.
Keywords: Oil, Venezuela, Foreign Policy, Latin America, Cold War, International Politics, Dependency
JEL Classification: N16, F23, N46, N56, N52, O54, P52, Q48
Suggested Citation: Suggested Citation
Kevlihan, Robert, Foreign Policy Making in America's Back Yard: The Case of Venezuela, 1936-1969 (October 26, 2010). Available at SSRN: https://ssrn.com/abstract=1698191 or http://dx.doi.org/10.2139/ssrn.1698191