A new benchmark for development
I’ve been traveling through Chile with my family for most of the past week. As is typical when Venezuelans come to Chile, they have been amazed at the...
Economy
The backstory on Central Azucarero Sucre
A reader fills in the backstory on Central Azucarero Sucre, where the government has been – ahem – creatively applying its own inamovilidad laboral decree… I first visited...
It's hard out here for a rapidito...
In cities like Barquisimeto, public transport means more than just buses. Some routes are covered by what’s known here as carritos por puesto or rapiditos: passenger cars that...
How to Flout the Layoff Freeze and Live to Tell the Tale
Unpaid severance pay? Mass layoffs? In direct contravention of the inamovilidad laboral decrees? Man, these guys are so getting expropriated! …oh, wait.
Domingo Sifontes and Luis Oliveros up for another round on the gas subsidy
So after the heated controversy in the blog last week, I thought I’d invite Domingo Sifontes and Luis Oliveros to a “derecho a réplica”. Acá la tienen. En...
The original paper by Luis Oliveros and Domingo Sifontes
On the cost of the gasoline subsidy from SIC can be downloaded here – courtesy of GEHA and a scanner. (Don’t worry, the PDF is virus-free.) (No idea...
Not even the economic reporters have basic economic literacy...
How bad is the problem with economic illiteracy in Venezuela? It’s bad enough that even people whose whole job it is to write about the Venezuelan economy for...
Not all GDP numbers are made alike
My latest over at Foreign Policy’s Transitions blog.
The cost of Venezuela's oil discounts
$100 billion. That’s how much oil discounts have cost Venezuela since 1999, according to estimations by a group of oil researchers who go by the name of Subaeshi....
The BusCaracas that never comes
Travel in and out of Puerto Cabello and you’ll pass in front of the local Airport and the Naval Base next door. In recent months, you’ll have noticed...
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