This paper continues a debate over the extent of economic and social progress in Venezuela that began with an article in the March/April 2008 issue of Foreign Affairs. This article argued that “a close look at the evidence reveals just how much Chávez's 'revolution' has hurt Venezuela's...

This paper looks at allegations against the government of Venezuela in Foreign Affairs' recently published article, "An Empty Revolution: The Unfulfilled Promises of Hugo Chávez" (March/April 2008), in light of available data. It shows that some of the allegations are altogether wrong, and...

Venezuela’s current growth is generally described as unsustainable, with various negative scenarios put forth, including spiraling debt, inflation, and balance of payments crises. However, these pessimistic forecasts have been far off the mark for most of the past decade. This paper looks at...