STATE-SOCIETY RELATIONS IN THE CONTEXT OF OIL-LED ECONOMY: THE CASE OF VENEZUELA IN THE 2000S

Date

2024-1

Author

Cennetkuşu, Alperen

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The dynamics of state-society relations in economies reliant on oil revenues have consistently constituted a pivotal arena of research. Venezuela's oil dependence is associated with the Resource Curse and Rentier State concepts in conventional literature. However, their analysis is predominantly confined to specific domestic policy dimensions by neglecting class dynamics of state-society relations and International Political Economy (IPE). This study aims to fill this gap by elaborating on the case of Venezuela during the 2000s while examining the phenomena of oil dependency. The study seeks to find an alternate answer to why the oil dependency was maintained during the Hugo Chávez era despite the radical promises to ensure long-term development and a productive economy. The arguments are laid out from two analytical points. Firstly, the transformation of the state and class structure brought about the new bourgeoisie class, the so-called bolibourgeoisie. However, the emerging bolibourgeoisie was bolstered by the existing oil revenues implemented by the state. Therefore, oil dependence has demonstrated an increasing continuum during this period. Secondly, the uneven neoliberal dynamics have still shaped the position of Venezuela within the international division of labor as an oil-producer country. In this respect, along with the domestic dynamics, international capitalist practices mold Venezuela's oil dependency. Hence, the study demonstrates that domestic and international dynamics interrelatedly shape the form of economic development and state-society relations in Venezuela during the Chávez period.

Subject Keywords

Hugo Chávez, Oil, Venezuela

URI

https://hdl.handle.net/11511/107780

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Graduate School of Social Sciences, Thesis