| This thesis problematizes the concept of the 'Resource Curse', addressing the arguments of several theorists that resource dependence results in state monopolization of natural resource production, and causes poor development outcomes in resource dependent states. A single case study of the Venezuelan experience is used in order to take a longer-run historical approach that considers economic and political determinants of oil-dependent development starting with the impressive growth and emerging democracy of the post war period, economic stagnation of the 1980's and 1990's, and the divisive contemporary era of 'Chavismo'. To deconstruct the thesis that oil and development do not mix, each chapter explores the dynamic connections between the fiscal structure of the Venezuelan state, institutionalized patterns of political conflict and compromise, and their socio-economic consequences. It is argued that such a multi-faceted approach moves beyond static interpretations of the resource curse to grasp more firmly the ever-changing resource relationship. |
