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100 1 _aCORRALES, Javier
_933368
245 1 0 _aOs Estados de reformas defasadas e a questão da desvalorização :
_ba reação da venezuela aos choques exógenos de 1997-98
260 _aSão Paulo :
_bEditora 34,
_cjul./set. 2001
520 3 _aHaving just completed its second consecutive "lost decade", the Venezuela case confirms that there are no short cuts to sound political economic management in the era of high capital mobility and securitized capital flows. The maintenance of a muddling-through exchange rate strategy has triunphed, at least for the time being, and enabled an elite executive-level coalition to prevail in pursuing a less than optimal macroeconomic policy. The author argues that Venezuela has avoided a full-blown Mexican or Brazilian-style devaluation by virtue of the Central Bank's ability to effectively manage the exchange rate. However, this has been the only pocket of modernization, as policymakers throughout the rest of the state bureaucracy have rejected the kinds of market reforms that will be necessary to reverse the coutry's highly mediocre perormance. While high oil prices since 1999 have afforded politicians and policymakers the "luxury" of being a reform laggard, Venezuelan leaders seem determined to learn the hard way that international trends could again swing against them on a moment's notice
590 _aRevista de Economia Política 2001
590 _av. 21, n. 3(83)
773 0 8 _tRevista de Economia Política = Brazilian Journal of Political Economy
_g21, 3 , p. 195-225
_dSão Paulo : Editora 34, jul./set. 2001
_xISSN 01013157
_w
942 _cS
998 _a20071214
_b2127^b
_cMariana
998 _a20140205
_b1559^b
_ckarina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c25333
_d25333
041 _apor