Michael L. writes:
Aside from the substantial investments in developing human capabilities, much money is going into development of basic industry sectors and of production chains that break the dependence upon foreign fabricators of local resources (in the classic colonial pattern).
This sounds like an important point -- and perhaps widely overlooked outside of Venezuela*. Is there a good reference that factually runs through the specifics, (and/or do you have any time for a bit of elaboration)? TIA Paul * (for example, at a recent Development Conference at the Grad Faculty of the New School a prominent left Professor of Economics recently expressed concern that Venezuela was NOT undertaking that sort of physical investment in a room full of "experts", no one contradicted him).
