On 2/7/07, Yoshie Furuhashi <[EMAIL PROTECTED]> wrote:
More than half of Venezuela's export goes to the USA and nearly 30% of its import comes from the USA. That's heavy-duty dependency, it seems to me. How long would it take for Venezuela to replace the USA as buyer and seller if it lost it?
most V's exports to the US are oil, right? in which case, my argument about a US export embargo still applies. An import embargo on V would obviously hurt, but there are a lot of other countries that would sell to V (perhaps at higher prices). Of course, oil revenues could be used to pay for any higher prices. me:
> BTW, traditional dependency theory -- about how the structure of the > capitalist world economy distorts and stunts the economic development > of countries that had been under colonialist and/or neocolonialist > thumbs but are now formally independent -- is more sophisticated than > simply saying that just because country A trades a lot with country B, > country A is highly dependent on B. Sure, but, again, the conclusion would be the same. After all is said and done, Venezuela is among the most economically dependent on the USA.
you're using the word "dependency" differently than dependency theory does. -- Jim Devine / "The truth is more important than the facts." -- Frank Lloyd Wright
