On 2/7/07, Jim Devine <[EMAIL PROTECTED]> wrote:
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.
How dependent is Venezuela's oil production on import (capital,
hardware, software, expertise, etc.) to keep it going?
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.
In the immediate sense, yes, though why Venezuela has become so
dependent on oil revenues is the sort of topic dependency theory might
cover.
--
Yoshie
<http://montages.blogspot.com/>
<http://mrzine.org>
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