February, 05 2009, 05:31pm EDT
For Immediate Release
Contact:
Dan Beeton, 202-239-1460
Report Examines Economy and Social Indicators During the Chavez Decade in Venezuela
The Center for Economic and Policy Research (CEPR) released a report today on the Venezuelan economy on the tenth anniversary of President Hugo Chavez's tenure, which began in February 1999.
WASHINGTON
The Center for Economic and Policy Research (CEPR) released a report today on the Venezuelan economy on the tenth anniversary of President Hugo Chavez's tenure, which began in February 1999.
"Looking at the economic data and social indicators, it's not difficult
to see why Chavez remains popular and has won so many elections,
despite overwhelmingly hostile media coverage," said Mark Weisbrot, Co-Director of CEPR and lead author of the report, "The Chavez Administration at 10 Years: The Economy and Social Indicators."
Among the highlights:
- The
current economic expansion began when the government got control over
the national oil company in the first quarter of 2003. Since then, real
(inflation-adjusted) GDP has nearly doubled, growing by 94.7 percent in
5.25 years, or 13.5 percent annually. - Most
of this growth has been in the non-oil sector of the economy, and the
private sector has grown faster than the public sector. - During
the current economic expansion, the poverty rate has been cut by more
than half, from 54 percent of households in the first half of 2003 to
26 percent at the end of 2008. Extreme poverty has fallen even more, by
72 percent. These poverty rates measure only cash income, and do not
take into account increased access to health care or education. - Over
the entire decade, the percentage of households in poverty has been
reduced by 39 percent, and extreme poverty by more than half. - There
have been substantial gains in education, especially higher education,
where gross enrollment rates more than doubled from 1999-2000 to
2007-2008. - Over the past decade, the number of social security beneficiaries has more than doubled.
- Real (inflation-adjusted) social spending per person more than tripled from 1998-2006.
The
report also examines the current economic situation and how the country
will be affected by lower oil prices. It concludes that because of
Venezuela's large accumulation of foreign exchange reserves, it is
unlikely to run into balance of payments problems even if oil prices
remain depressed for much longer than analysts and oil futures markets
are anticipating. The most important and immediate challenge for
Venezuela, according to the analysis in this report, will be to
implement a timely and adequate fiscal stimulus package to counteract
the effects of the global recession. Over the long run, the analysis
also sees a need for a more competitive exchange rate in order to
diversify away from oil.
The Center for Economic and Policy Research (CEPR) was established in 1999 to promote democratic debate on the most important economic and social issues that affect people's lives. In order for citizens to effectively exercise their voices in a democracy, they should be informed about the problems and choices that they face. CEPR is committed to presenting issues in an accurate and understandable manner, so that the public is better prepared to choose among the various policy options.
(202) 293-5380LATEST NEWS
Russia's Putin Secures Another Term
The controversial leader won a record number of votes for a post-Soviet candidate even as opponents organized a protest at noon on the election's third and last day.
Mar 17, 2024
Despite protests on Sunday, Russian President Vladimir Putin won reelection with more votes than any candidate since the fall of the Soviet Union.
Exit poll the Public Opinion Foundation (POF) put the final tally after three days of voting at 87.8%, the Russian Public Opinion Research Center (VCIOM) at 87%, and Russia's Central Election Commission (CEC) at 87.3%. Putin will now serve another six-year term, meaning he will have been at the helm of the Russian state for longer than any leader since Catherine the Great, surpassing Josef Stalin.
The election comes less than a month after the second anniversary of Russia's invasion of Ukraine and is likely to lead to more tensions between the Russian and U.S. governments.
"It gives me some hope to see how many people are not happy with the dictatorship, the war, with what's happening in Russia."
"For a U.S. administration that hoped Putin's Ukraine adventure would be wrapped up by now with a decisive setback to Moscow's interests, the election is a reminder that Putin expects that there will be many more rounds in the geopolitical boxing ring," Nikolas Gvosdev, director of the National Security Program at the Foreign Policy Research Institute, told the Russia Matters project.
With most of Putin's prominent opponents either dead, imprisoned, or in exile, the elections results were considered a foregone conclusion by both friends and foes of his administration.
A Putin spokesperson said in 2023 that the election was "not really democracy" but instead "costly bureaucracy," according to CNN. Meanwhile, a spokesperson for the White House National Security Council said the election was "obviously not free nor fair."
However, Russian opponents of Putin did find a way to demonstrate their position with a protest called "Noon Against Putin." The protest was called for by St. Petersburg politician Maxim Reznik, according to The Guardian. Participants were instructed to head to a polling place at noon and cast a paper ballot for one of the candidates running against Putin, or to write-in another candidate or spoil their ballot.
Russian opposition leader Alexei Navalny had endorsed the protest before his death last month in a Russian prison, leading the Independent Novaya Gazeta newspaper to dub it "Navalny's political testament."
The action drew crowds to polling places both in Russian cities like Moscow, St. Petersburg, and Yekaterinburg and at Russian embassies around the world.
"This is the first time in my life I have ever seen a queue for elections," one woman waiting in line in Moscow told
CNN. Russian journalists reported that the lines at some stations within the country reached the thousands, according to Reuters.
Navalny's widow, Yulia Navalnaya, who had also endorsed the protest, voted at the embassy in Berlin, while several protesters gathered outside the embassy in London.
"I expected there to be a lot of people, but not this many," London-based participant Maria Dorofeyeva told The Guardian, adding, "It gives me some hope to see how many people are not happy with the dictatorship, the war, with what's happening in Russia. And we want to stop it."
Ruslan Shaveddinov of Navalny's Anti-Corruption Foundation told Reuters:
"We showed ourselves, all of Russia and the whole world that Putin is not Russia (and) that Putin has seized power in Russia."
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The Maryland senator defended the organization on CBS and said there was no evidence that it was a "proxy for Hamas."
Mar 17, 2024
U.S. Senator for Maryland Chris Van Hollen continued his defense of the United Nations Relief and Works Agency for Palestine Refugees in the Near East and its work in Gaza in an appearance on CBS News' "Face the Nation" on Sunday.
"The claim that Prime Minister [Benjamin] Netanyahu and others are making that somehow UNRWA is a proxy for Hamas are just flat out lies, that's a flat out lie," he told journalist Margaret Brennan.
The U.S. was one of many Western countries that paused funding for UNRWA after the agency announced in January that it had fired 12 staffers over Israeli allegations that they had been involved in Hamas' October 7 attack on Israel. However, some countries including Canada, Sweden, the European Union, and Australia have since restored funding. A report has also emerged that Israel tortured UNRWA staffers into falsely confessing to involvement in the Hamas attack.
"Netanyahu has wanted to get rid of UNRWA because he had seen them as a means to continue the hopes of the Palestinian people for a homeland of their own."
Van Hollen's remarks on Sunday come days after he argued for the restoration of UNRWA funds on the floor of the U.S. Senate and criticized Republican legislators who wanted to permanently end funds for the organization that supports some 6 million Palestinian refugees in countries across the Middle East, including around 2 million in Gaza.
During his speech, he pointed out that the Netanyahu government had not shared the underlying evidence that UNRWA staffers participated in October 7 with either UNRWA itself or the U.S. government. He also urged his colleagues to read a classified Director of National Intelligence report on Netanyahu's claims of UNRWA complicity with Hamas.
On "Face the Nation," Van Hollen said that the person in charge of operations on the ground in UNRWA was a 20-year U.S. Army veteran.
"You can be sure he is not in cahoots with Hamas," the senator told Brennan.
He also repeated claims that Netanyahu has wanted to eliminate UNRWA entirely since at least 2017.
"Netanyahu has wanted to get rid of UNRWA because he had seen them as a means to continue the hopes of the Palestinian people for a homeland of their own," Van Hollen said, adding that the right-wing Israeli leader's "primary objective" was preventing the formation of a Palestinian state.
However, the dismantling of UNRWA would be especially catastrophic amid Israel's ongoing bombardment and invasion of Gaza, which has killed more than 31,000 people and put the survivors at risk of famine. No other organization has the infrastructure in place to distribute the necessary aid.
"If you cut off funding for UNRWA in Gaza entirely, it means more people will starve, more people won't get the medial assistance they need, and so it would be a huge mistake," Van Hollen said.
He also said that only 14 of the agency's 13,000-strong staff in Gaza had been accused of participating in the October 7 attack.
"We should investigate it, we should hold all those people accountable, but for goodness' sake, let's not hold 2 million innocent Palestinian civilians who are dying of starvation... accountable for the bad acts of 14 people."
Van Hollen also repeated his call for President Joe Biden to condition the sale of offensive military weapons to Israel on the country obeying international law and allowing aid into Gaza. While Israel sent the U.S. a letter saying it was in compliance with the law, "the day it was signed, clearly the Netanyahu government is not in compliance, because we see that they're continuing to restrict humanitarian assistance," he told Brennan.
Also on "Face the Nation" Sunday, United Nations International Children's Emergency Fund (UNICEF) Chief Executive Catherine Russell described the impact that a lack of aid was having on the children of Gaza.
"We know now that children are dying of malnutrition in Gaza," she told Brennan.
Russell said that not enough aid was reaching those who needed it, calling both air drops and sea deliveries "a drop in the bucket."
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"They are continuing to do similar things today to try to fool people and pull the wool over people's eyes just in the name of greed," the former vice president said.
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In reflecting on nearly 50 years of climate advocacy, former Vice President Al Gore said that he had "underestimated" the greed of the fossil fuel industry.
The remarks came in an interview published in USA Today on Sunday. When asked if he had any regrets, Gore responded that he had "put every ounce of energy" he had into climate advocacy, but added:
"I was pretty slow to recognize how important the massive funding of anti-climate messaging was going on. I underestimated the power of greed in the fossil fuel industry, the shamelessness in putting out the lies."
"They are continuing to do similar things today to try to fool people and pull the wool over people's eyes just in the name of greed," Gore continued.
"What's at stake is so incredible."
Gore, who tried to raise awareness about the climate crisis in the U.S. House of Representatives as early as 1981 and brought the issue to national attention in 2006's documentary An Inconvenient Truth, has taken a harsher tone against oil, gas, and coal companies in recent months. In August 2023, he said that the "climate crisis is a fossil fuel crisis," and in September, he implored the industry to "get out of the way." In December, he lamented that the industry had "captured the COP process," referring to the appointment of the United Arab Emirates national oil company CEO Sultan Ahmed Al Jaber to preside over the United Nations' COP28 climate conference in that country.
In the USA Today interview, Gore also named the fossil fuel industry when asked about his greatest frustration.
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"We've got all the solutions we need right now to cut emissions in half before the end of this decade," he said. "We've got a clear line of sight to how we can cut the other 50% of emissions by mid century."
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