DEPENDENCIA DE LA RENTA PETROLERA Y POTENCIAL EXPORTADOR PARA LA DIVERSIFICACIÓN ECONÓMICA DE VENEZUELA

IBEROAMÉRICA,Росия. 2021. No. 1. P. 72–95.

Sidorenko T., Espinoza M. K.

The article is based on the analysis of the rentier culture that Venezuela has had of the mono-export of raw materials and specifically of oil. Situation that has kept it in a highly vulnerable position due to the fact that the country's export market is based 83% on the sale of oil and its external income is subject to the volatility of prices in the international financial market. Coupled with the precarious economic, political and social situation, they have plunged the South American country into the worst collapse in its entire history. For 60 years and up to the present, policies have been designed for the country's foreign trade, in order to diversify national production, and reduce dependence on oil income, but none have been effective enough to achieve the expansion and development of the apparatus national productive. Venezuela has strong potential of natural resources that favor diversification, but this requires investment and international financing, technological development and infrastructure to lift the country out of the deep crisis in which it is submerged. Methodologically, our research is of an analytical historical nature, which, using qualitative data and descriptive statistics, seeks to understand the aforementioned phenomena

Keywords: diversification, Venezuela, exports, dependence, imports, economic crisis, non-traditional products, oil income