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Bolivarian Revolution
The Bolivarian Revolution is a political process in Venezuela that was led by Venezuelan President Hugo Chávez, the founder of the Fifth Republic Movement and later the United Socialist Party of Venezuela (PSUV). The Bolivarian Revolution is named after Simón Bolívar, an early 19th-century Venezuelan revolutionary leader, prominent in the Spanish American wars of independence in achieving the independence of most of northern South America from Spanish rule. According to Chávez and other supporters, the Bolivarian Revolution seeks to build an inter-American coalition to implement Bolivarianism, nationalism and a state-led economy. On his 57th birthday, while announcing that he was being treated for cancer, Chávez announced that he had changed the slogan of the Bolivarian Revolution from "Motherland, socialism, or death" to "Motherland and socialism. We will live, and we will come out victorious." As of 2018, the vast majority of mayoral and gubernatorial offices are held ...
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Pink Tide
The pink tide ( es, marea rosa, pt, onda rosa, french: marée rose), or the turn to the left ( es, giro a la izquierda, link=no, pt, volta à esquerda, link=no, french: tournant à gauche, link=no), is a political wave and perception of a turn towards left-wing governments in Latin American democracies moving away from the neoliberal economic model in the 21st century. As a term, both phrases are used in contemporary 21st-century political analysis in the news media and elsewhere to refer to a move toward more economic progressive or social progressive policies in Latin America. Such governments have been referred to as " left-of-centre", "left-leaning", and "radical social-democratic". They are also members of the São Paulo Forum, a conference of left-wing political parties and other organizations from the Americas. The Latin American countries viewed as part of this ideological trend have been referred to as pink tide nations, with the term '' post-neoliberalism'' or '' ...
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Crisis In Venezuela During The Bolivarian Revolution
The crisis in Venezuela is an ongoing socioeconomic and political crisis that began in Venezuela during the presidency of Hugo Chávez and has worsened in Nicolás Maduro's presidency. It has been marked by hyperinflation, escalating starvation, disease, crime and mortality rates, resulting in massive emigration from the country. The situation is by far the worst economic crisis in Venezuela's history, and is also the worst facing a country in peacetime since the mid-20th century. The crisis is often considered to be more severe than that of the United States during the Great Depression, the 1985–1994 Brazilian economic crisis, or the 2008–2009 hyperinflation in Zimbabwe. Other writers have also compared aspects of the crisis, such as unemployment and GDP contraction, to that of Bosnia and Herzegovina after the 1992–1995 Bosnian War, and those in Russia, Cuba and Albania following the collapse of the Eastern Bloc in 1989 and the dissolution of the Soviet Union in 19 ...
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Caracazo
The ''Caracazo'' is the name given to the wave of protests, riots and looting. that started on 27 February 1989 in Guarenas, spreading to Caracas and surrounding towns. The weeklong clashes resulted in the deaths of hundreds of people, thousands by some accounts, mostly at the hands of security forces and the military.Amnesty International, March 1990, Reports of Arbitrary Killings and Torture:, February/March 1989, AI Index: AMR 53/02/90, https://www.amnesty.org/en/documents/amr53/002/1991/en/ The riots and the protests began mainly in response to the government's economic reforms and the resulting increase in the price of gasoline and transportation. Etymology The term, “Caracazo,” stems from the city’s name, Caracas, and “-azo,” which stems from another historic event, the Bogotazo, was a massive riot in Bogotá, recognized as having a crucial role in Colombia’s history. “Caracazo” is technically defined as the “Caracas smash” or “the big one in Caracas ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billi ...
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Carlos Andrés Pérez
Carlos Andrés Pérez Rodríguez (27 October 1922 – 25 December 2010) also known as CAP and often referred to as ''Venezuelan Spanish#Some examples of Spanish words common in Venezuela.2C including some native Venezuelanisms .28slang.29, El Gocho'' (due to his Andean origins), was a Venezuelan politician and the president of Venezuela from 12 March 1974 to 12 March 1979 and again from 2 February 1989 to 21 May 1993. He was one of the founders of Acción Democrática, the dominant political party in Venezuela during the second half of the twentieth century. His First presidency of Carlos Andrés Pérez, first presidency was known as the ''Saudi Venezuela'' due to its economic and social prosperity thanks to enormous income from petroleum exportation. However, his Second presidency of Carlos Andrés Pérez, second presidency saw a continuation of the economic crisis of the 1980s, a series of social crises, widespread riots known as Caracazo and 1992 Venezuelan coup d'état att ...
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Venezuelan Presidential Election, 1988
General elections were held in Venezuela on 4 December 1988. Dieter Nohlen (2005) ''Elections in the Americas: A data handbook, Volume II'', p555 The presidential elections were won by Carlos Andrés Pérez of Democratic Action, who received 52.9% of the vote, whilst his party won the most seats in the Chamber of Deputies and Senate. Voter turnout was 81.9% in the presidential election and 81.7% in the Congressional elections. Background Democratic Action President Jaime Lusinchi backed Octavio Lepage to succeed him as the party's candidate for the election, but in a primary election the party chose Carlos Andrés Pérez,The World
Los Angeles Times, 12 October 1987 (previously president ...
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Democratic Action (Venezuela)
Democratic Action ( es, Acción Democrática, AD) is a Venezuelan social democratic and centre-left political party established in 1941. The party played an important role in the early years of Venezuelan democracy, leading the government during Venezuela's first democratic period (1945–1948). A decade of dictatorship under Marcos Pérez Jiménez followed, which saw AD excluded from power. With the advent of democracy in 1958, four Presidents of Venezuela came from Acción Democrática from the 1950s to the 1990s during the two-party period with COPEI. In the 2015 legislative elections held on 6 December, AD backed the opposition electoral alliance Democratic Unity Roundtable (MUD) which managed to grasp a supermajority. AD won 26 constituency representatives out of 167 seats in the unicameral National Assembly, making it the second-largest party in opposition to Nicolás Maduro. In July 2018, AD left the Democratic Unity Roundtable opposition coalition. The current Ge ...
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Barcelona Centre For International Affairs
The Barcelona Centre for International Affairs (CIDOB) is a Spanish think tank headquartered in Barcelona, devoted to research in the field of international relations. It defines itself as an "independent institution" that studies specifically "global issues that affect governance at different levels, from international to local". Legally, CIDOB is a private foundation endowed with a board of trustees made up of the main public institutions and universities of Barcelona and Catalonia. Both the centre and the foundation are governed by statutes, a code of ethics, and a master plan. At present, CIDOB is the oldest think tank in Spain and one of the most influential in its area, at the European level. Name and acronym The centre's original name was, from 1973 onwards, ''Centre d'Informació i Documentació Internacionals a Barcelona'' (Barcelona Centre for International Information and Documentation), thus giving rise to the acronym CIDOB. Later on, the centre was referred to us ...
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Jaime Lusinchi
Jaime Ramón Lusinchi (27 May 1924 – 21 May 2014) was a Venezuelan politician who was the president of Venezuela from 1984 to 1989. His term was characterized by an economic crisis, growth of the external debt, populist policies, currency depreciation, inflation and corruption that exacerbated the crisis of the political system established in 1958. Although accused of corruption after leaving office, Lusinchi was popular during his presidency, and was succeeded by a member of his Acción Democrática political party, Carlos Andrés Pérez. Background Jaime Lusinchi was born in Clarines, Anzoategui, on 27 May 1924. His mother María Angelica Lusinchi, who was of Italian-Corsican descent, gave him her family name. Growing up without the presence of a father (who probably was an Italian immigrant), Lusinchi attended elementary school in his native Clarines and Puerto Píritu, and high school at the Federal School of Barcelona, Anzoátegui. In 1941 he began to study Medicine at ...
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Political Left
Left-wing politics describes the range of political ideologies that support and seek to achieve social equality and egalitarianism, often in opposition to social hierarchy. Left-wing politics typically involve a concern for those in society whom its adherents perceive as disadvantaged relative to others as well as a belief that there are unjustified inequalities that need to be reduced or abolished. Left-wing politics are also associated with popular or state control of major political and economic institutions. According to emeritus professor of economics Barry Clark, left-wing supporters "claim that human development flourishes when individuals engage in cooperative, mutually respectful relations that can thrive only when excessive differences in status, power, and wealth are eliminated." Within the left–right political spectrum, ''Left'' and ''Right'' were coined during the French Revolution, referring to the seating arrangement in the French Estates General. Those ...
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1980s Oil Glut
The 1980s oil glut was a serious surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $ per barrel in dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($ to $ in dollars). The glut began in the early 1980s as a result of slowed economic activity in industrial countries due to the crises of the 1970s, especially in 1973 and 1979, and the energy conservation spurred by high fuel prices. The inflation-adjusted real 2004 dollar value of oil fell from an average of $78.2 in 1981 to an average of $26.8 per barrel in 1986. In June 1981, ''The New York Times'' proclaimed that an "oil glut" had arrived and ''Time'' stated that "the world temporarily floats in a glut of oil". However, ''The New York Times'' warned the next week that the word "glut" was misleading, and that temporary surpluses had brought down prices somewhat, but prices were still we ...
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1992 Venezuelan Coup D'état Attempts
Year 199 ( CXCIX) was a common year starting on Monday (link will display the full calendar) of the Julian calendar. At the time, it was sometimes known as year 952 ''Ab urbe condita''. The denomination 199 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Mesopotamia is partitioned into two Roman provinces divided by the Euphrates, Mesopotamia and Osroene. * Emperor Septimius Severus lays siege to the city-state Hatra in Central-Mesopotamia, but fails to capture the city despite breaching the walls. * Two new legions, I Parthica and III Parthica, are formed as a permanent garrison. China * Battle of Yijing: Chinese warlord Yuan Shao defeats Gongsun Zan. Korea * Geodeung succeeds Suro of Geumgwan Gaya, as king of the Korean kingdom of Gaya (traditional date). By topic Religion * Pope Zephyrinus succeeds Pope Victo ...
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