IESET.
Drift overview·VEN

Venezuela

net statist drift6 movements coded · 19742013·final composite drift: +33.0
tone legendleft / state-expansionright / marketcentrist / mixedauthoritarian

Composite statist-drift trajectory with movements

fiscal axes — what moved and which way

sectoral subsidyspending leveltransfer expansion

regulatory axes — what moved and which way

financial deregulationproduct market competitionsectoral licensingtrade openness

monetary axes — what moved and which way

central bank independencemonetary expansion direction

institutional axes — what moved and which way

property rightsrule of law

Movement timeline (6)

YearMovement
1974–1979Pérez AD first term — oil nationalisation, 'Gran Venezuela'
venezuela_perez_first_term_1974_1979
1979–1984Herrera Campins COPEI — counter-shock, 'Viernes Negro' devaluation
venezuela_herrera_copei_1979_1984
1989–1993Pérez AD second term — Gran Viraje, Caracazo, Chávez coups, impeachment
venezuela_perez_second_term_1989_1993
1994–1999Caldera Convergencia — banking crisis, Agenda Venezuela, Chávez pardoned
venezuela_caldera_convergencia_1994_1999
1999Chavismo / Bolivarian Revolution (Venezuela)
venezuela_chavismo_bolivarian_1999_present
2013Maduro-era Venezuela (distinct from Chávez era)
venezuela_maduro_era_distinct_2013_present