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Review of Radical Political Economics
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Structural Changes and Planning of the Economy in Revolutionary Venezuela

Paulo Nakatani

Department of Economics, Federal University of Espírito Santo, Brazil, paulonakatani{at}gmail.com, pnakatani{at}uol.com.br

Rémy Herrera

CNRS, Centre d'Économie de la Sorbonne, University of Paris 1, Panthéon Sorbonne, Paris, France, herrera1{at}univ-paris1.fr

This paper analyzes the structural changes during the Bolivarian revolution in Venezuela, especially regarding the role of the State in production and macroeconomic policies. It examines the institutional changes needed in the transition towards a planned economy and a socialist society. It underlines both the contradictions to be solved after the defeated December 2007 Constitutional Reform referendum, and the urgent necessity of such changes to reach a more egalitarian society.

Key Words: planning • transition • socialism • State • democracy

This version was published on September 1, 2008

Review of Radical Political Economics, Vol. 40, No. 3, 292-299 (2008)
DOI: 10.1177/0486613408320019
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