Download or read book The Political Economy of Venezuelan Oil written by Laura Randall and published by Praeger. This book was released on 1987-11-17 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Political Economy of Venezuelan Oil describes the historic role of multinationals in establishing the oil industry there and the resulting coordination of an integrated, nationalized industry. Randall posits that the nationalization of the Venezuelan oil industry was strikingly different from that in Brazil and Mexico. Besides giving a detailed description of the structure and management of this industry, she also provides a history of labor conditions and an analysis of the impact of the oil industry on Venezuela's overall economy.