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Comrade Joe · #9 (**permalink**) 06-12-2008, 09:49 AM

Quote:

Originally Posted by Drakej

Yeah getting robbed is on par with being murdered. Any ways.

What is Venezuela adding to the global market aside from oil? Do they even really export any thing at all? I am headed to work but will do a little more reading when I get back home. It just seems to me that Venezuela is small enough that if it does any thing at all then it has a better chance of turning a profit. I am not so sure this has to do with it being a socialist economy or a capitalistic one.

Here is a bit on what Venezuela trades in. They have many resources, not just oil.

Quote:

Natural resources: Petroleum, natural gas, coal, iron ore, gold, diamonds, bauxite, other minerals, hydroelectric power.
Petroleum industry (28% of GDP): Oil refining, petrochemicals.
Manufacturing (17% of GDP): Types--iron and steel products, paper products, aluminum, textiles, transport equipment, consumer products.
Agriculture (4% of GDP): Products--corn, sorghum, rice, bananas, vegetables, coffee, beef, pork, milk, eggs, fish.
Trade: Exports (2007)--$69.2 billion: petroleum ($62.5 billion), aluminum, steel, chemical products, iron ore, cigarettes, plastics, fish, cement, and paper products. Major markets (2005)--U.S. 57.5%, the Netherlands 5.2%, Mexico, 4.5%, Colombia 4.5%. Imports (2007)--$45.5 billion: consumer goods, machinery and transport equipment, manufactured goods, construction materials. Major suppliers (2006)--U.S. 30.2%, Brazil 10.1%, Colombia 9.9%, Mexico 6.8%, China 6.7%.

Venezuela (06/08)

While iot may be easier to make a smaller economy grow, it should be noted that under 30 years of neo liberal economics Venezuela was in a recession worst than most of Africa, under 10 years of a mixed socialist economy it is growing. I think that speaks volumes.