It depends on how you define developing.

Regardless, Chavez's economic reforms are ramping up inflation at astonishing rates while Chavez's popular support is quickly decling.

How do you define developing?

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"Have you no decency, sir? At long last, have you left no sense of decency?"
-Joseph Welch

Considering that you asked the question it's incumbent on you to define developing.

Wikimedia Error

I'm cool with Wikipedia's definition.

You'll notice that the IMF lists Venezuela as a developing country.

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"Have you no decency, sir? At long last, have you left no sense of decency?"
-Joseph Welch

18 successive quarters of economic growth = an absurd economy ?

I would hate to see what it takes to be a success in your book.

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Viva Fidel

If there ever was in the history of humanity an enemy who was truly universal, an enemy whose acts and moves trouble the entire world, threaten the entire world, attack the entire world in any way or another, that real and really universal enemy is precisely Yankee imperialism

They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America?

Why does the American right go so out of the way to bash Chavez?

Really Leave him alone Let them do their thing we will do ours. Wait I know its because he presents a threat to the Milton Friedman thought process.

We will see when this Nation is older. It takes time especially when America hates you so.

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Why criticize Chavez? Why does Chavez criticize the US to the point where even his friends tell him to shut up? Because he's an irrational fascist who has allied himself with terrorists and dictators.

No matter though. He's damaging the Venezuelan economy, his citizens are tiring of his failures and he is likely to be voted out of office in the next election.

Developing country?

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"Have you no decency, sir? At long last, have you left no sense of decency?"
-Joseph Welch

If the IMF says that it is then I'll agree that by definition Venezuela is a developing country, and developing poorly.