Matches in DBpedia 2016-04 for { ?s ?p "From his election in 1998 until his death in March 2013, the administration of the late Venezuelan president, Hugo Chávez, proposed and enacted socialistic economic policies. In the early 2000s when oil prices soared and offered Chavez funds not seen since the beginning of Venezuela's economic collapse in the 1980s, Chávez's government became \"semi-authoritarian and hyper-populist\" and consolidated its power over the economy in order to gain control of large amounts of resources. Domestically, Chavez used such oil funds for populist policies, creating the \"Bolivarian Missions,\" aimed at providing public services to improve economic, cultural, and social conditions. Such policies included redistribution of wealth, land reform, and democratization of economic activity via workplace self-management and creation of worker-owned cooperatives. Internationally, the Chávez administration used oil production to increase autonomy from U.S. and European governments and used oil funds to promote economic and political integration with other Latin American nations.As Chávez began to increase domestic spending to build a loyal political following, high inflation, currency controls, an unfriendly environment with private businesses and the risk of default prevented the entrance of stronger foreign currencies into Venezuela. The Chávez government then turned to China to fund its overspending on social programs. Despite warnings near the beginning of Chávez's tenure in the early 2000s, Chávez's government continuously overspent in social spending and did not save enough money for any future economic turmoil, which Venezuela faced shortly before and after his death. Other industries suffered as a result of the over-reliance on oil, with the share of manufacturing in GDP dropping from 17.4% in 1998 when Chavez took office to 14.2% in 2012. As a result of Chávez's overspending and policies such as price controls, there were shortages in Venezuela and the inflation rate grew to one of the highest in the world."@en }
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- Economic_policy_of_the_Hugo_Chávez_government abstract "From his election in 1998 until his death in March 2013, the administration of the late Venezuelan president, Hugo Chávez, proposed and enacted socialistic economic policies. In the early 2000s when oil prices soared and offered Chavez funds not seen since the beginning of Venezuela's economic collapse in the 1980s, Chávez's government became \"semi-authoritarian and hyper-populist\" and consolidated its power over the economy in order to gain control of large amounts of resources. Domestically, Chavez used such oil funds for populist policies, creating the \"Bolivarian Missions,\" aimed at providing public services to improve economic, cultural, and social conditions. Such policies included redistribution of wealth, land reform, and democratization of economic activity via workplace self-management and creation of worker-owned cooperatives. Internationally, the Chávez administration used oil production to increase autonomy from U.S. and European governments and used oil funds to promote economic and political integration with other Latin American nations.As Chávez began to increase domestic spending to build a loyal political following, high inflation, currency controls, an unfriendly environment with private businesses and the risk of default prevented the entrance of stronger foreign currencies into Venezuela. The Chávez government then turned to China to fund its overspending on social programs. Despite warnings near the beginning of Chávez's tenure in the early 2000s, Chávez's government continuously overspent in social spending and did not save enough money for any future economic turmoil, which Venezuela faced shortly before and after his death. Other industries suffered as a result of the over-reliance on oil, with the share of manufacturing in GDP dropping from 17.4% in 1998 when Chavez took office to 14.2% in 2012. As a result of Chávez's overspending and policies such as price controls, there were shortages in Venezuela and the inflation rate grew to one of the highest in the world.".