Exploring Social Identity and the Acculturation Process Of

Total Page:16

File Type:pdf, Size:1020Kb

Exploring Social Identity and the Acculturation Process Of EXPLORING SOCIAL IDENTITY AND THE ACCULTURATION PROCESS OF VENEZUELAN UNDERGRADUATE STUDENTS AT A MIDWESTERN U.S. UNIVERSITY Sarah Orosz-Dellinger A Thesis Submitted to the Graduate College of Bowling Green State University in partial fulfillment of the requirements for the degree of MASTER OF ARTS May 2013 Committee: Dr. Patricia Kubow, Advisor Dr. Hyeyoung Bang Dr. Ruben Viramontez Anguiano ii © 2013 Sarah Orosz-Dellinger All Rights Reserved iii ABSTRACT Dr. Patricia Kubow, Advisor This multiple case study sought to explore the process of acculturation on stress levels, coping strategies, and social identity choices of six international undergraduate students from Venezuela studying at a Midwestern U.S. university. This study analyzed the personal experiences of three male and three female participants who have been studying from 1-4 years in a Midwestern university. Findings explicated that all participants experienced some degree of acculturative stress including difficulty with the English language, practicing new cultural behaviors, and in some cases, discrimination from the host society. All participants engaged in retaining and forming social networks as a method to cope with these stresses. The majority of the participants reported feeling a more familial social bond with co-nationals during their sojourn, although participants actively established social networks with host nationals as well in order to learn about or integrate into mainstream U.S. society. Social mobility between co-national and host national social groups in various social contexts was also reported. Thus, this study found that international students from Venezuela studying at a Midwestern U.S. university experience acculturative stress as a result of intercultural contact and manage this stress by both retaining and forming social identities with co-national and host national social groups within the new sociocultural context of the U.S. iv DEDICATION For those individuals who were unafraid to go to great lengths and engage in a grand journey in order to learn about themselves and find their place in the world. v ACKNOWLEDGMENTS I would like to begin by offering my deepest and most sincere thanks to the three professors of my thesis committee. First, I want to offer my gratitude to my thesis chair, Dr. Kubow, for the professional guidance she offered throughout the entire duration of this project. I am thankful for her positive encouragement and incredibly constructive advice from the earliest stages of this project to its final draft. Also, I would like to offer thanks to Dr. Bang for serving as my methodologist and for offering both her support and her expertise as a researcher; truly such knowledge was invaluable to the success of this thesis. I also want to extend a heartfelt thank you to Dr. Ruben for his extreme willingness to always be of assistance and his generous offers to discuss the progression of my project despite his ever-busy schedule. I also want to take this time to grant a much-deserved thank you to my dear parents, Mary and Craig, for always believing in me, instilling in me the values of perseverance and hard work, and for teaching me that I can accomplish whatever I set my mind to. Also, I lovingly thank Ann and Bill, who are both members of my family and a source of wisdom and solace when the challenges of life become overwhelming for me to endure. Finally, I want to thank my caring and brilliant husband, Adam, without whom this piece would not exist today. Adam, your considerate, supportive nature, ceaseless positive reinforcement and ever reasonable mindset have helped mold me into the strong, confident individual that I am, and I love you. vi TABLE OF CONTENTS Page CHAPTER I. INTRODUCTION ......................................................................................... 1 Background of the Study ........................................................................................... 3 Justification for the Study .......................................................................................... 5 Purpose of the Study and Research Questions .......................................................... 6 Organization of the Chapters ..................................................................................... 8 List of Key Terms ...................................................................................................... 9 CHAPTER II. LITERATURE REVIEW ............................................................................. 11 Venezuela’s Social-Based Democracy and the Chávez Presidency .......................... 11 Higher Education for All ............................................................................... 15 Bolivarian Missions ....................................................................................... 15 Social Missions .................................................................................. 16 Educational Missions ......................................................................... 17 Mission Sucre ................................................................................................ 18 Institutional Quality ........................................................................... 19 University Students and the Educational Brain Drain ....................... 21 Bolivarian Values .............................................................................. 22 Traditional Values ............................................................................. 23 The Psychology of Acculturation .............................................................................. 25 Acculturation Framework .......................................................................................... 25 Affective Perspective ..................................................................................... 28 Behavioral Perspective .................................................................................. 29 Cognitive Perspective .................................................................................... 29 vii Acculturation Strategies ................................................................................ 30 Acculturating Groups .................................................................................... 31 Acculturative Stress ....................................................................................... 33 Acculturative Stress and International Students in the U.S. ...................................... 37 English Proficiency ........................................................................................ 38 Cultural/Social Differences ........................................................................... 40 Academic Difficulties .................................................................................... 41 Financial Difficulties ..................................................................................... 42 Coping Strategies of International Students in the U.S. ............................... 43 Social Support Network: Home Culture and International Students . 44 Social Support Network: Host Culture .............................................. 45 Social Identity Theory ............................................................................................... 47 Social Groups and Categorizations ................................................................ 49 Social Categorizations ....................................................................... 50 Prototypes, Self-Categorization and Depersonalization .................... 52 Uncertainty Reduction Theory .......................................................... 54 Intergroup Relations and Behavior ................................................................ 55 Social Mobility and Subjective Belief Systems ................................ 56 Situating the Present Study within the Literature ...................................................... 57 Summary ........................................................................................................... 58 CHAPTER III. METHODOLOGY ...................................................................................... 60 Qualitative Research Design ..................................................................................... 60 Case Study Research Design ..................................................................................... 62 viii The Midwestern U.S. Context ....................................................................... 66 The University Setting: Site Selection ........................................................... 67 Researcher Perspective .............................................................................................. 69 Participant Selection .................................................................................................. 73 Ethical Considerations ............................................................................................... 76 Data Collection .......................................................................................................... 79 Data Analysis ........................................................................................................... 81 Validity and Credibility ............................................................................................. 86 Methodological Limitations ...................................................................................... 89 Summary ..........................................................................................................
Recommended publications
  • Threats to Academic Freedom in Venezuela: Legislative Im- Positions and Patterns of Discrimination Towards University Teachers and Students
    Interdisciplinary Political Studies http://siba-ese.unisalento.it/index.php/idps ISSN: 2039 -8573 (electronic version) IdPS, Issue 3(1) 2017: 145-169 DOI: 10.1285/ i20398573v3n1p145 Published in December 11, 2017 RESEARCH ARTICLE 145 Threats to Academic Freedom in Venezuela: Legislative Im- positions and Patterns of Discrimination Towards University Teachers and Students Mayda Hocevar Nelson Rivas University of Los Andes – Venezuela University of Los Andes – Venezuela David Gómez University of Zulia – Venezuela ABSTRACT As democracy is weakened and economic and social conditions deteriorate, there are increasing threats to academic freedom and autonomy in Venezuelan universities. Although academic freedom and university autonomy are legally and constitutionally recognized, public policies and ‘new legisla- tion’ undermine them. Military and paramilitary forces violently repress student protests. Frequent- ly, students are arbitrarily detained, physically attacked, and psychologically pressured through in- terrogations about their political views and their supposed "plans to destabilize the government". A parallel system of non-autonomous universities has been created under a pensée unique established by the Socialist Plans of the Nation. Discrimination has increased, both in autonomous and non- autonomous universities. This paper will expose the legal and political policies undermining aca- demic freedom in Venezuela under the governments of former president Hugo Chávez and current president Nicolás Maduro. Patterns of attacks against
    [Show full text]
  • Misión Madres Del Barrio: a Bolivarian Social Program Recognizing Housework and Creating a Caring Economy in Venezuela
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by KU ScholarWorks MISIÓN MADRES DEL BARRIO: A BOLIVARIAN SOCIAL PROGRAM RECOGNIZING HOUSEWORK AND CREATING A CARING ECONOMY IN VENEZUELA BY Cory Fischer-Hoffman Submitted to the graduate degree program in Latin American Studies and the Graduate Faculty of the University of Kansas in partial fulfillment of the requirements for the degree of Master’s of Arts. Committee members Elizabeth Anne Kuznesof, Phd. ____________________ Chairperson Tamara Falicov, Phd. ____________________ Mehrangiz Najafizadeh, Phd. ____________________ Date defended: May 8, 2008 The Thesis Committee for Cory Fischer-Hoffman certifies that this is the approved Version of the following thesis: MISIÓN MADRES DEL BARRIO: A BOLIVARIAN SOCIAL PROGRAM RECOGNIZING HOUSEWORK AND CREATING A CARING ECONOMY IN VENEZUELA Elizabeth Anne Kuznesof, Phd. ________________________________ Chairperson Date approved:_______________________ ii ACKNOWLEDGEMENTS This thesis is a product of years of activism in the welfare rights, Latin American solidarity, and global justice movements. Thank you to all of those who I have worked and struggled with. I would especially like to acknowledge Monica Peabody, community organizer with Parents Organizing for Welfare and Economic Rights (formerly WROC) and all of the welfare mamas who demand that their caring work be truly valued. Gracias to my compas, Greg, Wiley, Simón, Kaya, Tessa and Caro who keep me grounded and connected to movements for justice, and struggle along side me. Thanks to my thesis committee for helping me navigate through the bureaucracy of academia while asking thoughtful questions and providing valuable guidance. I am especially grateful to the feedback and editing support that my dear friends offered just at the moment when I needed it.
    [Show full text]
  • The Transformational Potential of Higher Education Inclusion
    n the fi eld of higher education research, one of the most fascinating observations is the consistent and permanent expansion of higher education systems worldwide since theI end of the Second World War. Undoubtedly, the predominant approach to address Jesús Humberto Pineda Olivieri these developments has been through quantitative analysis, as well as international comparisons. The following work examines the particularities of the Venezuelan context with the aim of identifying specifi c features of this worldwide phenomenon in this South The Transformational Potential American case. Through a combination of qualitative methods, the author proposes a of Higher Education Inclusion biographical approach for the study of higher education inclusion processes, which takes into account the perspectives and experiences of those who have been targeted by an ambitious higher education expansion process. The most distinctive feature of this work Biographical Trajectories of Students would be its methodological contribution to the fi eld of higher education research. One from Disadvantaged Environments could also argue that the ethnographic account of the Bolivarian Missions of education in Venezuela in Chavez’s Venezuela is both original and unprecedented. Furthermore, the writing approach bridges the interests of both academics, practitioners of the fi eld and members of the general public. Jesús Humberto Pineda Olivieri The Transformational Potential of Higher Education Inclusion ISBN: 978-3-86395-310-2 Universitätsverlag Göttingen Universitätsverlag
    [Show full text]
  • Exploring Hugo Chávez's Use of Mimetisation to Build a Populist
    Exploring Hugo Chávez’s use of mimetisation to build a populist hegemony in Venezuela Elena Block Rincones MSc, BA A thesis submitted for the degree of Doctor of Philosophy at The University of Queensland in 2013 School of Journalism and Communication Abstract “You too are Chávez”… (Hugo Chávez, 2012i) This thesis examines the political communication style developed by Hugo Chávez in his hegemonic construction of power and collective identity during the 14 years he governed Venezuela. This thesis is located in the field of political communication. A culturalist approach is used for the case, which prioritises issues of culture and power and acknowledges the role of human agency. Thus, it specifically focuses on the way the late President appears to have incrementally built an emotional, mimetic bond with his publics in a process that culminated in the mimetisation of the leader and his followers in a new collective, but top-down, identity called Chávez. This process expresses a hegemonic dynamic that involved the displacement of former dominant groups and rearrangement of power relations in Venezuela. The logic of mimetisation proposes an incremental logic of articulation whereby I tried to make sense of Chávez’s political communication style and success. It involves the study of the thread that joined together key elements in Chávez’s political communication style: hegemony and identity construction, political culture, populism, mediatisation, and communicational government. It is a style that appears to have exceeded classic populist forms of communication based on exerting an appeal to the people, towards more inclusive, participatory, symbolic-pragmatic forms of practising political communication that may have constituted the key to Chávez’s political success for 14 years.
    [Show full text]
  • Participatory Democracy in Chávez's Bolivarian Revolution
    Who Mobilizes? Participatory Democracy in Chávez’s Bolivarian Revolution Kirk A. Hawkins ABSTRACT This article assesses popular mobilization under the Chávez gov- ernment’s participatory initiatives in Venezuela using data from the AmericasBarometer survey of 2007. This is the first study of the so- called Bolivarian initiatives using nationally representative, individ- ual-level data. The results provide a mixed assessment. Most of the government’s programs invite participation from less active seg- ments of society, such as women, the poor, and the less educated, and participation in some programs is quite high. However, much of this participation clusters within a narrow group of activists, and a disproportionate number of participants are Chávez supporters. This partisan bias probably reflects self-screening by Venezuelans who accept Chávez’s radical populist discourse and leftist ideology, rather than vote buying or other forms of open conditionality. Thus, the Venezuelan case suggests some optimism for proponents of par- ticipatory democracy, but also the need to be more attuned to its practical political limits. uring the past decade, leftist governments with participatory dem- Docratic agendas have come to power in many Latin American coun- tries, implementing institutional reforms at the local and, increasingly, the national level. This trend has generated a scholarly literature assess- ing the nature of participation in these initiatives; that is, whether they embody effective attempts at participatory forms of democracy that mobilize and empower inactive segments of society (Goldfrank 2007; Wampler 2007a). This article advances this discussion by studying popular mobiliza- tion under the government of Hugo Chávez in Venezuela, referred to here as the Bolivarian Revolution or Chavismo.
    [Show full text]
  • Pineda Olivieri, Jesús Humberto the Transformational Potential Of
    Pineda Olivieri, Jesús Humberto The Transformational Potential of Higher Education Inclusion: Biographical Trajectories of Students from Disadvantaged Environments in Venezuela Universitätsverlag Göttingen, 2017 General structure Chapter 1. Introduction The genesis of the research project Chapter 2. Inclusion to (higher) education 2.1 Locating my research within the field of sociology of education 2.2 The debate of educational inequality in Latin America 2.3 The Inclusion Era 2.4 The debate on higher education inclusion in Latin America 2.5 Summary of the chapter Chapter 3. Theoretical Embedding 3.1 Education and social inequality: The premises of Pierre Bourdieu 3.2 Us vs. them: Norbert Elias and the relation between established and outsiders Chapter 4. Methodological framework 4.1 Biographical research 4.2 Data collection 4.4 Further methods Chapter 5. (Higher) education expansion as a sociopolitical issue 5.1 Background 5.2 The Fifth Republic: 1999-2013: Venezuelan’s Participatory Democracy 5.3 The Bolivarian Missions Chapter 6. Municipalizationof higher education through Mission Sucre 6.1 Mission Sucre 6.2 An ethnographic approach to Mission Sucre 6.3 Summary of the chapter Chapter 7. Case reconstructions and typology 7.1 Type A: Chance seekers/ Opportunity driven 7.2 Type B: The overwhelmed/ the helpless 7.2.1 Case reconstruction: Yenni García Chapter 8. Results: The biographical meaning of inclusion to higher education 8.1 Implication of the creation of Mission Sucre 8.2 The inclusion experience of Mission Sucre participants 8.3 Theoretical discussion 8.4 Limitations of the research project 8.5 The road ahead? Appendices References Summary: In the field of higher education research, one of the most fascinating observations is the consistent and permanent expansion of higher education systems worldwide since the end of the Second World War.
    [Show full text]
  • El Libertario (Venezuela) Parle En Français – 1
    El Libertario (Venezuela) parle en français – 1 Collection (en 2 parties) de textes tirés de notre édition imprimée ou liés à cette publication, un journal anarchiste vénézuélien publié en espagnol, depuis 1995, par le collectif de rédaction d’El Libertario. Jusqu'au début de 2012, nous avons publié 65 numéros, avec un tirage de 2000 à 2500 exemplaires par numéro. Il est distribué au Venezuela et 15 autres pays, étant le porte-parole de la presse anarchiste le plus connu et répandu en Amérique latine dans la période récente. Page Carrefour pour nulle part ……………………………..…….………………………………. 2 El Libertario du Venezuela ………………………………………………….……….……..... 4 Venezuela : la Révolution ne sera pas... pour tout de suite ! ………………………...………. 6 Déclaration Libertaire - Caracas // 29 janvier 2006 …………………………………...……. 7 Venezuela 2006 : Anarchisme en dépit de tout ………………………………………..……. 9 Hausse de la répression contre les manifestations …………………………………………. 13 Interview "La Libertaria", novembre 2007 ………………………………………………… 18 Venezuela 2008 : vision et proposition libertaire pour le moment actuel …………….…….. 23 L'anarchisme au Venezuela, passé et présent …………………………….………………… 27 A ceux qui ne veulent pas entendre : Chavisme et anarchisme au Venezuela aujourd’hui ...… 29 Manifeste solidaire avec les anarchistes et les mouvements sociaux de Venezuela …….…… 33 « Nous avons une vérité en face de nous et nous devons la dire. » ……………………....…. 34 Venezuela - La gauche non chaviste dialogue et réaffirme ses engagements …………….…. 37 Sur un air de... Chacha …………………………………………………………………….. 39 Nous n’avons pas besoin d’une autre guerre de plus ………………………………………. 43 Colombie / Venezuela - La révolution n’est pas possible sans la paix ...…………….…...…. 45 Chavez et l'anarchisme ……………………………………………………………….……. 47 Chomsky, le bouffon de Chavez …………………………………………………………... 50 Vetelca: Histoire de la première « maquiladora » bolivarienne …………………………..….. 53 Criminalisation et mort contre le peuple Yukpa ……………………………...…………….
    [Show full text]
  • Bolivarian Republic of Venezuela Women´S
    BOLIVARIAN REPUBLIC OF VENEZUELA WOMEN´S INTERNATIONAL DEMOCRATIC FEDERATION COUNTRY REPORT: VENEZUELA 2006-2012 Made by organizations: Participación Activa y Social (Social and Active Participation), Fuerza Bolivariana de Mujeres (Bolivarian Force of Women), Movimiento de Mujeres Manuelita Sáenz (Manuelita Sáenz Women´s Movement) and Red de Mujeres de Vargas (Vargas State Women's Network), attached to the Women 's International Democratic Federation (WIDF), in order to present to the Committee on the Elimination of Discrimination Against Women, the progress and challenges, which in our opinion, face the Venezuelan State in order to ensure the rights of women, as a State Party to the Convention on the Elimination of All Forms of Discrimination against Women. Caracas, January 15th, 2014 1 BOLIVARIAN REPUBLIC OF VENEZUELA WOMEN´S INTERNATIONAL DEMOCRATIC FEDERATION INTRODUCTION From December 18th, 1979 when the United Nations General Assembly adopted the Convention on the Elimination of All Forms of Discrimination against Women, the Venezuelan state shows its willingness to sign it on July 17th, 1980, one year before being signed by other 19 countries, allowing its entry into force on September 3rd, 1981, and ratified by Venezuela on May 2nd, 1983. It should be noted that since 1989 the Convention has the backing of more than 100 countries. From 1983 until today three decades have passed and Venezuela has experienced profound changes in its political, economic, cultural and social model, including the process of re-foundation of the Republic through a new Constitution adopted by popular referendum in 1999. With the entry into force of the new Constitution, began an unprecedented process of participation of the people and therefore of women in various spheres of political and social life of the country.
    [Show full text]
  • Hugo Chávez and the Bolivarian Revolution Cannon 00 20/8/09 04:12 Page Ii Cannon 00 20/8/09 04:12 Page Iii
    Cannon 00 20/8/09 04:12 Page i Hugo Chávez and the Bolivarian revolution Cannon 00 20/8/09 04:12 Page ii Cannon 00 20/8/09 04:12 Page iii Hugo Chávez and the Bolivarian revolution Populism and democracy in a globalised age Barry Cannon Manchester University Press Manchester Cannon 00 20/8/09 04:12 Page iv Copyright © Barry Cannon 2009 The right of Barry Cannon to be identified as the author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988. Published by Manchester University Press Altrincham Street, Manchester M1 7JA www.manchesteruniversitypress.co.uk British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging-in-Publication Data applied for ISBN 978 0 7190 7771 5 hardback ISBN 978 0 7190 7772 2 paperback First published 2009 18 17 16 15 14 13 12 11 10 09 10 9 8 7 6 5 4 3 2 1 The publisher has no responsibility for the persistence or accuracy of URLs for external or any third-party internet websites referred to in this book, and does not gurantee that any content on such websites is, or will remain, accurate or appropriate. Typeset by Helen Skelton, Brighton, UK Cannon 00 20/8/09 04:12 Page v Contents List of abbreviations and terms page vii List of tables xi Acknowledgements xiii Introduction 1 1 Populism and Latin America: context, causes, characteristics and consequences 12 2 Structural fractures, crises, the state and the emergence of Chávez 31 3 The leader and the led: hegemonic strategies in
    [Show full text]
  • Looking to the Future: Examining the Dynamics of ALBA
    Looking to the Future: Examining the dynamics of ALBA Emine Tahsin* ALBA (Bolivarian Alternative for the Peoples of Our America) is seen as an alternative integration model that has emerged from Latin America. To what extent is it possible to see ALBA as an alternative integration model? In order to answer this question, let us simply recall the traditional economic integration theory that is based on comparative advantage theory and general/partial equlibrium theory. The main purpose of integration is to increase welfare via trade creation.1 The purpose of integration is resource allocation on the basis of market efficiency and welfare optimization. Based on these, free mobility of four main factors (capital, labour, commodities/goods and services) should be obtained for complete economic integration. For the mobility of these factors, the most important aims are to eliminate discrimination within the integrated markets and the application of common policies and common measures to the third countries. So under these conditions, markets and firms integrate in the first place. Liberalization within the integrated markets and protection against third parties lead to specialization on the basis of comparative advantages. Usually, as is observed from the traditional integration experiences, countries with bigger markets experience larger increases in welfare gains. Where a developed country integrates with a less developed country, it is observed that unequal develeopment continues. Since integration of markets and firms leads to the concentration and centralization of capital, international specialization is not equally distributed.2 * The author is with the Faculty of Economics, Department of Economics, İstanbul University, İstanbul-Turkey. Born in Cyprus in 1972, she got her graduate degree from İstanbul University’s Faculty of Economics, Department of Economics (English).
    [Show full text]
  • After Twelve Years, the Bolivarian Government Has Increased Social
    FRIDAY February 11, 2011 Year 1 Nº 4 ENGLISH EDITION “Facts, Facts, and more Facts” After twelve years, the Bolivarian Government has increased social Investment five times reaching a total amount of US $ 330,582,000,000 2 Friday, February 11, 2011 ENGLISH EDITION ENGLISH EDITION Friday, February 11, 2011 3 CHRONICLES OF OUR EVERYDAY REVOLUTION A range Absolute and tangible presence of the people From messenger of possibilities The People- the raison d’être of the Bolivarian Revolution that started in 1999- have become, for the last twelve years, leaders of a to treasurer dramatic and wide-reaching change. The People have a say: Jesús is part of the cleaning staff in one of the branches of the Bicenten- nial Markets chain, and he claims the ority. We have [also] amplified our company has completely changed its customer service capabilities. Ever policy in the economic and human since the Bank of Venezuela ab- areas: “We didn’t use to get paid for Strong faith sorbed the clients of former “Ban- working overtime, our salary was low- Will at full sail co Federal” our 18 cashiers receive er, and now everything is different.” in solidarity between 3,500 and 4,000 clients he says with the typical optimism of a daily.” young person. He highlights that now 23-year-old Jesús Granados lived all workers have the opportunity to in El Valle (Southern Caracas) and Yadira claims she had no idea what After the nationalization of the study and to be promoted. Fortunately, by 2010 the social- Elvis Quintero started working worked in Montalbán (northern would have happened if “the trag- Bank of Venezuela, the customer oriented factory Pescalba was in the bank as a messenger and Caracas).
    [Show full text]
  • Petrocaribe Integration in Motion a Newsletter About Venezuelan National Oil Industry
    Caracas, july 2005 • # 1 Petrocaribe integration in motion A Newsletter about Venezuelan National Oil Industry 14 countries executed Petrocaribe Energy Cooperation Agreement last June 29 in Puerto La Cruz, on the north-eastern coast of Venezuela Full Oil Sovereignty A revolutionary national oil policy 3 8 CompaniesCompanies awaitawait Venezuelan Ministry of Venezuelan gas 4 Energy and Petroleum 2 licenses The Oil to take over control Sovereignty Plan of export prices Mission PDVSA Cuba: Ribas: Inaugural Office Empowering PDVSA´s 9 of Petrocaribe 1111 Venezuelans 1122 Plan Europa Solidarity and integration in motion 14 countries endorse the Petrocaribe Energy Cooperation Agreement Caribbean high offi cials met » The governments of the ms with contributions from fi nancial last 29th June in Puerto La Cruz, a city region hailed this initiative and non-fi nancial entities, from funds on Venezuela’s northeastern coast, put forward by Venezuelan allocated from the fi nanced portion to decide on the immediate crea- of the oil invoice, as well as from President Hugo Chávez tion of Petrocaribe, and towards this savings generated by direct trade. end signed the Energy Cooperation Frías, which seeks to To activate the Fund, the Bolivarian Agreement which sets guidelines for guarantee energy security Republic of Venezuela will contribute the implementation of this initiative. and promote social and an initial capital of US$ 50 million. economic development, as The document in question defi nes well as the integration of Petrocaribe as an instrument that
    [Show full text]