Florida International University FIU Digital Commons Western Hemisphere Security Analysis Center College of Arts, Sciences & Education 3-2011 Venezuela and Chile: Two Opposite Paths of Democratic Consolidation and Economic Development. Patricio Navia New York University Follow this and additional works at: https://digitalcommons.fiu.edu/whemsac Recommended Citation Navia, Patricio, "Venezuela and Chile: Two Opposite Paths of Democratic Consolidation and Economic Development." (2011). Western Hemisphere Security Analysis Center. 23. https://digitalcommons.fiu.edu/whemsac/23 This work is brought to you for free and open access by the College of Arts, Sciences & Education at FIU Digital Commons. It has been accepted for inclusion in Western Hemisphere Security Analysis Center by an authorized administrator of FIU Digital Commons. For more information, please contact
[email protected]. Venezuela and Chile: Two Opposite Paths of Democratic Consolidation and Economic Development Patricio Navia New York University March 2011 Venezuela and Chile: Two Opposite Paths of Democratic Consolidation and Economic Development Patricio Navia New York University March 2011 The views expressed in this paper are those of the author and do not necessarily reflect those of the US Government, Department of Defense, US Southern Command or Florida International University. EXECUTIVE SUMMARY In the past 20 years, Chile and Venezuela have followed divergent paths of democratic and economic development. When the Cold War ended, Venezuela was one of the few Latin American countries where democracy had survived the authoritarian wave of the 1960s and 1970s. Heralded in the late 1980s as the most stable democracy and one of the most developed and globalized economies in the region, Venezuela has since experienced deterioration of democratic institutions, political polarization, economic stagnation, and instability.