[lbo-talk] Venezuela on the Move

Dennis Redmond dredmond at efn.org
Mon Aug 7 02:13:26 PDT 2006


Economic cooperation between Brazil and Venezuela pays its first dividends:

Headline: "Venezuela and Brazil to Build Shipyard in Venezuela" http://www.venezuelanalysis.com/news.php?newsno=2029

This is a savvy move, similar to what Korea did in the 1970s, China in the 1980s, and what Vietnam is doing right now -- build a tanker fleet for energy exports, then load those same tankers up, ten years later, with manufactured exports. This has the happy effect of (1) creating a shipping industry, with attendant industrial skill formation, and (2) boosting trade links with the EU and East Asia.

-- DRR



More information about the lbo-talk mailing list