In: Africa development: a quarterly journal of the Council for the Development of Social Science Research in Africa = Afrique et développement, Band 4, Heft 1, S. 37-56
Latin America and the new aspects of the oil question, by Pierre Gilhodes There are three possible oil policies open to Venezuela: give complete liberty to free enterprise, i.e. the American oil companies, eliminate the latter and assume direct responsibility for oil drilling, or take up an intermediate position and attempt to retain as much as possible of the wealth generated by oil in the country. It is the latter policy that has been pursued by the three constitutional governments in Venezuela since 1958. Today American companies are faced with the possibility that Venezuela and the other oil producing countries in Latin America may imitate certain Arab States and radicalize this reformist policy. [Revue française de science politique XXII (6), décembre 1972, pp. 1308-1328.]