Suchergebnisse

Development planning in Venezuela began in 1959 as a result of the changes in the economic conditions and in the political situation that occurred in 1958. In that year, on January 23, Pérez Jiménez government was deposed after 10 years of military rule. A provisional government was established and elections were held December 7, 1958 with Rómulo Betancourt (Democratic Action Party) winning a near majority (49%) of votes for Presidency. A coalition government of the Democratic Action party (AD), Democratic Republic Union party (URD), and the Christian social party (COPEI) was established according to a pre-election agreement among these parties.The economic conditions also changed in 1958. Until that year Venezuela was able to achieve a high rate of economic growth (see Table I) and to accumulate considerable foreign exchange that prevented balance of payments crises such as those which interrupted economic development in other countries.