Petroleum and Political Pacts: The Transition to Democracy in Venezuela

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Abstract
The tentative reemergence of democracy in Latin America in the first half of the 1980s has encouraged scholars and policymakers to take a new look at the “older” democratic experiences on the continent in their search for viable political models. Just as Chile and Uruguay were once considered the “Switzerlands of Latin America,” so Venezuela has now become the political darling of the development set. As Peter Merkl wrote in 1981, “It appears that the only trail to a democratic future for developing societies may be the one followed by Venezuela…. Venezuela is a textbook case of step-by-step progress.” Praxis, however, has produced a certain wariness toward “textbook cases” of this sort. The demise of past democratic regimes whose stability had been unquestioned for decades warns that the search for models is fraught with perils. Despite its having an established party system, Venezuela should not be expected to provide a formula for those who seek paths to democratization.

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