July 30, 2007

Venezuela Fact of the Day

Mark Weisbrot and Luis Sandoval of CEPR argue that the Venezuelan economy is actually doing rather well, and poverty has decreased dramatically under Hugo Chávez. I don't really have any opinion on this--I just thought that this bit was unexpected:
[Venezuela's] private sector has grown faster than the public sector over the last 8 years and therefore the private sector is a bigger share of the economy in 2007 than it was before President Chavez took office.
Who knew?
-- Brad Plumer 7:09 PM || ||