1989 Venezuelan economic reforms event
also: The Great Turn, IMF reforms
Explore in graph → Export claims (CSV) ↓
Related entities (most co-mentioned)
Venezuelacountry · 3Carlos Andrés Pérezperson · 3Harvard Universityorganization · 1Ricardo Hausmannperson · 1Juan Cristobal Nagelperson · 1Caracazoevent · 1
Claims (0)
Mentions (3)
▶ 13:14
Before joining Harvard in 2000, Haussmann served as a top economic advisor to Venezuelan President Carlos Andres Perez. Though he had been elected on an anti-austerity platform, Perez accepted an IMF loan, that's mistake number one, and imp…
▶ 13:44
known as the Great Turn, because these all bring austerity to these countries. But they put the money in their own pockets. The reforms prioritized state utilities and abolished price controls for basic supplies, policies that unsurprisingl…
▶ 14:15
Nagel put it, the great turn represented your base Washington consensus recipe. Venezuelans underclass erupted in February 1989 when the IMF reforms triggered a 30% hike in bus fares. Perez ultimately unleashed the boot of the military to c…