The 1992 Coup Attempts In Venezuel Causes And Failure Analysis

Part A: Plan of Investigation This investigation evaluates the reasons for the coup attempts that took place against the government of President Carlos Andrés Perez, the first one in 4 February 1992 and the later one in 27 November 1992. In order to reveal these factors that caused and resulted from the dismissal of the President, this investigation mainly focuses on the economic background Venezuela was facing, the political decisions made by Perez and the ideology the people had against him. First of all, the economic problems that Venezuela faced before and during his stay in the office (1989-1993) will be evaluated. Then, the adoption of new economic policies and the widespread of corruption. Finally, how these complications led
They give the background of previous political parties, governments, including economic and political issues. Barbukin et al, separate the journal article into four sections, to provide a better viewpoint of what was happening in Venezuela during, before and after Carlos Andrés Perez’s regime. This journal was made by historians of different universities at the Yaroslavl Pedagogical University, Russia, in order to record Col Hugo Chávez’s role in the coup attempts of 1992. Their accounts also draw its facts from primary documents and national archives from Venezuela, making their analysis more accurate.
Gott, Richard, ed. Hugo Chávez and The Bolivarian Revolution. London: Verso, 2011.
Gott’s Hugo Chávez and the Bolivarina Revolution book, portrays the country’s controversial and charismatic president in historical perspective, and examine his plans and programs. Gott narrates with extremely details the economic problems Venezuela was facing few years before the second entrance of Pérez and the ones suffered during his period as president. The book gives information of the most important achievements in Chávez’s life, including the preparations for the 1992 coup d’etat against President Carlos Andrés Pérez, caused by the economic problems and corruption during Pérez’s government.
Part D:
Pérez saw the economic problems Venezuela was facing caused by the fall oil prices, so he adopted the reforms from the Washington Consensus, in a plan that he called El Gran Viraje. The reforms included: reduction in public expenditure, tax reform, interest rates determined by the market, competitive exchange rates, trade liberalization coupled with the abolition of import licensing and reduction in tariffs, guarantees of fiscal discipline and a curb to budget deficits, a welcome to foreign direct investment deregulation of the economy, and privatization of state enterprises. Pérez announced to the citizens that his economic team had secured something from Washington in exchange: a loan from the IMF for US$4,500 million, to be made available over a period of three years. The people were not pleased about this, so when the reforms went into effect, a feeling of betrayal widespread over Caracas and it exploded into three days of rioting known as the