Bolivarian Republic of Venezuela : Investing in Human Capital for Growth, Prosperity, and Poverty Reduction

This report draws on limited, available data to analyze selected economic, and social issues, which include better understanding of poverty, and inequality in relation to real income, and, improving the allocation of social expenditures, while increasing the effectiveness of social programs. The deterioration of social, and human capital should be prevented, by simultaneously promoting its accumulation. The report reviews the dismal economic performance of the country over the last decade, where the inability of policymakers to cope with the oil cycles, and prices decline prevails. Moreover, the country's dependence on the oil sector has deepened, while the share of agriculture, and manufacturing decreased, aggravated by the lack of export diversification, and the negative impact of the overvalued domestic currency on external competitiveness. Not surprisingly, labor productivity also decreased, reflecting a low real economic growth, which results in higher unemployment, poverty and inequality increases. The needed acceleration of human, and social capital development focuses on education, health, and the decline of crime and violence, suggesting continued implementation of primary education reforms, through the development of new curriculum, improved quality of basic education, and educational financing. Health recommendations include efficient resource allocation, prioritization of high-impact programs, and expanded private participation, and institutional development.

Saved in:
Bibliographic Details
Main Author: World Bank
Language:English
en_US
Published: Washington, DC 2001-03-30
Subjects:ECONOMIC & SECTOR WORK, ECONOMIC GROWTH, HUMAN CAPITAL, POVERTY REDUCTION, INCOME DISTRIBUTION, SOCIAL IMPLICATIONS, EXPENDITURE ANALYSIS, SOCIAL ASSISTANCE PROGRAMS, SOCIAL CAPITAL, ECONOMIC INDICATORS, OIL PRODUCING COUNTRIES, OIL PRICES, AGRICULTURAL PRODUCTIVITY, MANUFACTURING DEVELOPMENT, EXPORT DIVERSIFICATION, CURRENCY CONVERTIBILITY, COMPETITIVENESS, LABOR PRODUCTIVITY, UNEMPLOYMENT, POVERTY INCIDENCE, INEQUITY, HUMAN RESOURCES DEVELOPMENT, SOCIAL DEVELOPMENT, EDUCATION SECTOR, HEALTH CARE PLANNING, CRIME DETERRENCE, VIOLENCE, EDUCATIONAL REFORMS, CURRICULUM DEVELOPMENT, QUALITY OF EDUCATION, EDUCATIONAL FINANCING, ALLOCATION OF RESOURCES, HEALTH PROGRAMS, PRIVATE SECTOR PARTICIPATION, INSTITUTIONAL CAPACITY ACCIDENTS, ACCOUNTABILITY, ANNUAL RATE, AVAILABLE DATA, CANCER, CAPACITY BUILDING, CAPITA GROWTH, CARDIOVASCULAR DISEASES, CITIZEN, COMPREHENSIVE ASSESSMENT, CORRUPTION, CRIME, DIRECT IMPACT, ECONOMIC CONDITIONS, ECONOMIC MEMORANDUM, ECONOMIC PERFORMANCE, ECONOMIC POLICIES, ECONOMIC SHOCKS, EDUCATION LEVEL, EDUCATION PROGRAMS, EDUCATIONAL ATTAINMENT, ELASTICITIES, EXCHANGE RATE, EXPENDITURES, EXTREME POVERTY, FAMILIES, FINANCIAL CRISES, FINANCING MECHANISMS, FORMAL LABOR MARKET, GIRLS, GOVERNMENT EXPENDITURES, HEALTH INDICATORS, HEALTH INTERVENTIONS, HEALTH SECTOR, HEALTH SERVICE, HEALTH SERVICES, HEALTH STATUS, HIGH UNEMPLOYMENT, HOSPITALS, HOUSEHOLD SURVEY, HOUSING, HUMAN DEVELOPMENT, HYGIENE, IMMUNODEFICIENCY, INCOME, INCOME GROWTH, INEQUALITY, INFLATION, INFORMAL SECTOR, INJURIES, INSTITUTIONAL CAPACITY, INSTITUTIONAL FRAMEWORK, INTEREST RATES, INTERNATIONAL STANDARDS, LABOR FORCE, LABOR FORCE SURVEY, LABOR MARKET, LABOR SUPPLY, LIVING STANDARDS, LIVING STANDARDS MEASUREMENT, LOW INCOME, MALARIA, MIGRANTS, MINIMUM WAGES, MORTALITY, NURSES, NURSING, NUTRITION, OIL, OIL SECTOR, OPEC, OVERALL EXPENDITURE, PER CAPITA INCOME, PHYSICIANS, POLICY DECISIONS, POLICY DIALOGUE, POLICY MAKERS, POLICY MEASURES, POLICY RESPONSE, POLITICAL INSTABILITY, POOR PERFORMANCE, POVERTY ASSESSMENT, POVERTY INDICATORS, POVERTY LINE, POVERTY LINES, POVERTY MONITORING, PRIMARY EDUCATION, PRODUCTIVITY, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC INSTITUTIONS, PUBLIC SECTOR, PUBLIC SERVICES, PURCHASING POWER, PURCHASING POWER PARITY, QUALITY OF LIFE, REAL TERMS, REAL WAGES, RESOURCE ALLOCATION, RESOURCE USE, RULE OF LAW, SAFETY, SAFETY NET, SCHOOL SYSTEM, SERVICE DELIVERY, SERVICE SECTOR, SOCIAL ASSISTANCE, SOCIAL EXCLUSION, SOCIAL EXPENDITURES, SOCIAL INDICATORS, SOCIAL ISSUES, SOCIAL POLICIES, SOCIAL POLICY, SOCIAL PROGRAMS, SOCIAL SECTORS, SOCIAL SECURITY, SOCIAL SERVICES, STATISTICAL DATA, TIME FRAME, TRANSACTION COSTS, URBAN POPULATIONS, URBAN RESIDENTS, VICTIMS, VULNERABLE GROUPS, WAGE INCOME, WORKERS, YOUNG PEOPLE, YOUTH, YOUTH UNEMPLOYMENT,
Online Access:http://documents.worldbank.org/curated/en/2001/03/1089480/venezuela-investing-human-capital-growth-prosperity-poverty-reduction
https://hdl.handle.net/10986/15702
Tags: Add Tag
No Tags, Be the first to tag this record!
id dig-okr-1098615702
record_format koha
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
en_US
topic ECONOMIC & SECTOR WORK
ECONOMIC GROWTH
HUMAN CAPITAL
POVERTY REDUCTION
INCOME DISTRIBUTION
SOCIAL IMPLICATIONS
EXPENDITURE ANALYSIS
SOCIAL ASSISTANCE PROGRAMS
SOCIAL CAPITAL
ECONOMIC INDICATORS
OIL PRODUCING COUNTRIES
OIL PRICES
AGRICULTURAL PRODUCTIVITY
MANUFACTURING DEVELOPMENT
EXPORT DIVERSIFICATION
CURRENCY CONVERTIBILITY
COMPETITIVENESS
LABOR PRODUCTIVITY
UNEMPLOYMENT
POVERTY INCIDENCE
INEQUITY
HUMAN RESOURCES DEVELOPMENT
SOCIAL DEVELOPMENT
EDUCATION SECTOR
HEALTH CARE PLANNING
CRIME DETERRENCE
VIOLENCE
EDUCATIONAL REFORMS
CURRICULUM DEVELOPMENT
QUALITY OF EDUCATION
EDUCATIONAL FINANCING
ALLOCATION OF RESOURCES
HEALTH PROGRAMS
PRIVATE SECTOR PARTICIPATION
INSTITUTIONAL CAPACITY ACCIDENTS
ACCOUNTABILITY
ANNUAL RATE
AVAILABLE DATA
CANCER
CAPACITY BUILDING
CAPITA GROWTH
CARDIOVASCULAR DISEASES
CITIZEN
COMPREHENSIVE ASSESSMENT
CORRUPTION
CRIME
DIRECT IMPACT
ECONOMIC CONDITIONS
ECONOMIC GROWTH
ECONOMIC MEMORANDUM
ECONOMIC PERFORMANCE
ECONOMIC POLICIES
ECONOMIC SHOCKS
EDUCATION LEVEL
EDUCATION PROGRAMS
EDUCATIONAL ATTAINMENT
ELASTICITIES
EXCHANGE RATE
EXPENDITURES
EXTREME POVERTY
FAMILIES
FINANCIAL CRISES
FINANCING MECHANISMS
FORMAL LABOR MARKET
GIRLS
GOVERNMENT EXPENDITURES
HEALTH INDICATORS
HEALTH INTERVENTIONS
HEALTH SECTOR
HEALTH SERVICE
HEALTH SERVICES
HEALTH STATUS
HIGH UNEMPLOYMENT
HOSPITALS
HOUSEHOLD SURVEY
HOUSING
HUMAN CAPITAL
HUMAN DEVELOPMENT
HYGIENE
IMMUNODEFICIENCY
INCOME
INCOME GROWTH
INEQUALITY
INFLATION
INFORMAL SECTOR
INJURIES
INSTITUTIONAL CAPACITY
INSTITUTIONAL FRAMEWORK
INTEREST RATES
INTERNATIONAL STANDARDS
LABOR FORCE
LABOR FORCE SURVEY
LABOR MARKET
LABOR PRODUCTIVITY
LABOR SUPPLY
LIVING STANDARDS
LIVING STANDARDS MEASUREMENT
LOW INCOME
MALARIA
MIGRANTS
MINIMUM WAGES
MORTALITY
NURSES
NURSING
NUTRITION
OIL
OIL PRICES
OIL SECTOR
OPEC
OVERALL EXPENDITURE
PER CAPITA INCOME
PHYSICIANS
POLICY DECISIONS
POLICY DIALOGUE
POLICY MAKERS
POLICY MEASURES
POLICY RESPONSE
POLITICAL INSTABILITY
POOR PERFORMANCE
POVERTY ASSESSMENT
POVERTY INDICATORS
POVERTY LINE
POVERTY LINES
POVERTY MONITORING
POVERTY REDUCTION
PRIMARY EDUCATION
PRODUCTIVITY
PUBLIC EXPENDITURE
PUBLIC EXPENDITURES
PUBLIC INSTITUTIONS
PUBLIC SECTOR
PUBLIC SERVICES
PURCHASING POWER
PURCHASING POWER PARITY
QUALITY OF LIFE
REAL TERMS
REAL WAGES
RESOURCE ALLOCATION
RESOURCE USE
RULE OF LAW
SAFETY
SAFETY NET
SCHOOL SYSTEM
SERVICE DELIVERY
SERVICE SECTOR
SOCIAL ASSISTANCE
SOCIAL ASSISTANCE PROGRAMS
SOCIAL CAPITAL
SOCIAL DEVELOPMENT
SOCIAL EXCLUSION
SOCIAL EXPENDITURES
SOCIAL INDICATORS
SOCIAL ISSUES
SOCIAL POLICIES
SOCIAL POLICY
SOCIAL PROGRAMS
SOCIAL SECTORS
SOCIAL SECURITY
SOCIAL SERVICES
STATISTICAL DATA
TIME FRAME
TRANSACTION COSTS
UNEMPLOYMENT
URBAN POPULATIONS
URBAN RESIDENTS
VICTIMS
VIOLENCE
VULNERABLE GROUPS
WAGE INCOME
WORKERS
YOUNG PEOPLE
YOUTH
YOUTH UNEMPLOYMENT
ECONOMIC & SECTOR WORK
ECONOMIC GROWTH
HUMAN CAPITAL
POVERTY REDUCTION
INCOME DISTRIBUTION
SOCIAL IMPLICATIONS
EXPENDITURE ANALYSIS
SOCIAL ASSISTANCE PROGRAMS
SOCIAL CAPITAL
ECONOMIC INDICATORS
OIL PRODUCING COUNTRIES
OIL PRICES
AGRICULTURAL PRODUCTIVITY
MANUFACTURING DEVELOPMENT
EXPORT DIVERSIFICATION
CURRENCY CONVERTIBILITY
COMPETITIVENESS
LABOR PRODUCTIVITY
UNEMPLOYMENT
POVERTY INCIDENCE
INEQUITY
HUMAN RESOURCES DEVELOPMENT
SOCIAL DEVELOPMENT
EDUCATION SECTOR
HEALTH CARE PLANNING
CRIME DETERRENCE
VIOLENCE
EDUCATIONAL REFORMS
CURRICULUM DEVELOPMENT
QUALITY OF EDUCATION
EDUCATIONAL FINANCING
ALLOCATION OF RESOURCES
HEALTH PROGRAMS
PRIVATE SECTOR PARTICIPATION
INSTITUTIONAL CAPACITY ACCIDENTS
ACCOUNTABILITY
ANNUAL RATE
AVAILABLE DATA
CANCER
CAPACITY BUILDING
CAPITA GROWTH
CARDIOVASCULAR DISEASES
CITIZEN
COMPREHENSIVE ASSESSMENT
CORRUPTION
CRIME
DIRECT IMPACT
ECONOMIC CONDITIONS
ECONOMIC GROWTH
ECONOMIC MEMORANDUM
ECONOMIC PERFORMANCE
ECONOMIC POLICIES
ECONOMIC SHOCKS
EDUCATION LEVEL
EDUCATION PROGRAMS
EDUCATIONAL ATTAINMENT
ELASTICITIES
EXCHANGE RATE
EXPENDITURES
EXTREME POVERTY
FAMILIES
FINANCIAL CRISES
FINANCING MECHANISMS
FORMAL LABOR MARKET
GIRLS
GOVERNMENT EXPENDITURES
HEALTH INDICATORS
HEALTH INTERVENTIONS
HEALTH SECTOR
HEALTH SERVICE
HEALTH SERVICES
HEALTH STATUS
HIGH UNEMPLOYMENT
HOSPITALS
HOUSEHOLD SURVEY
HOUSING
HUMAN CAPITAL
HUMAN DEVELOPMENT
HYGIENE
IMMUNODEFICIENCY
INCOME
INCOME GROWTH
INEQUALITY
INFLATION
INFORMAL SECTOR
INJURIES
INSTITUTIONAL CAPACITY
INSTITUTIONAL FRAMEWORK
INTEREST RATES
INTERNATIONAL STANDARDS
LABOR FORCE
LABOR FORCE SURVEY
LABOR MARKET
LABOR PRODUCTIVITY
LABOR SUPPLY
LIVING STANDARDS
LIVING STANDARDS MEASUREMENT
LOW INCOME
MALARIA
MIGRANTS
MINIMUM WAGES
MORTALITY
NURSES
NURSING
NUTRITION
OIL
OIL PRICES
OIL SECTOR
OPEC
OVERALL EXPENDITURE
PER CAPITA INCOME
PHYSICIANS
POLICY DECISIONS
POLICY DIALOGUE
POLICY MAKERS
POLICY MEASURES
POLICY RESPONSE
POLITICAL INSTABILITY
POOR PERFORMANCE
POVERTY ASSESSMENT
POVERTY INDICATORS
POVERTY LINE
POVERTY LINES
POVERTY MONITORING
POVERTY REDUCTION
PRIMARY EDUCATION
PRODUCTIVITY
PUBLIC EXPENDITURE
PUBLIC EXPENDITURES
PUBLIC INSTITUTIONS
PUBLIC SECTOR
PUBLIC SERVICES
PURCHASING POWER
PURCHASING POWER PARITY
QUALITY OF LIFE
REAL TERMS
REAL WAGES
RESOURCE ALLOCATION
RESOURCE USE
RULE OF LAW
SAFETY
SAFETY NET
SCHOOL SYSTEM
SERVICE DELIVERY
SERVICE SECTOR
SOCIAL ASSISTANCE
SOCIAL ASSISTANCE PROGRAMS
SOCIAL CAPITAL
SOCIAL DEVELOPMENT
SOCIAL EXCLUSION
SOCIAL EXPENDITURES
SOCIAL INDICATORS
SOCIAL ISSUES
SOCIAL POLICIES
SOCIAL POLICY
SOCIAL PROGRAMS
SOCIAL SECTORS
SOCIAL SECURITY
SOCIAL SERVICES
STATISTICAL DATA
TIME FRAME
TRANSACTION COSTS
UNEMPLOYMENT
URBAN POPULATIONS
URBAN RESIDENTS
VICTIMS
VIOLENCE
VULNERABLE GROUPS
WAGE INCOME
WORKERS
YOUNG PEOPLE
YOUTH
YOUTH UNEMPLOYMENT
spellingShingle ECONOMIC & SECTOR WORK
ECONOMIC GROWTH
HUMAN CAPITAL
POVERTY REDUCTION
INCOME DISTRIBUTION
SOCIAL IMPLICATIONS
EXPENDITURE ANALYSIS
SOCIAL ASSISTANCE PROGRAMS
SOCIAL CAPITAL
ECONOMIC INDICATORS
OIL PRODUCING COUNTRIES
OIL PRICES
AGRICULTURAL PRODUCTIVITY
MANUFACTURING DEVELOPMENT
EXPORT DIVERSIFICATION
CURRENCY CONVERTIBILITY
COMPETITIVENESS
LABOR PRODUCTIVITY
UNEMPLOYMENT
POVERTY INCIDENCE
INEQUITY
HUMAN RESOURCES DEVELOPMENT
SOCIAL DEVELOPMENT
EDUCATION SECTOR
HEALTH CARE PLANNING
CRIME DETERRENCE
VIOLENCE
EDUCATIONAL REFORMS
CURRICULUM DEVELOPMENT
QUALITY OF EDUCATION
EDUCATIONAL FINANCING
ALLOCATION OF RESOURCES
HEALTH PROGRAMS
PRIVATE SECTOR PARTICIPATION
INSTITUTIONAL CAPACITY ACCIDENTS
ACCOUNTABILITY
ANNUAL RATE
AVAILABLE DATA
CANCER
CAPACITY BUILDING
CAPITA GROWTH
CARDIOVASCULAR DISEASES
CITIZEN
COMPREHENSIVE ASSESSMENT
CORRUPTION
CRIME
DIRECT IMPACT
ECONOMIC CONDITIONS
ECONOMIC GROWTH
ECONOMIC MEMORANDUM
ECONOMIC PERFORMANCE
ECONOMIC POLICIES
ECONOMIC SHOCKS
EDUCATION LEVEL
EDUCATION PROGRAMS
EDUCATIONAL ATTAINMENT
ELASTICITIES
EXCHANGE RATE
EXPENDITURES
EXTREME POVERTY
FAMILIES
FINANCIAL CRISES
FINANCING MECHANISMS
FORMAL LABOR MARKET
GIRLS
GOVERNMENT EXPENDITURES
HEALTH INDICATORS
HEALTH INTERVENTIONS
HEALTH SECTOR
HEALTH SERVICE
HEALTH SERVICES
HEALTH STATUS
HIGH UNEMPLOYMENT
HOSPITALS
HOUSEHOLD SURVEY
HOUSING
HUMAN CAPITAL
HUMAN DEVELOPMENT
HYGIENE
IMMUNODEFICIENCY
INCOME
INCOME GROWTH
INEQUALITY
INFLATION
INFORMAL SECTOR
INJURIES
INSTITUTIONAL CAPACITY
INSTITUTIONAL FRAMEWORK
INTEREST RATES
INTERNATIONAL STANDARDS
LABOR FORCE
LABOR FORCE SURVEY
LABOR MARKET
LABOR PRODUCTIVITY
LABOR SUPPLY
LIVING STANDARDS
LIVING STANDARDS MEASUREMENT
LOW INCOME
MALARIA
MIGRANTS
MINIMUM WAGES
MORTALITY
NURSES
NURSING
NUTRITION
OIL
OIL PRICES
OIL SECTOR
OPEC
OVERALL EXPENDITURE
PER CAPITA INCOME
PHYSICIANS
POLICY DECISIONS
POLICY DIALOGUE
POLICY MAKERS
POLICY MEASURES
POLICY RESPONSE
POLITICAL INSTABILITY
POOR PERFORMANCE
POVERTY ASSESSMENT
POVERTY INDICATORS
POVERTY LINE
POVERTY LINES
POVERTY MONITORING
POVERTY REDUCTION
PRIMARY EDUCATION
PRODUCTIVITY
PUBLIC EXPENDITURE
PUBLIC EXPENDITURES
PUBLIC INSTITUTIONS
PUBLIC SECTOR
PUBLIC SERVICES
PURCHASING POWER
PURCHASING POWER PARITY
QUALITY OF LIFE
REAL TERMS
REAL WAGES
RESOURCE ALLOCATION
RESOURCE USE
RULE OF LAW
SAFETY
SAFETY NET
SCHOOL SYSTEM
SERVICE DELIVERY
SERVICE SECTOR
SOCIAL ASSISTANCE
SOCIAL ASSISTANCE PROGRAMS
SOCIAL CAPITAL
SOCIAL DEVELOPMENT
SOCIAL EXCLUSION
SOCIAL EXPENDITURES
SOCIAL INDICATORS
SOCIAL ISSUES
SOCIAL POLICIES
SOCIAL POLICY
SOCIAL PROGRAMS
SOCIAL SECTORS
SOCIAL SECURITY
SOCIAL SERVICES
STATISTICAL DATA
TIME FRAME
TRANSACTION COSTS
UNEMPLOYMENT
URBAN POPULATIONS
URBAN RESIDENTS
VICTIMS
VIOLENCE
VULNERABLE GROUPS
WAGE INCOME
WORKERS
YOUNG PEOPLE
YOUTH
YOUTH UNEMPLOYMENT
ECONOMIC & SECTOR WORK
ECONOMIC GROWTH
HUMAN CAPITAL
POVERTY REDUCTION
INCOME DISTRIBUTION
SOCIAL IMPLICATIONS
EXPENDITURE ANALYSIS
SOCIAL ASSISTANCE PROGRAMS
SOCIAL CAPITAL
ECONOMIC INDICATORS
OIL PRODUCING COUNTRIES
OIL PRICES
AGRICULTURAL PRODUCTIVITY
MANUFACTURING DEVELOPMENT
EXPORT DIVERSIFICATION
CURRENCY CONVERTIBILITY
COMPETITIVENESS
LABOR PRODUCTIVITY
UNEMPLOYMENT
POVERTY INCIDENCE
INEQUITY
HUMAN RESOURCES DEVELOPMENT
SOCIAL DEVELOPMENT
EDUCATION SECTOR
HEALTH CARE PLANNING
CRIME DETERRENCE
VIOLENCE
EDUCATIONAL REFORMS
CURRICULUM DEVELOPMENT
QUALITY OF EDUCATION
EDUCATIONAL FINANCING
ALLOCATION OF RESOURCES
HEALTH PROGRAMS
PRIVATE SECTOR PARTICIPATION
INSTITUTIONAL CAPACITY ACCIDENTS
ACCOUNTABILITY
ANNUAL RATE
AVAILABLE DATA
CANCER
CAPACITY BUILDING
CAPITA GROWTH
CARDIOVASCULAR DISEASES
CITIZEN
COMPREHENSIVE ASSESSMENT
CORRUPTION
CRIME
DIRECT IMPACT
ECONOMIC CONDITIONS
ECONOMIC GROWTH
ECONOMIC MEMORANDUM
ECONOMIC PERFORMANCE
ECONOMIC POLICIES
ECONOMIC SHOCKS
EDUCATION LEVEL
EDUCATION PROGRAMS
EDUCATIONAL ATTAINMENT
ELASTICITIES
EXCHANGE RATE
EXPENDITURES
EXTREME POVERTY
FAMILIES
FINANCIAL CRISES
FINANCING MECHANISMS
FORMAL LABOR MARKET
GIRLS
GOVERNMENT EXPENDITURES
HEALTH INDICATORS
HEALTH INTERVENTIONS
HEALTH SECTOR
HEALTH SERVICE
HEALTH SERVICES
HEALTH STATUS
HIGH UNEMPLOYMENT
HOSPITALS
HOUSEHOLD SURVEY
HOUSING
HUMAN CAPITAL
HUMAN DEVELOPMENT
HYGIENE
IMMUNODEFICIENCY
INCOME
INCOME GROWTH
INEQUALITY
INFLATION
INFORMAL SECTOR
INJURIES
INSTITUTIONAL CAPACITY
INSTITUTIONAL FRAMEWORK
INTEREST RATES
INTERNATIONAL STANDARDS
LABOR FORCE
LABOR FORCE SURVEY
LABOR MARKET
LABOR PRODUCTIVITY
LABOR SUPPLY
LIVING STANDARDS
LIVING STANDARDS MEASUREMENT
LOW INCOME
MALARIA
MIGRANTS
MINIMUM WAGES
MORTALITY
NURSES
NURSING
NUTRITION
OIL
OIL PRICES
OIL SECTOR
OPEC
OVERALL EXPENDITURE
PER CAPITA INCOME
PHYSICIANS
POLICY DECISIONS
POLICY DIALOGUE
POLICY MAKERS
POLICY MEASURES
POLICY RESPONSE
POLITICAL INSTABILITY
POOR PERFORMANCE
POVERTY ASSESSMENT
POVERTY INDICATORS
POVERTY LINE
POVERTY LINES
POVERTY MONITORING
POVERTY REDUCTION
PRIMARY EDUCATION
PRODUCTIVITY
PUBLIC EXPENDITURE
PUBLIC EXPENDITURES
PUBLIC INSTITUTIONS
PUBLIC SECTOR
PUBLIC SERVICES
PURCHASING POWER
PURCHASING POWER PARITY
QUALITY OF LIFE
REAL TERMS
REAL WAGES
RESOURCE ALLOCATION
RESOURCE USE
RULE OF LAW
SAFETY
SAFETY NET
SCHOOL SYSTEM
SERVICE DELIVERY
SERVICE SECTOR
SOCIAL ASSISTANCE
SOCIAL ASSISTANCE PROGRAMS
SOCIAL CAPITAL
SOCIAL DEVELOPMENT
SOCIAL EXCLUSION
SOCIAL EXPENDITURES
SOCIAL INDICATORS
SOCIAL ISSUES
SOCIAL POLICIES
SOCIAL POLICY
SOCIAL PROGRAMS
SOCIAL SECTORS
SOCIAL SECURITY
SOCIAL SERVICES
STATISTICAL DATA
TIME FRAME
TRANSACTION COSTS
UNEMPLOYMENT
URBAN POPULATIONS
URBAN RESIDENTS
VICTIMS
VIOLENCE
VULNERABLE GROUPS
WAGE INCOME
WORKERS
YOUNG PEOPLE
YOUTH
YOUTH UNEMPLOYMENT
World Bank
Bolivarian Republic of Venezuela : Investing in Human Capital for Growth, Prosperity, and Poverty Reduction
description This report draws on limited, available data to analyze selected economic, and social issues, which include better understanding of poverty, and inequality in relation to real income, and, improving the allocation of social expenditures, while increasing the effectiveness of social programs. The deterioration of social, and human capital should be prevented, by simultaneously promoting its accumulation. The report reviews the dismal economic performance of the country over the last decade, where the inability of policymakers to cope with the oil cycles, and prices decline prevails. Moreover, the country's dependence on the oil sector has deepened, while the share of agriculture, and manufacturing decreased, aggravated by the lack of export diversification, and the negative impact of the overvalued domestic currency on external competitiveness. Not surprisingly, labor productivity also decreased, reflecting a low real economic growth, which results in higher unemployment, poverty and inequality increases. The needed acceleration of human, and social capital development focuses on education, health, and the decline of crime and violence, suggesting continued implementation of primary education reforms, through the development of new curriculum, improved quality of basic education, and educational financing. Health recommendations include efficient resource allocation, prioritization of high-impact programs, and expanded private participation, and institutional development.
topic_facet ECONOMIC & SECTOR WORK
ECONOMIC GROWTH
HUMAN CAPITAL
POVERTY REDUCTION
INCOME DISTRIBUTION
SOCIAL IMPLICATIONS
EXPENDITURE ANALYSIS
SOCIAL ASSISTANCE PROGRAMS
SOCIAL CAPITAL
ECONOMIC INDICATORS
OIL PRODUCING COUNTRIES
OIL PRICES
AGRICULTURAL PRODUCTIVITY
MANUFACTURING DEVELOPMENT
EXPORT DIVERSIFICATION
CURRENCY CONVERTIBILITY
COMPETITIVENESS
LABOR PRODUCTIVITY
UNEMPLOYMENT
POVERTY INCIDENCE
INEQUITY
HUMAN RESOURCES DEVELOPMENT
SOCIAL DEVELOPMENT
EDUCATION SECTOR
HEALTH CARE PLANNING
CRIME DETERRENCE
VIOLENCE
EDUCATIONAL REFORMS
CURRICULUM DEVELOPMENT
QUALITY OF EDUCATION
EDUCATIONAL FINANCING
ALLOCATION OF RESOURCES
HEALTH PROGRAMS
PRIVATE SECTOR PARTICIPATION
INSTITUTIONAL CAPACITY ACCIDENTS
ACCOUNTABILITY
ANNUAL RATE
AVAILABLE DATA
CANCER
CAPACITY BUILDING
CAPITA GROWTH
CARDIOVASCULAR DISEASES
CITIZEN
COMPREHENSIVE ASSESSMENT
CORRUPTION
CRIME
DIRECT IMPACT
ECONOMIC CONDITIONS
ECONOMIC GROWTH
ECONOMIC MEMORANDUM
ECONOMIC PERFORMANCE
ECONOMIC POLICIES
ECONOMIC SHOCKS
EDUCATION LEVEL
EDUCATION PROGRAMS
EDUCATIONAL ATTAINMENT
ELASTICITIES
EXCHANGE RATE
EXPENDITURES
EXTREME POVERTY
FAMILIES
FINANCIAL CRISES
FINANCING MECHANISMS
FORMAL LABOR MARKET
GIRLS
GOVERNMENT EXPENDITURES
HEALTH INDICATORS
HEALTH INTERVENTIONS
HEALTH SECTOR
HEALTH SERVICE
HEALTH SERVICES
HEALTH STATUS
HIGH UNEMPLOYMENT
HOSPITALS
HOUSEHOLD SURVEY
HOUSING
HUMAN CAPITAL
HUMAN DEVELOPMENT
HYGIENE
IMMUNODEFICIENCY
INCOME
INCOME GROWTH
INEQUALITY
INFLATION
INFORMAL SECTOR
INJURIES
INSTITUTIONAL CAPACITY
INSTITUTIONAL FRAMEWORK
INTEREST RATES
INTERNATIONAL STANDARDS
LABOR FORCE
LABOR FORCE SURVEY
LABOR MARKET
LABOR PRODUCTIVITY
LABOR SUPPLY
LIVING STANDARDS
LIVING STANDARDS MEASUREMENT
LOW INCOME
MALARIA
MIGRANTS
MINIMUM WAGES
MORTALITY
NURSES
NURSING
NUTRITION
OIL
OIL PRICES
OIL SECTOR
OPEC
OVERALL EXPENDITURE
PER CAPITA INCOME
PHYSICIANS
POLICY DECISIONS
POLICY DIALOGUE
POLICY MAKERS
POLICY MEASURES
POLICY RESPONSE
POLITICAL INSTABILITY
POOR PERFORMANCE
POVERTY ASSESSMENT
POVERTY INDICATORS
POVERTY LINE
POVERTY LINES
POVERTY MONITORING
POVERTY REDUCTION
PRIMARY EDUCATION
PRODUCTIVITY
PUBLIC EXPENDITURE
PUBLIC EXPENDITURES
PUBLIC INSTITUTIONS
PUBLIC SECTOR
PUBLIC SERVICES
PURCHASING POWER
PURCHASING POWER PARITY
QUALITY OF LIFE
REAL TERMS
REAL WAGES
RESOURCE ALLOCATION
RESOURCE USE
RULE OF LAW
SAFETY
SAFETY NET
SCHOOL SYSTEM
SERVICE DELIVERY
SERVICE SECTOR
SOCIAL ASSISTANCE
SOCIAL ASSISTANCE PROGRAMS
SOCIAL CAPITAL
SOCIAL DEVELOPMENT
SOCIAL EXCLUSION
SOCIAL EXPENDITURES
SOCIAL INDICATORS
SOCIAL ISSUES
SOCIAL POLICIES
SOCIAL POLICY
SOCIAL PROGRAMS
SOCIAL SECTORS
SOCIAL SECURITY
SOCIAL SERVICES
STATISTICAL DATA
TIME FRAME
TRANSACTION COSTS
UNEMPLOYMENT
URBAN POPULATIONS
URBAN RESIDENTS
VICTIMS
VIOLENCE
VULNERABLE GROUPS
WAGE INCOME
WORKERS
YOUNG PEOPLE
YOUTH
YOUTH UNEMPLOYMENT
author World Bank
author_facet World Bank
author_sort World Bank
title Bolivarian Republic of Venezuela : Investing in Human Capital for Growth, Prosperity, and Poverty Reduction
title_short Bolivarian Republic of Venezuela : Investing in Human Capital for Growth, Prosperity, and Poverty Reduction
title_full Bolivarian Republic of Venezuela : Investing in Human Capital for Growth, Prosperity, and Poverty Reduction
title_fullStr Bolivarian Republic of Venezuela : Investing in Human Capital for Growth, Prosperity, and Poverty Reduction
title_full_unstemmed Bolivarian Republic of Venezuela : Investing in Human Capital for Growth, Prosperity, and Poverty Reduction
title_sort bolivarian republic of venezuela : investing in human capital for growth, prosperity, and poverty reduction
publisher Washington, DC
publishDate 2001-03-30
url http://documents.worldbank.org/curated/en/2001/03/1089480/venezuela-investing-human-capital-growth-prosperity-poverty-reduction
https://hdl.handle.net/10986/15702
work_keys_str_mv AT worldbank bolivarianrepublicofvenezuelainvestinginhumancapitalforgrowthprosperityandpovertyreduction
_version_ 1807154581086404608
spelling dig-okr-10986157022024-08-08T18:04:25Z Bolivarian Republic of Venezuela : Investing in Human Capital for Growth, Prosperity, and Poverty Reduction World Bank ECONOMIC & SECTOR WORK ECONOMIC GROWTH HUMAN CAPITAL POVERTY REDUCTION INCOME DISTRIBUTION SOCIAL IMPLICATIONS EXPENDITURE ANALYSIS SOCIAL ASSISTANCE PROGRAMS SOCIAL CAPITAL ECONOMIC INDICATORS OIL PRODUCING COUNTRIES OIL PRICES AGRICULTURAL PRODUCTIVITY MANUFACTURING DEVELOPMENT EXPORT DIVERSIFICATION CURRENCY CONVERTIBILITY COMPETITIVENESS LABOR PRODUCTIVITY UNEMPLOYMENT POVERTY INCIDENCE INEQUITY HUMAN RESOURCES DEVELOPMENT SOCIAL DEVELOPMENT EDUCATION SECTOR HEALTH CARE PLANNING CRIME DETERRENCE VIOLENCE EDUCATIONAL REFORMS CURRICULUM DEVELOPMENT QUALITY OF EDUCATION EDUCATIONAL FINANCING ALLOCATION OF RESOURCES HEALTH PROGRAMS PRIVATE SECTOR PARTICIPATION INSTITUTIONAL CAPACITY ACCIDENTS ACCOUNTABILITY ANNUAL RATE AVAILABLE DATA CANCER CAPACITY BUILDING CAPITA GROWTH CARDIOVASCULAR DISEASES CITIZEN COMPREHENSIVE ASSESSMENT CORRUPTION CRIME DIRECT IMPACT ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC MEMORANDUM ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC SHOCKS EDUCATION LEVEL EDUCATION PROGRAMS EDUCATIONAL ATTAINMENT ELASTICITIES EXCHANGE RATE EXPENDITURES EXTREME POVERTY FAMILIES FINANCIAL CRISES FINANCING MECHANISMS FORMAL LABOR MARKET GIRLS GOVERNMENT EXPENDITURES HEALTH INDICATORS HEALTH INTERVENTIONS HEALTH SECTOR HEALTH SERVICE HEALTH SERVICES HEALTH STATUS HIGH UNEMPLOYMENT HOSPITALS HOUSEHOLD SURVEY HOUSING HUMAN CAPITAL HUMAN DEVELOPMENT HYGIENE IMMUNODEFICIENCY INCOME INCOME GROWTH INEQUALITY INFLATION INFORMAL SECTOR INJURIES INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INTEREST RATES INTERNATIONAL STANDARDS LABOR FORCE LABOR FORCE SURVEY LABOR MARKET LABOR PRODUCTIVITY LABOR SUPPLY LIVING STANDARDS LIVING STANDARDS MEASUREMENT LOW INCOME MALARIA MIGRANTS MINIMUM WAGES MORTALITY NURSES NURSING NUTRITION OIL OIL PRICES OIL SECTOR OPEC OVERALL EXPENDITURE PER CAPITA INCOME PHYSICIANS POLICY DECISIONS POLICY DIALOGUE POLICY MAKERS POLICY MEASURES POLICY RESPONSE POLITICAL INSTABILITY POOR PERFORMANCE POVERTY ASSESSMENT POVERTY INDICATORS POVERTY LINE POVERTY LINES POVERTY MONITORING POVERTY REDUCTION PRIMARY EDUCATION PRODUCTIVITY PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC INSTITUTIONS PUBLIC SECTOR PUBLIC SERVICES PURCHASING POWER PURCHASING POWER PARITY QUALITY OF LIFE REAL TERMS REAL WAGES RESOURCE ALLOCATION RESOURCE USE RULE OF LAW SAFETY SAFETY NET SCHOOL SYSTEM SERVICE DELIVERY SERVICE SECTOR SOCIAL ASSISTANCE SOCIAL ASSISTANCE PROGRAMS SOCIAL CAPITAL SOCIAL DEVELOPMENT SOCIAL EXCLUSION SOCIAL EXPENDITURES SOCIAL INDICATORS SOCIAL ISSUES SOCIAL POLICIES SOCIAL POLICY SOCIAL PROGRAMS SOCIAL SECTORS SOCIAL SECURITY SOCIAL SERVICES STATISTICAL DATA TIME FRAME TRANSACTION COSTS UNEMPLOYMENT URBAN POPULATIONS URBAN RESIDENTS VICTIMS VIOLENCE VULNERABLE GROUPS WAGE INCOME WORKERS YOUNG PEOPLE YOUTH YOUTH UNEMPLOYMENT This report draws on limited, available data to analyze selected economic, and social issues, which include better understanding of poverty, and inequality in relation to real income, and, improving the allocation of social expenditures, while increasing the effectiveness of social programs. The deterioration of social, and human capital should be prevented, by simultaneously promoting its accumulation. The report reviews the dismal economic performance of the country over the last decade, where the inability of policymakers to cope with the oil cycles, and prices decline prevails. Moreover, the country's dependence on the oil sector has deepened, while the share of agriculture, and manufacturing decreased, aggravated by the lack of export diversification, and the negative impact of the overvalued domestic currency on external competitiveness. Not surprisingly, labor productivity also decreased, reflecting a low real economic growth, which results in higher unemployment, poverty and inequality increases. The needed acceleration of human, and social capital development focuses on education, health, and the decline of crime and violence, suggesting continued implementation of primary education reforms, through the development of new curriculum, improved quality of basic education, and educational financing. Health recommendations include efficient resource allocation, prioritization of high-impact programs, and expanded private participation, and institutional development. 2013-09-09T18:42:36Z 2013-09-09T18:42:36Z 2001-03-30 http://documents.worldbank.org/curated/en/2001/03/1089480/venezuela-investing-human-capital-growth-prosperity-poverty-reduction https://hdl.handle.net/10986/15702 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain Washington, DC