Venezuela, Latin America's second-oldest democracy, today faces its greatest challenge. Recovering from the attempted military coup of February 1992 and seeking resolution of a severe crisis of presidential legitimacy, the Perez government must now fight for its survival.
This book explores the roots of Venezuela's current crisis. The authors trace the country's democratic development, offer in-depth studies of the processes of state reform and economic restructuring launched by President Perez in 1989, discuss recent changes in Venezuela's foreign policy, and consider the role of the main political opposition. They also evaluate the first year of the Perez government. Concluding with an insightful analysis of the startling events of February 4, 1992, and the institutional obstacles that Venezuela must now overcome, the book provides an excellent overview of the country at a March 14 , 1997 critical juncture in its history