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From: Robin Bew [mailto:[log in to unmask]]
Sent: Thursday, March 14, 2013 1:37 PM
To: Oliver, James
Subject: Venezuela after Chavez: From our Chief Economist

 

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Thursday, March 14, 2013

 

Venezuela after Chavez

The death of Venezuela's larger-than-life president, Hugo Chavez, creates a power vacuum that should set a cautionary example to any regime that relies on a would-be autocrat. Mr Chavez's dominance of public life and the steady concentration of power in the presidency under his rule have left the country bereft of capable administrators and robust institutions. My team of Latin America analysts and I looked closely at succession issues as Mr Chavez's health deteriorated. We believe that his chosen replacement—interim president Nicolas Maduro—should win the April 14th election. However, in the longer term the ruling elite will struggle to maintain its unity without Mr Chavez's charismatic presence.

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Best regards,

Robin Bew
Chief Economist

P.S. If you are looking for analysis or data on a particular region, or have any other queries you think The Economist Intelligence Unit could help with, please get in touch with your local office by phone or email.

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