Hugo Chavez Notes - Hugo Rafael Chvez Fras (born July 28,...

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Hugo Rafael Chávez Frías (born July 28 , 1954 ) is the current President of Venezuela . As the leader of the " Bolivarian Revolution ," Chávez promotes his vision of democratic socialism , [1] Latin American integration, and anti- imperialism . He is also an ardent critic of neoliberal globalization and U.S. foreign policy . [2] A career military officer, Chávez founded the leftist Fifth Republic Movement after orchestrating a failed 1992 coup d'état against former President Carlos Andrés Pérez . Chávez was elected President in 1998 [3] on promises of aiding Venezuela's poor majority, and was reelected in 2000 and 2006 . Domestically, Chávez has launched Bolivarian Missions , whose goals are to combat disease, illiteracy, malnutrition, poverty, and other social ills. Abroad, Chávez has acted against the Washington Consensus by supporting alternative models of economic development , and has advocated cooperation among the world's poor nations, especially those in Latin America. Chávez's reforms have evoked exceptional controversy in Venezuela and abroad, receiving both criticism and praise. Venezuelans are split between those who say he has empowered the poor and stimulated economic growth, and those who say he is autocratic and has mismanaged the economy. [4] Some foreign governments view Chávez as a threat to global oil prices and regional stability, [5] while others sympathize with his ideology [6] or welcome his bilateral trade and reciprocal aid agreements. [7] In 2005 and 2006 he was named one of Time magazine's 100 most influential people . [8] [9] Economic Policy Venezuela is a major producer of oil products, which remain the keystone of the Venezuelan economy. Chávez has gained a reputation as a price hawk in OPEC , pushing for stringent enforcement of production quotas and higher target oil prices. At a June 2006 meeting, Venezuela was the only OPEC country calling for lowered production to drive oil prices higher. Industry analysts say Venezuela wants lower quotas because, under Chávez's administration, the output of Petróleos de Venezuela S.A. (PDVSA), Venezuela's state-owned oil company, has been reduced by 25% and Venezuela cannot meet its current quota. [107]
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Hugo Chavez Notes - Hugo Rafael Chvez Fras (born July 28,...

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