# data[].attributes.body
2010-2018

# data[].attributes.body
Venezuela is producing far less vehicles in 2020 than they did in the 1970s, even though global car production has nearly tripled since then

# data[].attributes.body
"The automobile transnationals, weakened by the economic  downturn, were undergoing major organizational changes. To counter their decline, these corporations sought to penetrate foreign markets, integrate their international productive operations, expand the production of certain products in third-world nations, increase their control over raw materials, develop partnerships with each other, and strengthen their ties with their home governments and national currencies"

# data[].attributes.body
Pg. 244
"As a result of the world recession of the early 1970s, international capital underwent a major restructuring in which an important elements was the reorganization of the automobile industry...the automobile transnational corporations of the United States, Europe, and Japan competed intensely for foreign markets. Yet, since they were all caught in a world recession which forced them to redefine their global strategies, the major TNCs were reluctant to invest in Venezuela."
This quote details the challenges Venezuela faced going into the growing industry. With Germany and Japan becoming the car production monoliths we know them as today, Venezuela had massive competitors.

# data[].attributes.body
“You are right, the car will be expensive, but their children will have jobs.” This quote about the cost of buying a car can be applied to basic necessities such as food to current day. This is all because of corruption of the state, money mismanagement and hyperinflation.

# data[].attributes.body
p. 264: "Finally to make his argument irrefutable to the government's representative, Machado Zuloaga invoked a central tent of the doctrine of state-led industrialization: the state serves the national interest by promoting local industry."

# data[].attributes.body
"Between the cracks one could fleetingly see that the magic of oil money could no longer sustain the magical state, as national oil money dissolved into the global financial torrents of international capital" = why this is important

# data[].attributes.body
Pg. 285 "What began in 1974, however illusorily, as a moment of empowerment - of belief in the domestic capacity to modernize the nation - ended in a heightened simulacrum of power - the pretense of sovereign control in the face of uncontrollable domestic and international events and forces".

# data[].attributes.body
p. 239-240: "The industry's expansion offered the expectation of national progress because it was thought to united, in its advanced productive organization and in the social value of the commodity produced, the promise of collective development and of individual autonomy."

# data[].attributes.body
Export Promotion vs Import Substitution
" The difficult goal of the world sourcing and marketing for world cars required that national protectionist barriers be minimized, production facilities be integrated internationally, and national resources be accessible- hence thee TNCs' heightened concern with the specifics of national auto policies"

# data[].attributes.body
p. 269
"As Madero talked and was met with approval by Machado Zuloaga, Gerald Greenwald repeatedly interrupted him, saying 'Yes, you might be right, but I would like to know what your wife will think when she buys a car.' Madero chose not to respond to these interruptions, but a member of his staff told Greenwald 'You are right, the car will be expensive, but their children will have jobs.'"

# data[].attributes.body
Venezuela During 1960: Economy, Culture, and Politics of Oil

If you choose this format try to describe why this video is special and explain what it adds to the reading here.

# data[].attributes.body
Pg. 239

"The automotive industry policy formulated in 1962 was an important expression of this project, which was premised on the notion that Venezuela should replicate the evolution of the developed capitalist nations."

# data[].attributes.body
Camaros were assembled at these five overseas factories: the Yutivo factory in Manila, Philippines (the subject of a CRG research article); GM Continental in Antwerp, Belgium; GM Suisse in Bienne, Switzerland; GM de Venezolana in Caracas, Venezuela; and GM del Peru in Lima, Peru. (click the link for more info)

The idea of a 'classic American muscle car' may be less North American than most people think.