Backsliding on Good Governance: the Venezuelan case

During the last ten years, Venezuela has experienced a stark regression on its road to good governance, performing negatively in most indicators. Such backsliding can be attributed to the poor governance the country has undergone during its current administration, as well as due to falling oil prices worldwide which has severely damaged the country’s single-commodity-centered economy. A number of corrupt and anti‐democratic processes have also led to this negative transition, that instead of pushing forward the once regional leader, has only pushed it backward. Across this essay, we aim to analyze, through a historical summary of the past twenty years using a process-tracing methodology, the main events in Venezuela that have led to the deterioration of the country’s good governance indicators.