ABSTRACT
In this chapter, the automotive industry located in a country clearly specialized in oil production is studied. The authors analyze the features and behavior of the automotive sector in Venezuela, in light of the opportunities to participate in the appropriation of oil rent that terminal companies have had so far. The extremely low productivity of labor applied in the automotive industry, the very high weight of parts imports (and its counterpart, the reduced weight of local production) that characterize Venezuelan industry, as well as its links with steel production (supplier of inputs) and fuel supply, are related to the unity of the national capital accumulation process. Ever since its establishment, through the deep crisis of the 1970s and the strong expansion in the early 21st century, to the current situation of absolute paralysis, the evolution of the automotive industry in Venezuela is analyzed in its connection with the fluctuations in oil sales and the mechanisms of appropriation and distribution of ground rent that have come along with them.
KEYWORDS: Automotive industry; Oil ground rent; Venezuela; Crisis of capital.
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