Objectives
International relations scholar Sheldon Liss, in Diplomacy and Dependency: Venezuela, the United States, and the Americas (1978) described the initial objectives of SELA:
SELA, composed of twenty-five member states, and to which Venezuela contributes the largest share (17 per cent) of the budget, hopes to: restructure international commerce in basic commodities in order to raise developing states' export values, improve trade conditions, stimulate industrial development, control foreign-based transnational corporations, create Latin American multinational companies which will use to better advantage the human, technological, and financial resources of the area, sponsor organizations to process and market raw materials, improve the negotiating power of the member states, and plan joint economic strategies.
SELA members deem it likely that Venezuelan oil wealth will permit them easy access to petrodollars for use as finance capital. (pp 271, 2.)
Read more about this topic: Latin American Economic System
Famous quotes containing the word objectives:
“Along the journey we commonly forget its goal. Almost every vocation is chosen and entered upon as a means to a purpose but is ultimately continued as a final purpose in itself. Forgetting our objectives is the most frequent stupidity in which we indulge ourselves.”
—Friedrich Nietzsche (1844–1900)