Transfer of financial economic resources and territorial impacts in Venezuela. Case of study: Zuliana Region vs Capital Region

Abstract

This paper achieves an analysis of the unbalances between different regions, starting with the analysis of some variables of the financial system, viewed as the sector through which the transfer of the economic surplus produced by one region to another represents the benefits for some regions and the sacrifice the of other. In this analysis, two regions are analysed, one is the exporter region and the other one is the importer of economics and financial resources: the first one is the Zulia region, and the other is the Capital region. These unbalanced conditions are revealed in different ways. Thereby, we find that the "importer" region has higher rates of growth, higher levels of income, lower rates of unemployment, and higher rates of capital/product, etc. On the other hand we find that the "exporter" region has higher levels of stalemate. The first point to be analyzed are the unbalanced conditions in the analysis of the economical and financial resources, because we begin with the premise that resources support, promote or the other hand, limit and stop the process of development of the region.