Sat, May 19, 2007 - Page 7 News List

Chavez's policies fail Caracas' poor

STREET LIFE The government insists it is using oil revenue to diversify the economy, but critics say President Hugo Chavez's policies are entrenching the informal economy

AP , CARACAS

But critics say Chavez's economic policies are hindering job creation and entrenching the informal economy, scaring businesses with threats of expropriation while new regulations make it harder to turn a profit.

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