Rebuilding Democracy in Venezuela — Breaking the Paradox of Plenty: Can Venezuela Escape the Resource Trap?
"Rebuilding Democracy in Venezuela" is a four-part webinar series hosted by CDDRL's Democracy Action Lab that examines Venezuela’s uncertain transition to democracy through the political, economic, security, and justice-related challenges that will ultimately determine its success. Moving beyond abstract calls for change, the series will offer a practical, sequenced analysis of what a democratic opening in Venezuela would realistically require, drawing on comparative experiences from other post-authoritarian transitions.
Venezuela’s democratic future will be shaped not only by political transitions, but by how the country manages its most defining structural feature: vast natural resource wealth. Oil has historically been both a source of opportunity and a driver of institutional fragility, contributing to cycles of centralization, rent-seeking, and democratic erosion. As Juan Pablo Pérez Alfonzo — former oil minister of Venezuela and one of the architects of OPEC — famously warned, petroleum could become “the devil’s excrement,” bringing with it corruption, waste, and institutional decay.
As Venezuela looks ahead to a potential — yet elusive — democratic opening, a central question emerges: can the country escape the historical trap of resource dependence and build a model in which oil supports — not undermines — shared prosperity and democracy?
This session brings together leading thinkers on political economy, development, and global energy to explore how Venezuela can transform its resource wealth into a foundation for democratic stability, economic diversification, and shared prosperity.
SPEAKERS
- Paul Collier, Professor of Economics and Public Policy at the Blavatnik School of Government, Oxford University
- Development Strategy
- Francis Fukuyama, Olivier Nomellini Senior Fellow at the Freeman Spogli Institute for International Studies, Director of the Ford Dorsey Master's in International Policy
- Challenges of State-Building and Institutional Development
- Terry Lynn Karl, Gildred Professor of Latin American Studies, Professor of Political Science, William and Gretchen Kimball University Fellow & Senior Research Scholar (by courtesy) of FSI/CDDRL, Stanford
- Political Constraint – Institutional Design
- Political Constraint – Institutional Design
MODERATOR
Héctor Fuentes, Visiting Scholar at the Center on Democracy, Development and the Rule of Law at Stanford University
This is a hybrid event. In-person in Goldman Conference Room, Encina Hall East, 4th floor - E409; Livestream via Zoom. Registration required.
Terry L. Karl
Department of Political Science
Encina Hall
Stanford University
Stanford, CA 94305-6044
Professor Karl has published widely on comparative politics and international relations, with special emphasis on the politics of oil-exporting countries, transitions to democracy, problems of inequality, the global politics of human rights, and the resolution of civil wars. Her works on oil, human rights and democracy include The Paradox of Plenty: Oil Booms and Petro-States (University of California Press, 1998), honored as one of the two best books on Latin America by the Latin American Studies Association, the Bottom of the Barrel: Africa's Oil Boom and the Poor (2004 with Ian Gary), the forthcoming New and Old Oil Wars (with Mary Kaldor and Yahia Said), and the forthcoming Overcoming the Resource Curse (with Joseph Stiglitz, Jeffrey Sachs et al). She has also co-authored Limits of Competition (MIT Press, 1996), winner of the Twelve Stars Environmental Prize from the European Community. Karl has published extensively on comparative democratization, ending civil wars in Central America, and political economy. She has conducted field research throughout Latin America, West Africa and Eastern Europe. Her work has been translated into 15 languages.
Karl has a strong interest in U.S. foreign policy and has prepared expert testimony for the U.S. Congress, the Supreme Court, and the United Nations. She served as an advisor to chief U.N. peace negotiators in El Salvador and Guatemala and monitored elections for the United Nations. She accompanied numerous congressional delegations to Central America, lectured frequently before officials of the Department of State, Defense, and the Agency for International Development, and served as an adviser to the Chairman of the House Sub-Committee on Western Hemisphere Affairs of the United States Congress. Karl appears frequently in national and local media. Her most recent opinion piece was published in 25 countries.
Karl has been an expert witness in major human rights and war crimes trials in the United States that have set important legal precedents, most notably the first jury verdict in U.S. history against military commanders for murder and torture under the doctrine of command responsibility and the first jury verdict in U.S. history finding commanders responsible for "crimes against humanity" under the doctrine of command responsibility. In January 2006, her testimony formed the basis for a landmark victory for human rights on the statute of limitations issue. Her testimonies regarding political asylum have been presented to the U.S. Supreme Court and U.S. Circuit courts. She has written over 250 affidavits for political asylum, and she has prepared testimony for the U.S. Attorney General on the extension of temporary protected status for Salvadorans in the United States and the conditions of unaccompanied minors in U.S. custody. As a result of her human rights work, she received the Doctor of Humane Letters, honoris causa from the University of San Francisco in 2005.
Professor Karl has been recognized for "exceptional teaching throughout her career," resulting in her appointment as the William R. and Gretchen Kimball University Fellowship. She has also won the Dean's Award for Excellence in Teaching (1989), the Allan V. Cox Medal for Faculty Excellence Fostering Undergraduate Research (1994), and the Walter J. Gores Award for Excellence in Graduate and Undergraduate Teaching (1997), the University's highest academic prize. Karl served as director of Stanford's Center for Latin American Studies from 1990-2001, was praised by the president of Stanford for elevating the Center for Latin American Studies to "unprecedented levels of intelligent, dynamic, cross-disciplinary activity and public service in literature, arts, social sciences, and professions." In 1997 she was awarded the Rio Branco Prize by the President of Brazil, Fernando Henrique Cardoso, in recognition for her service in fostering academic relations between the United States and Latin America.
Francis Fukuyama
Encina Hall, C148
616 Jane Stanford Way
Stanford, CA 94305
Francis Fukuyama is the Olivier Nomellini Senior Fellow at Stanford University's Freeman Spogli Institute for International Studies (FSI), and a faculty member of FSI's Center on Democracy, Development and the Rule of Law (CDDRL). He is also Director of Stanford's Ford Dorsey Master's in International Policy, and a professor (by courtesy) of Political Science.
Dr. Fukuyama has written widely on issues in development and international politics. His 1992 book, The End of History and the Last Man, has appeared in over twenty foreign editions. His book In the Realm of the Last Man: A Memoir will be published in fall 2026.
Francis Fukuyama received his B.A. from Cornell University in classics, and his Ph.D. from Harvard in Political Science. He was a member of the Political Science Department of the RAND Corporation, and of the Policy Planning Staff of the US Department of State. From 1996-2000 he was Omer L. and Nancy Hirst Professor of Public Policy at the School of Public Policy at George Mason University, and from 2001-2010 he was Bernard L. Schwartz Professor of International Political Economy at the Paul H. Nitze School of Advanced International Studies, Johns Hopkins University. He served as a member of the President’s Council on Bioethics from 2001-2004. He is editor-in-chief of American Purpose, an online journal.
Dr. Fukuyama holds honorary doctorates from Connecticut College, Doane College, Doshisha University (Japan), Kansai University (Japan), Aarhus University (Denmark), the Pardee Rand Graduate School, and Adam Mickiewicz University (Poland). He is a non-resident fellow at the Carnegie Endowment for International Peace. He is a member of the Board of Trustees of the Rand Corporation, the Board of Trustees of Freedom House, and the Board of the Volcker Alliance. He is a fellow of the National Academy for Public Administration, a member of the American Political Science Association, and of the Council on Foreign Relations. He is married to Laura Holmgren and has three children.
(October 2025)
Global Populisms
Join us for the final event in a four-part webinar series hosted by the Democracy Action Lab — "Rebuilding Democracy in Venezuela." Tuesday, April 28, 10:00 - 11:15 am PT.