Program PetroCaribe sebagai Strategi Ekonomi Venezuela Era Presiden Nicolas Maduro

PetroCaribe is an oil organization initiated by Venezuela for countries in
the Caribbean region as a mean to economic diplomacy and overcome
the oil crisis within the country. Furthermore, PetroCaribe aims to provide
oil to countries in the Caribbean at low prices. This study aims to
find out the reasons behind the retention of PetroCaribe as a way to overcome
the economic crisis in Venezuela, and the influence of the existence
of PetroCaribe on countries in the Caribbean region. The approach
used in this study is the liberal institutionalist theory, which regards
the state as a selfish rational actor in operating internationally so that
agreements cannot be enforced hierarchically. Therefore, international
organizations can only expect cooperation to occur if the states have
the same interests. This is where PetroCaribe become useful as a form
of organization that accommodates the cooperation of the Venezuelan
state as the main actor with Caribbean countries in the economic field. The
method used in this study is qualitative and descriptive.