Here is a negative answer from an ex-pat Venezuelan economist
One thing that's indisputable is that Hugo is greatly helping the self esteem of American celebrities as Anne Appelbaum writes over at Slate.

"It is a 'no' to Guatemala's tragic history," Colom, 56, said when asked if the vote was a rejection of the country's military past.
Politics is not a spectator sport in Guatemala: The election campaign was marred by violence, with more than 50 political party activists or candidates for Congress or local elections killed. Colom's party was hardest hit with almost 20 party members murdered since last year.For further analysis of the election look here.