Business Power and the Minimal State: The Defeat of Industrial Policy in Chile

Tomás Bril-Mascarenhas and Aldo Madariaga

Journal of Development Studies, 2019, vol. 55, issue 6, 1047-1066

Abstract: Chile has maintained a limited industrial policy for nearly three decades. Policy resilience during the 2000s and 2010s is especially puzzling given the political and economic context: three Socialist-led administrations; the retreat of the Washington Consensus; resource abundance from the commodity boom; and the decline of the so-called economic ‘miracle’. We present the first comprehensive analysis of industrial policy in post-authoritarian Chile (1990–present) and show the significant political influence of business actors with a preference for limited state intervention in the economy as a mechanism of policy reproduction.

Date: 2019
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DOI: 10.1080/00220388.2017.1417587

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