Copper Investment Policy in Chile 1973–1984

Carlos Fortin

Natural Resources Forum, 1984, vol. 8, issue 4, 315-325

Abstract: The present Government of Chile has retained under state ownership the large‐scale copper mines nationalized by the Allende Government in 1971. At the same time it has pledged itself to open fully the Chilean economy to the free play of national and international market forces and to this end has elected to expand Chilean copper production by using foreign capital. The financial regimes created by the Government to attract such investment are described. Although the investment terms have been generous, the Government has not been as successful in attracting as much foreign investment as it had hoped. It is suggested that the Government could expand copper production more efficiently and at less cost to the nation by investing in the state‐owned copper industry.

Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:wly:natres:v:8:y:1984:i:4:p:315-325

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