Economic development in Chile since the 1970s

Ricardo Ffrench-Davis

Chapter I in Economic Reforms in Chile, 2010, pp 3-49 from Palgrave Macmillan

Abstract: Abstract One main reason for the relevance of the Chilean experience for other emerging economies, with the implementation of a free market economic model, rests in the depth of transformations and the long period since this process was started. The first intense reforms were launched in 1973, under the dictatorship of general Pinochet. Usually, it has been accepted that there is “one” successful Chilean model. The fact is that the more than one-third of a century since 1973 includes several subperiods, with different approaches, diverse external environments, and notably diverse economic and social outcomes. This diversity is of great significance, since Chile teaches about successes but also deep mistakes and failures to be avoided.

Keywords: Exchange Rate; Foreign Direct Investment; Gross Domestic Product; Central Bank; Real Exchange Rate (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28965-9_1

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DOI: 10.1057/9780230289659_1

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