The Economic Model of the Military Dictatorship

Patricio Meller
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Patricio Meller: University of Chile

Chapter 2 in The Unidad Popular and the Pinochet Dictatorship, 2000, pp 61-157 from Palgrave Macmillan

Abstract: Abstract The myth of Chilean democracy was deeply rooted: ‘the oldest and most stable democracy in Latin America’ in a region characterized by military coups and political instability. From 1831 to 1970 a long succession of presidents had been elected by vote, and all had completed and respected their terms of office. Of course, during a long lapse of time such as this there were short periods of conflict, but what other Latin America country could boast a similar record of 140 years’ continuous fulfillment of democracy? Chile’s historical tradition reiterated and maximized the democratic myth, ignoring any historic conflicts and events that might diminish it.

Keywords: Exchange Rate; Monetary Policy; Current Account; Real Exchange Rate; Real Wage (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52395-1_2

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DOI: 10.1057/9780230523951_2

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