Economy of Chile

Paper Summary:

This paper studies the economy of Chile, concentrating on the reasons for its economic growth over the past fourteen years. The author asserts that the growth has been led by a boom in exports, concentrated primarily in products and processed natural resources, namely copper, fresh fruit, and forestry and fisheries. The paper then details how the export boom has been sparked by soaring investment, both foreign and domestic. The author also explains how both Chile's mix of products and markets for exports are becoming increasingly diversified.

From the Paper:

"Open trade policies and a sensitivity to market needs have developed commodity and value-added exports with trading partners in the United States, Europe, and Asia over the past year. Chile steadfastly remains committed to free trade, lower barriers and open investment rules. The Chilean economy is clearly working well in a world economic system which no longer functions as it did. Yet, growth in Chile is based on the principle that one nation does not grow at the expense of another."

More papers on Economy of Chile:

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