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Chile is one of South America's most stable and prosperous nations, [16] leading Latin American nations in human development, competitiveness, globalization, economic freedom, and low perception of corruption. [17] Since July 2013, Chile is considered by the World Bank as a "high-income economy". [128] [129] [130]
The economy of Chile operates as a market economy and is classified as a high-income economy by the World Bank. [27] It is recognized as one of the most prosperous countries in South America, [28] leading the region in areas such as competitiveness, income per capita, globalization, economic freedom, and low levels of perceived corruption. [29]
Chile is situated in southern South America, bordering the South Pacific Ocean and a small part of the South Atlantic Ocean. Chile's territorial shape is considered among the world's most unusual; from north to south, the country extends 4,270 km (2,653 mi), and yet it only averages 177 km (110 mi) in width.
Chile's recent economic history (since 1973) has been the focus of an extensive debate, as it pioneered neoliberal economic policies. [1] [2] [3] Chile emerged into independence as a rural economy on what was the periphery of the Spanish Empire. A period of relative free trade that began with independence in the 1810s brought a modernizing ...
Chilean statesman Diego Portales was the lead proponent of his country's aggressive foreign policy. The newly independent Republic of Chile's territorial possessions, inherited from the colonial general captaincy (capitanía general) that was under the control of the Spanish Empire's Viceroyalty of Peru, had left the state surrounded by undefined boundaries.
An enlargeable relief map of Chile. The following outline is provided as an overview of and topical guide to Chile: Chile – country in South America occupying a long, narrow strip of land between the Andes mountains to the east and the Pacific Ocean to the west. Prior to the arrival of the Spanish in the 16th century, northern and central ...
The territory of Chile has been populated since at least 3000 BC. By the 16th century, Spanish invaders began to raid the region of present-day Chile, and the territory was a colony from 1540 to 1818, when it gained independence from Spain.
So the really important thing about the Chilean business is that free markets did work their way in bringing about a free society." [1] The junta to which Friedman refers was a military government that came to power in a 1973 coup d'état, which came to an end in 1990 after a democratic 1988 plebiscite removed Augusto Pinochet from the presidency.