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Chilean (blue) and average Latin American (orange) GDP per capita (1980–2017) Chilean (orange) and average South American (blue): Rates of Growth of GDP (1971–2007) The "Miracle of Chile" was a term used by economist Milton Friedman to describe the reorientation of the Chilean economy in the 1980s and the effects of the economic policies applied by a large group of Chilean economists who ...
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]
When Chile became an independent nation in 1818 it was the poorest [clarification needed] territory in the Americas, [4] [5] by the 1890s it had become richer [clarification needed] than Sweden, and twice as rich than Japan [6] and it became one of the 15 richest [clarification needed] nations in the world, [7] a position it would retain for ...
Chile became an experiment in free markets when Augusto Pinochet called in followers of Friedman to evaluate the economy, the so-called Chicago boys. The authors argue that the economic reforms proved successful , but since Pinochet was a dictator who came to power in a coup and had many political opponents murdered , the whole idea of free ...
Chile, [a] officially the Republic of Chile, [b] is a country in western South America.It is the southernmost country in the world and the closest to Antarctica, stretching along a narrow strip of land between the Andes Mountains and the Pacific Ocean.
"A national anthem is something so important. We're playing in the World Cup, we're representing our country." Associated Press writer Pablo Giussani contributed from Belo Horizonte, Brazil.
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The Popular Unity platform included the nationalization of U.S. interests in Chile's major copper mines, the advancement of workers' rights, deepening of the Chilean land reform, reorganization of the national economy into socialized, mixed, and private sectors, a foreign policy of "international solidarity" and national independence and a new ...