Search results
Results from the WOW.Com Content Network
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]
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.
Chile is a high-income economy and is one of the most economically and socially stable nations in South America. [17] Chile also performs well in the region in terms of sustainability of the state and democratic development. [18]
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.
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 ...
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 ...
Chileans are bundling up with more clothes and clutching cups of hot coffee as the country faces the most intense cold snap in nearly 70 years, bringing winter weather in the middle of autumn.
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.