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Chile is by all odds the best economic success story in Latin America today. The real miracle is that a military junta was willing to let them do it." [30] Friedman said the "Chilean economy did very well, but more important, in the end the central government, the military junta, was replaced by a democratic society. So the really important ...
Chile experienced its first modern economic crisis with the Long depression in the 1870s. The exploitation of lucrative nitrate deposits of the north conquered in the War of the Pacific (1879–1884) marked a whole epoch in the history of Chile and the economic legacy of nitrate has been widely debated.
The economy of Chile operates as a market economy and is classified as a high-income economy by the World Bank. [28] It is recognized as one of the most prosperous countries in South America , [ 29 ] leading the region in areas such as competitiveness , income per capita , globalization , economic freedom , and low levels of perceived ...
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.
Santiago hosted the final stages of the official 1959 Basketball World Cup, where Chile won the bronze medal. The city held a round of the all-electric FIA Formula E Championship on 3 February 2018, on a temporary street circuit incorporating the Plaza Baquedano and Parque Forestal. [92] It was the first FIA sanctioned race in the country.
Chilean mythology covers of a large collection of myths and legends from the beliefs of Chile's indigenous groups (Mapuche, Tehuelche, Changos, Diaguitas, Picunches, Pehuenches, Huilliches, Poyas and more). Their mythology shows a significant influence by European colonization, mainly during the Spanish colonial period.
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.
Northern Chile forms part of the Lithium Triangle with substantial reserves in the form of brine. The explosive growth in electric vehicles since 2015 has triggered increased demand. Chile is the main producer of lithium from brine. [14] Until 2017, when it was surpassed by Australia, Chile was the over-all main producer of lithium. [15]