Chile - Latin America's Star Performer |
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Because we come from a country that is separated from the rest of the world by the reality of our geography, we embrace with enthusiasm and optimism the phenomenon of globalization that makes us all part of a shared time and space. - Ricardo Lagos, President1 Introduction
Chile was one of the most open economies in the world, with exports and imports equivalent to about 65% of GDP. The country had one of the most independent Central Banks among emerging markets. Exchange controls had by and large been removed. During the period 1987-98, Chile recorded 11 consecutive years of budget surplus. Chile's ports were considered to be the most efficient in Latin America largely because of privatization. Chile had also led the way in the privatization of the telecom sector in Latin America...
1] http://www.wednesday-night.com/WorldNotes.htm, 14th April 2001 |
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