Chilean Economy: Policy Lessons and Challenges by Brookings Institution (Paperback, 1994)
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- DescriptionShould countries in Latin America and Eastern Europe follow the Chilean approach to ecomic restructuring, market liberalization, and stabilization? Following years of hyperinflation and domestic turmoil, Chile undertook a series of dramatic ecomic reforms. Chile has also served as a social laboratory for such policies as privatization and social security reform that are of interest to both developed and developing ecomies. Having implemented much of the original reform program and emerging in the 1990s with a new democratic government, Chile also raises interesting questions about what comes next in its policies to promote growth. The advent in the 1990s of Chile as a model for ecomic reform is something of a surprise. Many of the reforms were actually introduced in the 1970s, and for a number of years many seemed to have failed to achieve their primary objectives. The more recent, positive view of the Chilean experience results from developments after 1983. Since then, the Chilean ecomy has grown robustly. What remains controversial is the question why the benefits of the reforms took so long to emerge. In this book, international scholars review the reforms in Chile and assess their effectiveness. They evaluate stabilization policy, ecomic growth, privatization, reform of the social security system, and the politics of ecomic reform. Now that many of the original reforms have been largely completed, and Chile has maintained a coherent macroecomic policy with slowly declining inflation, the authors prescribe what Chile must do to sustain growth in the future. In addition to the editors, contributors include Eduardo Bitran, University of Chile; Vittorio Corbo, Catholic University of Chile; Peter Diamond, MIT; Sebastian Edwards, University of California, Los Angeles, and the World Bank; Stanley Fischer, MIT; Felipe Larrain B., Catholic University of Chile; Mario Marcel, IDB; Manuel Marf n, CIEPLAN; Ra*l E. S ez, CIEPLAN; AndrUs Solima, the World Bank; AndrUs Velasco, New York University; and Salvador ValdUs-Prieto, Catholic University of Chile.
- Author BiographyBarry Bosworth is a senior fellow and Robert V. Roosa Chair in International Economics at the Brookings Institution. Rudiger Dornbusch is Ford International Professor of Economics at the Massachusetts Institute of Technology, USA. Ra*l Lab n is an economist at CIEPLAN, a nonprofit research institution based in Chile. Ra*l Lab n is an economist at the Ministerio de Hacienda in Chile.
- PublisherBrookings Institution
- Date of Publication01/03/1994
- SubjectFinance & Accounting
- Place of PublicationWashington DC
- Country of PublicationUnited States
- ImprintBrookings Institution
- Weight36 g
- Width152 mm
- Height229 mm
- Spine31 mm
- Edited byBarry P. Bosworth,Raul Laban,Rudiger Dornbusch
- Format DetailsTrade paperback (US)
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