Trade-led Growth, Natural Resource Dependence, and Sustainable Development
نویسنده
چکیده
Since the Pinochet dictatorship in the 1970s, Chile has carried out neoliberal reforms. Successive governments have promoted exports, reduced tariffs, welcomed foreign investment, and pursued bilateral and regional trade agreements, including the recent U.S.-Chile Free Trade Agreement. Unlike most countries in the region, these reforms have produced rapid growth. Real growth rates in the 1990s averaged 6 percent. Thanks in part to Chile’s diverse trade relationships and its maintenance of capital controls – a notable area in which liberalization was limited – the financial crisis in Argentina did not affect Chile to the same extent it spread to Brazil and some other countries in the region.
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