How Chile Successfully Transformed Its Economy


 

Publication Date: September 2006

Publisher: Heritage Foundation (Washington, D.C.)

Author(s):

Research Area: Economics

Keywords: Worldwide freedom; pension system; flat tariff

Type: Report

Coverage: Chile

Abstract:

Opening itself to the global economy, learning to value entrepreneurial activity, and revitalizing the private sector were key to Chile's success. A flat tariff system, privatization of state enterprises, reconstruction of a sound banking system, and reform of the pension system were important components of these efforts.