Chile - Latin America's Star Performer
|
Case Code: ECOA123 Case Length: 14 Pages Period: 2003 Pub Date: 2003 Teaching Note: Not Available |
Price: Rs.300 Organization : - Industry : - Countries : Chile, South America Themes: - |
Abstract Case Intro 1 Excerpts
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, President
Introduction
Chile had long been considered the most promising economy in Latin America. A country blessed with abundant mineral resources, Chile had the largest copper reserves and second largest lithium reserves in the world. With a long coastline, (Chile was 4300 km long and only 175 km wide) fishing was an important industry for Chile, which was one of the largest salmon producers in the world. Since 1973, after a military coup and a serious economic crisis, Chile's economy had done well. Indeed, it had become a case study in economic liberalization and structural reforms for developing countries. Belt tightening measures combined with removal of trade barriers had resulted in low inflation, a stable currency and steady growth through most of the 1990s.
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...
Buy this case study (Please select any one of the payment options)
| Price: Rs.300 |
Price: Rs.300 | PayPal (7 USD) |
