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Business Power and the Minimal State: The Defeat of Industrial Policy in Chile

Author

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  • Tomás Bril-Mascarenhas
  • Aldo Madariaga

Abstract

Chile has maintained a limited industrial policy for nearly three decades. Policy resilience during the 2000s and 2010s is especially puzzling given the political and economic context: three Socialist-led administrations; the retreat of the Washington Consensus; resource abundance from the commodity boom; and the decline of the so-called economic ‘miracle’. We present the first comprehensive analysis of industrial policy in post-authoritarian Chile (1990–present) and show the significant political influence of business actors with a preference for limited state intervention in the economy as a mechanism of policy reproduction.

Suggested Citation

  • Tomás Bril-Mascarenhas & Aldo Madariaga, 2019. "Business Power and the Minimal State: The Defeat of Industrial Policy in Chile," Journal of Development Studies, Taylor & Francis Journals, vol. 55(6), pages 1047-1066, June.
    • Handle: RePEc:taf:jdevst:v:55:y:2019:i:6:p:1047-1066
    DOI: 10.1080/00220388.2017.1417587
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    Cited by:

    1. Gouzoulis, Giorgos & Constantine, Collin, 2020. "The Political Economy of Inequality in Chile and Mexico: Two Tales of Neoliberalism," SocArXiv gruzp, Center for Open Science.
    2. Giorgos Gouzoulis & Collin Constantine, 2020. "The Political Economy of Inequality in Chile and Mexico: Two Tales of Neoliberalism," Working Papers 235, Department of Economics, SOAS University of London, UK.
    3. Andrea González & Juan Carlos Hallak & Andrés Tacsir, 2021. "¿Quién Tracciona la Estrategia Sectorial para la Inserción Internacional? Desafíos de Coordinación post-COVID en Cadenas Agroindustriales de América Latina," Working Papers 104, Red Nacional de Investigadores en Economía (RedNIE).
    4. Albert Sanghoon Park, 2023. "Building resilience knowledge for sustainable development: Insights from development studies," WIDER Working Paper Series wp-2023-33, World Institute for Development Economic Research (UNU-WIDER).

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