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Three Decades of Neoliberal Economics in Chile: Achievements, Failures and Dilemmas

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  • Andrés Solimano

Abstract

The Chilean development story of the last two to three decades is a mix of successes in the macro, growth, poverty and trade fronts but also of failure in reducing chronic inequality of income and wealth. In addition, the current growth patterns have serious impacts on the environment, natural resources and energy demand. Adverse features of the Chilean development model include urban insecurity and rising crime, pollution, pressure on natural resources, congestion and social stratification in access to education, health and pensions.

Suggested Citation

  • Andrés Solimano, 2009. "Three Decades of Neoliberal Economics in Chile: Achievements, Failures and Dilemmas," WIDER Working Paper Series RP2009-37, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2009-37
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    File URL: https://www.wider.unu.edu/sites/default/files/RP2009-37.pdf
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    References listed on IDEAS

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    1. Jose De Gregorio & Andrea Tokman R., 2004. "Overcoming Fear of Floating: Exchange Rate Policies in Chile," Working Papers Central Bank of Chile 302, Central Bank of Chile.
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    3. Davies, James B. & Sandstrom, Susanna & Shorrocks, Anthony & Wolff, Edward N., 2006. "The World Distribution of Household Wealth," Conference papers 331490, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. World Bank, 2007. "World Development Indicators 2007," World Bank Publications - Books, The World Bank Group, number 8150.
    5. Rodrigo Fuentes & Mauricio Larraín & Klaus Schmidt-Hebbel, 2006. "Sources of Growth and Behavior of TFP in Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 43(127), pages 113-142.
    6. Jose De Gregorio, 2004. "Economic Growth in Chile: Evidence, Sources and Prospects," Working Papers Central Bank of Chile 298, Central Bank of Chile.
    7. Solimano, Andrés, 2008. "The middle class and the development process," Macroeconomía del Desarrollo 5432, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. José Díaz & Rolf Lüders & Gert Wagner, 2007. "Economía Chilena 1810-2000. Producto Total y Sectorial. Una Nueva Mirada," Documentos de Trabajo 315, Instituto de Economia. Pontificia Universidad Católica de Chile..
    9. López, Ramón & Miller, Sebastian J., 2008. "Chile: The Unbearable Burden of Inequality," World Development, Elsevier, vol. 36(12), pages 2679-2695, December.
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    Cited by:

    1. Rotarou, Elena S. & Sakellariou, Dikaios, 2017. "Neoliberal reforms in health systems and the construction of long-lasting inequalities in health care: A case study from Chile," Health Policy, Elsevier, vol. 121(5), pages 495-503.
    2. Ignacio C. Fernández & David Manuel-Navarrete & Robinson Torres-Salinas, 2016. "Breaking Resilient Patterns of Inequality in Santiago de Chile: Challenges to Navigate towards a More Sustainable City," Sustainability, MDPI, vol. 8(8), pages 1-19, August.
    3. Bronfman, Javier & Floro, Maria, 2014. "How well has the Social Protection Scheme Reduced Vulnerability in Chile?," MPRA Paper 63255, University Library of Munich, Germany.
    4. Banks, William, 2021. "When did Chile fall asleep? An assessment of national and regional income inequality in Chile, 1973-1990," LSE Research Online Documents on Economics 113197, London School of Economics and Political Science, LSE Library.

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    Keywords

    Economic development; Equality and inequality; Natural resources;
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