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OECD Secretary-General Angel Gurría expressed his congratulations to Chile’s new President, Sebastián Piñera, on the occasion of his inauguration, and assured him of the support of the OECD.
OECD Secretary-General Angel Gurría expressed sympathy and solidarity with the people of Chile in the wake of the tragic effects of the earthquake.
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Statement by Ms Marigen Hornkohl Venegas, Minister of Agriculture, Chile to the OECD Agriculture Ministerial Meeting 2010
List of Economic Surveys of Chile
This chapter suggests ways to further bolster the economy’s resilience against shocks by sharpening the fiscal rule in copper price booms, while making room to relax it more in severe downturns.
Chile has made impressive progress in educational attainment but still needs to catch up with OECD quality standards, and equity problems need to be addressed.
Productivity growth has declined since the late 1990s, slowing the catching-up process. Structural reforms to strengthen competition, entrepreneurship and innovation would go a long way toward enhancing it.
Chile, now on the path to becoming the OECD’s newest member, is emerging from recession relatively fast on the back of government stimulus measures and a rebound in copper export prices, says a new OECD report.
The main economic challenges are now in the areas of financial market regulation, fiscal and tax policies, productivity, and the education system.
Chile’s robust pace of expansion hit a roadblock when the global financial crisis erupted in mid 2008, and trade flows tumbled. Despite strong fundamentals, Chile was hit severely by the crisis.