› Chile › Publications & Documents
English, , 348kb
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.
Spanish, , 370kb
Unos fundamentos sólidos y una gestión macroeconómica firme han permitido amortiguar la recesión económica mundial, que, sin embargo, ha afectado aChile con un acusado deterioro de los términos de intercambio y el desplome del comercio mundial.
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.
English, , 341kb
Sound fundamentals and strong macroeconomic management have provided a buffer against the global economic recession, which nevertheless hit Chile both through a sharp deterioration in its terms of trade and the collapse of world trade. There was room for decisive macroeconomic stimulus thanks to sound monetary policy and prudent fiscal policy during the boom years. This, together with the rebound in copper prices – Chile’s main export
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.