This case study presents the proposed reforms to political funding and election oversight in the Republic of Chile put forth by the administration of President Michelle Bachelet. It details the measures to increase public funding, ensure transparency in finances, and create effective sanctions for violations.
Backed by strong economic growth Chile has made substantial progress in improving the quality of life of its citizens. Nonetheless, gaps in living standards vis-à-vis other OECD countries remain large and there are strong differences in well-being across the Chilean population. The government has introduced important steps to strengthen redistribution and improve equality of opportunities, including ambitious tax, labour and education reforms. But there is room to further improve the design of many policies to promote inclusiveness. Moreover, to sustain progress in well-being, Chile also needs faster productivity growth which stagnated until recently. This requires policies that foster competition, improve human capital accumulation and increase the diversification of the economy that still relies heavily on commodity exports.
Chile has made major gains in prosperity. Continued reforms to labour markets will help growth to be shared more equally. Ensuring that economic gains are sustainable will require sustained efforts to foster entrepreneurship and innovation.
The 2015 edition introduces more detailed analysis of participation in early childhood and tertiary levels of education. The report also examines first generation tertiary-educated adults’ educational and social mobility, labour market outcomes for recent graduates, and participation in employer-sponsored formal and/or non-formal education.
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Life expectancy in Chile has increased faster than in most OECD countries over the past few decades, although it still remains almost two years below the OECD average. Further progress in reducing risk factors to health (notably smoking and obesity) and improving access to high-quality health care would help achieve further gains in population health status.
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La expectativa de vida en Chile ha aumentado más rápido que en la mayoría de los países de la OCDE durante las últimas décadas, aunque sigue siendo dos años inferior al promedio de la OCDE. Reducciones en factores de riesgo para la salud (en especial el tabaquismo y la obesidad), como también un mayor acceso a servicios sanitarios de alta calidad mejorarían aún más la salud de la población.
This report provides an overview of frameworks and experience in Latin America and internationally in dealing with the challenges associated with corporate governance of company groups. It describes their economic rationale, benefits and relevance in Latin America, and how they are defined, overseen and regulated. It also delves into some of the risks and more specific challenges involved in ensuring protection of minority shareholder rights and managing or minimising conflicts of interest within groups. It notes the rising importance of Latin American-based multinational company groups. Finally, it reviews existing international and regional guidance on corporate governance of company groups before assessing the more specific policy options and challenges in the region, and describing the conclusions reached by the Latin American Corporate Governance Roundtable and Task Force on Company Groups based on this report’s findings. Country-specific chapters provide more specific descriptions of the frameworks in place for corporate governance of company groups in Argentina, Brazil, Chile, Colombia, Mexico and Peru.
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Thanks to sound macroeconomic policies and a commodity price boom Chile enjoyed a long phase of strong economic growth and job creation. This allowed living standards to significantly catch up with those in other OECD countries. But despite this remarkable progress, gaps vis-à-vis other OECD countries continue to be large for some well-being dimensions.
Specific country notes have been prepared using data from the database OECD Health Statistics 2015, July 2015 version. The notes are available in PDF format.
A dashboard of key government indicators by country, to help you analyse international comparisons of public sector performance.