Economic Reforms in Chile: From Dictatorship to Democracy
University of Michigan Press, 2002 - 263 páginas
Articulate and provocative, Richardo Ffrench-Davis offers the most comprehensive and timely assessment available of Chilean economic reform, from the military dictatorship of Pinochet in the 1970s up to the "reforms of reforms" made by the democratic governments in the 1990s.
Written in accessible and readable prose, Economic Reforms in Chile begins with an overview of the Chilean economy during the last fifty years. This historical time frame is divided into three periods of economic reform. The first period covers the Pinochet regime, during which the more orthodox neoliberalism was implemented. The second period includes the Pinochet dictatorship, during which economic policy shifted toward pragmatism, particularly in the areas of trade and finance; it also includes the crisis of 1982 and its effects. The third period begins in 1990 with the return to democratic elections and the significant reforms to prior reforms. This section also examines the search for growth-with-equity, success in investment and growth performance, macroeconomic sustainability, and the reduction of poverty. Ffrench-Davis addresses several "paradoxes," or results that defy the expectations of policymakers, in order to analyze the significance of comprehensive macroeconomic equilibrium and its implications for sustainable stability, growth, and equity.
Economic Reforms in Chile will be of interest to economists, political scientists, and policymakers involved with the economies of emerging and developing countries.
Ricardo Ffrench-Davis is Principal Regional Advisor, ECLAC, Santiago, and Professor of Economics, University of Chile.
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Economic Development in Chile since the 1950s
From Reforms to the Crisis ofl 982
The Chilean Experience in 197382
The Experience with the Crawling Peg
External Debt and Financial Liberalization in the 1970s
Debt Crisis and Recovery 198289
DebtEquity Swaps in Chile
Otras ediciones - Ver todo
achieved adjustment aggregate demand annual average balance of payments Bank of Chile capital formation capital inflows capital surge Central Bank changes chap chapter Chile Chilean economy CODELCO Coluum copper price cost countries crawling peg creditors debt,equity swaps debtors decade depreciation devaluation domestic dynamic ECLAC economic activity economic rent effects employment equity exchange rate appreciation exchange rate policy expenditure factors Ffrench,Davis 2000 fiscal flows foreign exchange foreign exchange market funds imbalance impact import liberalization improvement income distribution increase inflation interest rates investment ratio investors labor Latin America loans long,term macroeconomic ment monetary negative neoliberal nominal official output percent of GDP period peso Pinochet productive capacity productive investment quintile real exchange rate recession reduced reform reserve requirement restrictions result share sharp short,term significant stability sustainable tariff terms of trade tion trend U.S. dollar wages
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