On the determinants of chilean economic growth
If looked at since the mid-1980s, Chile’s economic performance has been fairly impressive compared not only with the rest of Latin America, but also with most of the countries in the world. From a long-run perspective, however, Chile did not display such an outstanding performance in the 1960s and 1970s. In fact, the growth of Chile’s percapita gross domestic product (GDP) was way below the average of East Asia, member countries of the Organization for Economic Cooperation and Development (OECD), and the world economy during those two decades. When compared with the other Latin American countries, the Chilean economy was about average in the 1960s and below average in the 1970s, and it outperformed the rest of Latin American economies in the 1980s and 1990s. This difference is even larger if we consider the period 1984–1998.