• Chile  2020

Chile was a relatively wealthy supply region to the industrial countries early in the 20th century. From the 1930's onwards it started to industrialise based on the import substitution model. Due to the limited size of the internal market the limits of this model were reach quite early causing the economy to stagnate. In 1970 the Unidad Popular under Salvador Allende was elected on a socialist platform quite different from any Government that had gone before. This Government instituted a series of nationalisations and spending programs to boost the economy. In the absence of new revenue streams to pay for this spending the State started to print money leading to hyperinflation.

In 1973 the Military, backed essentially by a middle class and former monied class fearing for the future, intervened in the infamous Pinochet coup. The Military Government reversed the Allende policies and attempted free market reforms based on the ideas of the Chicago School of economists. These had mixed results and it was only in 1985 with the appointment of Hernan Buchi Duc as Finance Minister that the right mix of policies was found and the reforms began to bear fruit. Since then the Chilean economy has grown consistently, in what has become known as the Chilean miracle, and it is now a model country for Latin America. In 1990 the transition from the Military Government back to constitutionalism was completed and Chile has had stable constitutional governments ever since.

In recent years growth has slowed as demand for Chile’s exports has peaked. In order to continue to grow Chile must find a competitive niche in new knowledge based industries and continue to integrate with it’s Latin American neighbours, though this is hampered by erratic policies in Brazil and Argentina.  

Towards the end of 2019 Chile experienced its first wave of political protests followed by violent repression in decades but we don’t consider these events invalidating the conclusions of this Study.




The Modern Period

The Current Era

The Modern State

Economics from the Ground Up

Political Systems

Trade Theory

The EU as a Model of Integration




            World GDP                                           2018

            World GDP PPP                                   2018

            GDP per capita ppp                           2018

            Exports   &  Imports                          2018

            Container Traffic                  2010 & 2018

            Oil Production                                    2018

            Migrant Remittances                       2018

            Tourism Statistics                             2017

            Tourism Americas                             2017              

Latin America         


The US and Latin America


The EU and Latin America


World Exports                                        2000-2018




            Political System

            Allende & Pinochet

            Government of Pinochet

            Economic Model

            After Pinochet

            Functioning of Government

            Chile & Mercosur

            Chile & Argentina

            Chile Going Forward

            Charts & Chart Commentary


73 pages

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Chile 2020

  • Product Code: ISSN 2014-5063 (2020) No 4
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