Thursday, October 11, 2007

Chile is changing!

Chile is not a mere celebration of harmony, panorama & serenity, but also a transfusion of political Chile is changing!stability, social development & financial success in the whole of Latin America (LA). This ribbon shaped country has been attracting large investments and attention, particularly after it adopted the free trade regime. This economy is considered one of the world’s largest free markets and has FTAs (Free Trade Agreements) with most of developed economies like the US, the EU, New Zealand, Singapore et al.

Chile has charted a sound economic policy with great focus on infrastructure and privatisation. It has predominantly exploited its rich natural resource base and has been minting money from its copper reserves. It is the most stable and flourishing LA economy and is largely free of any coups and arbitration. The GDP per capita stands at $12,700 and has employment rate of more than 92%. Chile has been successfully managing a low inflation and high GDP growth, predominantly on account of its high export earnings. Export income for the year 2006 had been at a mind boggling $59 billion. Realising the constraint with natural resources, Chile had recently started focusing on non-mineral exports like fishery, forestry, wood products, food and wine.

For Complete IIPM Article, Click on IIPM Article

Source:
IIPM Editorial, 2006
An
IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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