Chile: Institutions and Policies Underpinning Stability and Growth

Author/Editor: Kalter, Eliot ; Phillips, Steven ; Espinosa-Vega, Marco ; Luzio, Rodolfo ; Villafuerte, Mauricio ; Singh, Manmohan
Publication Date: June 28, 2004
Electronic Access: Link to Abstract

Summary: This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully sequenced financial liberalization with in a strengthened regulatory framework.Chile has succeeded in sustaining these policies-despite external and domestic forces to the contrary-because of carefully designed institutional arrangements that encourage policies oriented toward long-term success.
Series: Occasional Paper No. 231
Subject(s): Chile | Economic growth | Economic policy | Economic stabilization

Publication Date: June 28, 2004
ISBN/ISSN: ISBN 1-58906-325-2 ; ISSN 0251-6365 Format: Paper
Stock No: S231EA Pages: 96
Please address any questions about this title to