## Chile: A Role Model of Export Diversification Policies?

_IMF Working Papers, May 27, 2021_

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## Bibliographic details
- Authors: Gonzalo Salinas
- Published: May 27, 2021
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513573373.001

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### Summary
- Largely because of its vast copper reserves, Chile’s exports are highly concentrated on this low complexity product and this is often cited as a major drawback of its economic policy framework.
- However, its exogenous copper abundance conceals the country’s success in developing non-mineral and complex exports.
- This achievement is remarkable considering its remoteness from the large international economic centers, which limits its integration to global value chains.
- As suggested in this paper, this accomplishment reflects Chile’s strength in policy areas that foster non-mineral exports (including complex exports), making the country a role model in export diversification and complexity policies among emerging market countries.

### Key findings
- Exports are highly concentrated on copper, a low complexity product.
- Despite copper abundance, Chile has successfully developed non-mineral and complex exports.
- Geographic remoteness from large international economic centers constrains integration into global value chains, yet diversification and complexity advances were achieved nonetheless.
- The country’s export performance reflects strengths in policy areas that promote non-mineral and complex export development.

### Policy implications and characterization
- Chile’s experience serves as a role model in export diversification and complexity policies among emerging market countries.
- The paper attributes Chile’s non-mineral export success to effective policy frameworks that foster diversification and complexity.

*IMF Working Paper No. 2021/148 (Gonzalo Salinas, May 27, 2021). DOI: https://doi.org/10.5089/9781513573373.001*

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_Source: https://www.imf.org/en/publications/wp/issues/2021/05/27/chile-a-role-model-of-export-diversification-policies-50220_