2 edition of Copper policies and the Chilean economy, 1973-88 found in the catalog.
Copper policies and the Chilean economy, 1973-88
Jorge Bande B.
by Corporación de Investigaciones Económicas para Latinoamérica in [Santiago, Chile]
Written in English
|Statement||Jorge Bande, Ricardo Ffrench-Davis.|
|Series||Notas técnicas,, no. 132|
|LC Classifications||HD9539.C7 C5178 1989|
|The Physical Object|
|Pagination||143 p. ;|
|Number of Pages||143|
|LC Control Number||98235598|
Chile has a market-oriented economy characterized by a high level of foreign trade and a reputation for strong financial institutions and sound policy that have given it the strongest sovereign bond rating in South America. Exports of goods and services account for approximately one-third of GDP, with commodities making up some 60% of total. Chile, although it encompasses a similar history to its neighbors, including economic instability, socialism, and military dictatorships—persists as a Latin American success story. Chile’s road to economic and political stability lies in its complex history of revolutionary socialist policies to radical adaptation of free market capitalism.
Chile, though, still depends on copper for more than half of its exports, and output is stuck at the million-metric-tons-a-year level first reached a decade ago. Chile is the 42nd largest export economy in the world and the 61st most complex economy according to the Economic Complexity Index (ECI). In , Chile exported $B and imported $B, resulting in a positive trade balance of $B. In the GDP of Chile .
A realistic foreign‐exchange policy increased exports so as to generate in a balance‐of‐payments surplus exceeding $ million. Inflation was cut to . It is often claimed that copper prices are a reliable barometer of the global economy’s health. Those who monitor the metal closely are sharply divided over its condition.
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Copper policies and the Chilean economy. Santiago, Chile: CIEPLAN, (OCoLC) Document Type: Book: All Authors / Contributors: Jorge Bande B; Ricardo Ffrench-Davis; Corporación de Investigaciones Económicas para Latinoamérica. The more recent, positive view of the Chilean experience results from developments after Since then, the Chilean economy has grown robustly.
What remains controversial is the question why the benefits of the reforms took so long to emerge. In this book, international scholars review the reforms in Chile and assess their : Rudiger Dornbusch. This paper studies the links between world copper prices and the Chilean economy.
The main conclusion is that world copper prices play an important role in short-term economic fluctuations. While many mechanisms may be at work, investment seems to play a major by: The Chilean Economy before and the Unidad Popular Perspective Selected Aspects of the Chilean Economy before During the period, Chilean economic performance was character- ized by chronic and high inflation, moderate growth, and frequent balance of payments Size: KB.
Downloadable. This paper analyzes the impact of copper-price shocks on the Chilean business cycle from a general equilibrium perspective. Using a DSGE model, we compare the effects of transitory copper-price shocks under different fiscal rules.
The results show that if the fiscal policy is conducted using a structural balance fiscal rule, such that the government saves most of the extra. Ricardo Lira, "The Impact of Copper in the Chilean Economy," NBER Chapters, in: Commodity Markets and Latin American Development: A Modeling Approach, pagesNational Bureau of Economic Research, Inc.
Handle: RePEc:nbr:nberch The advent in the s of Chile as a model for economic reform is something of a surprise. Though many of the reforms were actually introduced in the s, many seemed to have failed until recently. Copper mining has become key in the Chilean economy because of its expansion, which began in the late ’s, and its recent price boom.
This article documents this expansion and explains how. Logo Gobierno: xpx. Ministerio, Subsecretaría, Organismo, etcxpx THE WORLD COPPER MARKET AND THE IMPACT IN CHILEAN ECONOMY. Sergio Hernández. THE NATIONALIZATION OF CHILE'S LARGE COPPER COMPANIES IN CONTEMPORARY INTERSTATE RELATIONS By.
JOHN FLEMINGt. INTRODUCTION. HE nationalization of Chile's large copper mines has given rise to a legal debate whose outcome may seriously affect international economic and political relations during the coming decades.
The con. Copper Super Cycle Impact on the Chilean Economy By Patricio Aroca CEPR, Universidad Adolfo Ibáñez Copper Super Cycle Impact on the Chilean Economy By Patricio Aroca CEPR, Universidad Adolfo Ibáñez 0 g source: COCHILCO. expected copper co o production 6,16 Mton / / 01 o o s,7S Mton o 0,50/0 YOY.
II-4 Copper - Consur.?tion by Economic Regions and Main - 7 II-5 Copper - World Exports by Economic Regions and Main - 8 II-6 World Bureau of Metal Statistics - World Flow of Unwrought Copper - II - 9 III-1 Copper Production of Leading - 2 III-2 Mine Capacity of Copper Producers III - 4.
Title: Copper and the Chilean Economy, - WP/99/57 Created Date: 4/30/ PM. The nationalized Chilean mines were kept under state control after Pinochet's Chilean coup d'état, despite the junta's pro-U.S. leanings, and this is still the case, largely because of public sentiment and because Codelco is a major contributor to the Chilean Exchequer.
Codelco pays income tax, all dividends go to the government and it also pays a 10% tax on the export value of copper products. Incopper composed percent of Chile's exports and approximately 13 percent of nominal GDP (Ruiz-Dana, ).
With copper comprising such a large portion of Chile's output, Chile may be particularly susceptible to volatility in the price of copper. Depending on the commodity and the economy in question, the commodity may have either a. This incredible leap can be summed up aptly with two facts: 1) Copper production went from under 1 million tonnes per year (lates) to over 5 million tonnes per year (s).
2) Despite this massive rise, copper as a percent of exports fell. It went from a. If Chile is now presented as a pioneer of free-market economic reform, we should remember that at the beginning of the s, it was the complete opposite: a vanguard of controlled economy and big.
When the price copper goes down, the Chile economy also goesdown. The Chilean economy relies heavily on copper; almost 20% ofits exports and GDP is based on copper, so when it goes down. The economy of Chile is a high-income economy as ranked by the World Bank, and is considered one of South America's most prosperous nations, leading Latin American nations in competitiveness, income per capita, globalization, economic freedom, and low perception of corruption.
Although Chile has high economic inequality, as measured by the Gini index, it is close to the regional mean. Economic reforms, maintained consistently since the s, contributed to steady growth, reduced poverty rates by over half, and helped secure the country's commitment to democratic and representative government.
Chile has increasingly assumed regional and international leadership roles befitting its status as a stable, democratic nation. Chile’s longest mining strike since threatens to tip the economy into recession for the first time since the global financial crisis, increasing the possibility that the country will join.On the supply side Chile is the world’s largest producer of Copper ( of million tons mined last year originated in Chile ).
The success of Chile’s copper mines has spilled into other aspects of the Chilean economy, such as foreign investments, and job creation .Because of this Chile’s economy is very dependent on Copper [2.
Copper production is the backbone of the Chilean economy, providing one third of government revenue, according to the CIA World Factbook.
Chile produces a third of the world’s raw copper, all the while diversifying its mineral exports by adding large volumes of molybdenum, gold, lithium, iodine and derivatives of nitrates.