CHILE, A COUNTRY OF OPPORTUNITIES

Chile is one of the most dynamic and promising markets in Latin America. Its strength and attractions are not found in its size, but in the energy and professionalism of its businessmen, the transparency of its regulations and the predictability of its market decisions.

At present, Chile occupies the 15th place in world in terms of international competitiveness, according to the World Economic Forum. It also has the best risk free qualification country in Latin America: A- according to Standard & Poor’s and Fitch Ibaca and Baa1 according to Moody’s.

In spite of the fact that the Copper represents the major exports income for the country and that foreign investments are basically concentrated in the mining sector, the fishing sector and forest and fresh fruit products also form an important part of the commercial balance.

A growing and diversified economy with strong commercial relations with Europe, Asia and America has given Chile an excellent rank of options for future growth and sustained prosperity.

The majority of the annalists coincide that the prudent economical policy has insured a long term stability that cannot be found in other Latin American countries.

The privatization program, initiated in 1974, has been a catalyst for investments in Chile for the last two decades. This process was complimented by the governmental goals to reduce state intervention in the economy, such is the case of the adoption an austere fiscal spending policy.

In spite of the Asian crisis and its repercussions in other countries, especially in emerging economies, Chile continues to grow even though at a minor rate in comparison with the growth rates registered during the first 7 years of the 90s decade, which reached an average of 7.3%.

In 1999, the Gross Internal Product decreased 1.1%, hoped to recuperate this year with an increase of 6% of the Chilean economy with which Chile will duplicate it income per capita in terms of purchasing power.

The International Monetary Fund (IMF) and important international annalists estimate that Chile not only will be between the first countries that will completely recuperate from the effects of the international financial crisis but also sustain that the social, economical and macroeconomic stability- which brought it to experiment an accelerated growth- have not been altered.

Fiscal Policies:

Exchange Policies:

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Debt Policy:

Environmental policy:

Stock and Financial Markets:

Labor Market

International Perception:

Publicado el 2000-10-14

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