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Production Transformation Policy Review of Chile

Reaping the Benefits of New Frontiers

image of Production Transformation Policy Review of Chile

Chile is a relatively stable, well-connected, open economy. Over the last decade the country has managed to increase its participation in global value chains and to export new products. However, its knowledge base is limited, productivity is stagnating and economic opportunities are still concentrated in a few places and limited to a few activities and firms. Today’s global production revolution offers a window of opportunity for Chile to “update” its growth model to become more inclusive and sustainable.

 

The Production Transformation Policy Review of Chile (PTPR) uses a forward-looking framework to assess the country readiness to embrace change, with perspectives on solar energy, mining and agro-food, and identifies priorities for future reforms. This review is the result of government-business dialogue and rigorous analysis. It benefitted from peer learning from Sweden, Germany and the Emilia Romagna Region in Italy through the OECD Initiative for Policy Dialogue on Global Value Chains, Production Transformation and Development.

English

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Assessment and recommendations

OECD Development Centre

The Production Transformation Policy Review (PTPR) of Chile reviews the national agenda for growth and economic transformation and identifies game changers for future reforms. This overview summarises the PTPR’s main results and recommendations. The PTPR highlights the progress made by the country in maintaining relatively stable and high growth during the last decades, its effective macroeconomic management and its openness to the global economy. It identifies the country’s persistent structural weaknesses, including low productivity, limited knowledge base and persistent concentration of economic opportunities.

English

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