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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.

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Foreword and acknowledgements

OECD Development Centre

The current global economic setting is turbulent, complex and fast-changing. Governments, businesses and societies are engaged in better understanding the ongoing technological, digital and industrial reorganisation processes and their profound potential impacts on the economy and the society. At a time in which is clear that growth is a necessary, but not exclusive, condition for development and that incentives are needed to guarantee that growth is inclusive and sustainable, planning and implementing strategies for economic transformation become paramount.

English

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