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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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Moving forward in Chile: A sharedvision for the future

OECD Development Centre

Most countries around the world are defining and implementing new strategies to reap the benefits and minimise the risks of the ongoing technological and geopolitical changes. Chile, in line with global trends, has updated its strategy to sustain productivity and enable a shift towards a more knowledge-based growth. Chilean firms, entrepreneurs and society are revealing a new openness to thinking long term and to identify a shared vision for the future. The current policy approach builds on previous experiences and, in a spirit of continuity, presents novel elements that contribute to make Chile advancing in its path towards prosperity. This chapter starts with a brief overview of global trends in strategies foreconomic transformation, with a focus on China, Germany, Sweden and Emilia Romagna (Italy). It assesses the current Chilean strategy focusing on its governance and its anticipation and adaptation capacity, propensity to foster learning and its interconnectedness and embeddedness potential. It concludes by identifying three game changers for Chile and its future development agenda.

English

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