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2003 OECD Economic Surveys: Chile 2003

image of OECD Economic Surveys: Chile 2003

This 2003 edition of OECD's periodic review of Chile's economy includes special features on financial markets, labour markets and social policies and product market policies.

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Assessment and Recommendations

In a turbulent region, Chile has emerged as a particularly resilient economy. The Chilean policy framework is characterised by responsible fiscal and monetary policies, a relatively well-developed financial system and modern institutions. Together with a liberal environment for the private sector, this framework has held up well in the face of several strong external shocks over recent years. As a result, Chile has achieved the highest per capita growth in Latin America since the mid-1980s. Confidence of international financial markets in Chile is reflected by the lowest spreads in the region...

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