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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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Deepening Financial Intermediation and Integration

Well regulated and dynamic financial markets are a necessary component of a long term strategy for growth. Chile’s progress in this area is remarkable, but further policy actions are required to deepen capital markets and attract new forms of foreign investments. After a sharp increase during the 1980s, national savings have remained stable at around 20 per cent of GDP (Figure 17). This implies that a significant part of new investment has to be financed through foreign savings...

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