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COUNTRY ANALYSIS: “GOOD” IS NOT ENOUGH, CHILE

Introduction
Chile's economy is considered one of the most developed in Latin America, and is believed that it will be a developed country between 2018 and 2020. It also has the highest Human Development Index (HDI) in Latin America. According to IMF estimates, the country will reach a GDP per capita of just over 18,000 USD over a period of 4 years (2014). In early 2010, Chilebecame the first full member of the OECD in South America and second in Latin America after Mexico, due to the recognition in the economic advances of recent decades, social development and strong institutional restructuring, which has led to Chile to settle in the thirty members of this organization, which groups the major …show more content…
The so-called period of Independence was developed from the deposition of the Spanish governor in 1810 to the exile of the Liberator Bernardo O’Higgins in 1823. It was marked by various battles against the royalists, who managed to briefly reconquer the country and also was marked by the problems in his government. Once the country’s independence was achieved, it followed a period of organization of the Chilean state, between 1823 and 1830, which saw three events of rulers and two constitutions.
Between 1831 and 1861, the period of the conservative Republic took place. It was marked by the entry into force of the 1833 Constitution established by Diego Portales, with a strong, centralized government. Despite some attempts at subversion, institutional stability was maintained and the country experienced economic prosperity. The eighth period, known as the liberal Republic, which lasted from 1861 to 1891, was characterized by greater political stability and allowed an extension of the territory to the south and the north. After the civil war in 1891, it began the parliamentary republic, which lasted until the promulgation of the Constitution of 1925. The National Congress dominated the politics and the president became a figure of virtually no authority. The country became …show more content…
Two roads can lead to achieve growth in productivity. On the one hand, Chile needs to optimize processes with the already available resources which requires the proper functioning of markets, competition, institutions with higher degrees of legitimacy, reduce the regulatory bureaucracy that generate losses of efficiency, an infrastructure that does not progress and limit the flexibility necessary for proper allocation of resources. While on the other hand, Chile needs to innovate, implement new ideas, create products, designs, processes, business models or a productive organization. In both cases, the basis for increased productivity are the people. Therefore, it is essential that all Chileans have access to better training and an environment that allows them to deploy their creative talent with an environment conducive to innovation and entrepreneurship without barriers to entry to ensure free competition which does not condemn failure, and allows the flexibility to adapt and use new technologies offered by the dynamic

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