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
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The so-called
period of Independence was developed from the deposition of the
Spanish governor in 1810 to the exile of the Liberator Bernardo
OHiggins 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 countrys
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
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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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