Economic Reforms in Chile: From Dictatorship to Democracy

Couverture
University of Michigan Press, 2002 - 263 pages
Articulate and provocative, Richardo Ffrench-Davis offers the most comprehensive and timely assessment available of Chilean economic reform, from the military dictatorship of Pinochet in the 1970s up to the "reforms of reforms" made by the democratic governments in the 1990s.
Written in accessible and readable prose, Economic Reforms in Chile begins with an overview of the Chilean economy during the last fifty years. This historical time frame is divided into three periods of economic reform. The first period covers the Pinochet regime, during which the more orthodox neoliberalism was implemented. The second period includes the Pinochet dictatorship, during which economic policy shifted toward pragmatism, particularly in the areas of trade and finance; it also includes the crisis of 1982 and its effects. The third period begins in 1990 with the return to democratic elections and the significant reforms to prior reforms. This section also examines the search for growth-with-equity, success in investment and growth performance, macroeconomic sustainability, and the reduction of poverty. Ffrench-Davis addresses several "paradoxes," or results that defy the expectations of policymakers, in order to analyze the significance of comprehensive macroeconomic equilibrium and its implications for sustainable stability, growth, and equity.
Economic Reforms in Chile will be of interest to economists, political scientists, and policymakers involved with the economies of emerging and developing countries.
Ricardo Ffrench-Davis is Principal Regional Advisor, ECLAC, Santiago, and Professor of Economics, University of Chile.
 

Table des matières

Economic Development in Chile since the 1950s
1
From Reforms to the Crisis of 1982
29
The Chilean Experience in 197382
53
The Experience with the Crawling Peg
81
External Debt and Financial Liberalization in the 1970s
103
Debt Crisis and Recovery 198289
131
DebtEquity Swaps in Chile
147
Export Dynamism and Growth since the 1980s
164
Changes in Income Distribution and Poverty from the 1970s to the 1990s
183
Managing Capital Inflows in the 1990s
212
Conclusions and Challenges
240
References
247
Index 259
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À propos de l'auteur (2002)

Ricardo Ffrench-Davis is Principal Regional Advisor, ECLAC, Santiago, and Professor of Economics, University of Chile.

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