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Conclusions: The Mirages of the Miracle

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The Political Economy of Peripheral Growth
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Abstract

This chapter presents a summary of the argument developed in this book and considers that Chile’s pattern of integration and peripheral growth is a pristine example of a general process that is happening in Latin America as a region. Thus, understanding Chile and its political economy of integration becomes an important case to understand cotemporary Latin America.

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Notes

  1. 1.

    For example, Direcon (2009) presents Chile’s integration as a lineal movement from unilateral liberalization (1973–1990), regional and multilateral integration during the 1990s and to extra-regional agreements in the 2000s; or Mario Matus (Amcham, personal interview, 2016) as a movement from building the institutional liberal order (1973–1989) to expanding agreements to the region in the 1990s to “world expansion” during the 2000s.

  2. 2.

    For example, in 2018, the journalist Daniel Matamala, published an article in the Chilean newspaper La Tercera , where he criticized the Chilean economic elite for lacking any interest in innovation and technological development , anchoring its investment on the comfortable area of natural resource and rent-extraction. The answer will not be long in coming. Just a few days later, Bernardo Larraín Matte, President of SOFOFA and member of the Matte economic conglomerate, answered saying that as the main areas of competitiveness of Chile are in natural resources , there is no reason to abandon this path but, on the contrary, it should be enhanced by making the labor market more flexible and the tax system less progressive. See La Tercera , September 16 and September 23, 2018.

References

  • Organization for Economic Cooperation and Development (OECD). (2016). Latin American economic outlook 2016. France: OECD Publishing.

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  • Organization for Economic Cooperation and Development (OECD). (2018). Latin American economic outlook 2018. France: OECD Publishing.

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  • Skocpol, T. (1979). States and social revolutions: A comparative analysis of France, Russia and China. Cambridge: Cambridge University Press.

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  • World Bank. (2016). The commodity cycle in the Latin America: Mirages and dilemmas. Washington, DC: World Bank.

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Official Document

  • Direcon. (2009). Chile: 20 años de negociaciones comerciales, Ministry of Foreign Affairs, Chile.

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Ahumada, J.M. (2019). Conclusions: The Mirages of the Miracle. In: The Political Economy of Peripheral Growth. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-10743-7_8

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  • DOI: https://doi.org/10.1007/978-3-030-10743-7_8

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-10742-0

  • Online ISBN: 978-3-030-10743-7

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