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Realistic economic development is often cluttered with pitfalls and treacherous conditions that seem to present complex barriers each step of the way. The Chilean strategy for reforms succeeded because the leaders enabled individuals to make their own choices regarding matters of vital importance. The initiatives toward privatization, innovation, and entrepreneurship energized the Chilean society. Citizens were empowered with new ideas and options to develop their entrepreneurial capabilities. This approach gave the people and the policy-makers the freedom to think innovatively and promote individual growth, along the way there have been some major challenges but Chile continues to push forward with a positive and optimistic belief in its future.
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