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An Economic History of Twentieth-Century Latin America pp 217–264Cite as

Palgrave Macmillan

Trying to ‘Tax and Spend’ Oneself out of the ‘Dutch Disease’: The Chilean Economy from the War of the Pacific to the Great Depression

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Part of the book series: St Antony’s Series ((STANTS))

Abstract

It might be argued that in general one should guard against the tendency to overestimate the importance of economic factors behind any war; however, in the particular case of the War of the Pacific perhaps the danger lies in underestimating these factors. Firstly, the Peruvian government nationalized the nitrate deposits in the mid-1870s, affecting a number of important interests, both Chilean and British.1 Among the former were those of the past President of the Republic, Manuel Montt, and the future President José Manuel Balmaceda, as well as those of a number of leading national entrepreneurs.

I am grateful for comments received at the conference of Atitlán and at various seminars, especially in Santiago, Cancún, Bilbao, Cambridge, London and Sussex. Edna Armedáriz, Enzo Faletto, Daniel Hahn, Francisco Leñn, Hernán Sáez, Ignês Sodré, the editors of this book and particularly Geoff Harcourt and Luis Ortega have also made valuable contributions. The collaboration of Margaret Hancox has been invaluable. The responsibility for the final result is, of course, mine.

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Author information

Authors and Affiliations

  1. University of Cambridge, UK

    Gabriel Palma (Lecturer in Economics)

Authors
  1. Gabriel Palma
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Editor information

Editors and Affiliations

  1. Universidad de las Américas-Puebla, Mexico

    Enrique Cárdenas (Professor of Economics and Rector) (Professor of Economics and Rector)

  2. United Nations Economic Commission for Latin America and the Caribbean (CEPAL/ECLAC), USA

    José Antonio Ocampo (Executive Secretary) (Executive Secretary)

  3. St Antony’s College, Oxford, UK

    Rosemary Thorp (Reader in the Economics of Latin America) (Reader in the Economics of Latin America)

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© 2000 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Palma, G. (2000). Trying to ‘Tax and Spend’ Oneself out of the ‘Dutch Disease’: The Chilean Economy from the War of the Pacific to the Great Depression. In: Cárdenas, E., Ocampo, J.A., Thorp, R. (eds) An Economic History of Twentieth-Century Latin America. St Antony’s Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230599659_8

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  • DOI: https://doi.org/10.1057/9780230599659_8

  • Publisher Name: Palgrave Macmillan, London

  • Print ISBN: 978-1-349-42274-6

  • Online ISBN: 978-0-230-59965-9

  • eBook Packages: Palgrave History CollectionHistory (R0)

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