Abstract
The Chilean economy is praised in international financial circles for combining an open, market-oriented economy with prudent macroeconomic management. Most of the policies of external opening, liberalization and privatization were undertaken under military rule in the mid-1970s and 1980s. The return to democracy in the early 1990s consolidated the prevailing economic model and placed more emphasis on poverty reduction and social protection. However, the persistence of inequality of income and wealth distribution has remained a stubborn feature of the Chilean model. As Chile faced a presidential and parliamentary election by the end of 2005, the inequalities of income, wealth and opportunities became the centrepiece of national debates on the future of the Chilean economy and society.
The views expressed in this chapter are those of the authors and do not necessarily represent the views of the institutions to which they belong. The authors are grateful to Giovanni Andrea Cornia and other participants in the United Nations Research Institute for Social Development workshop on Pro-Poor Macroeconomics at the University of Florence on 24–5 February 2005 for the comments provided on an earlier version of this chapter.
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Solimano, A., Pollack, M. (2006). The Search for Macroeconomic Stability and Growth under Persistent Inequality: The Case of Chile. In: Cornia, G.A. (eds) Pro-Poor Macroeconomics. Social Policy in a Development Context. Palgrave Macmillan, London. https://doi.org/10.1057/9780230627901_10
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DOI: https://doi.org/10.1057/9780230627901_10
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