The Republic of Chile Systematic Country Diagnostic : Transitioning to a Prosperous Society

Three key characteristics help shed light on Chile’s development performance. First, strong institutions and sound macroeconomic policies have contributed to long-term economic growth. Second, market-oriented policies have boosted growth through productivity-enhancing reforms and helped improve the...

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Main Authors:	World Bank, International Finance Corporation, Multilateral Investment Guarantee Agency
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	PRODUCTIVITY GROWTH ECONOMIC GROWTH CONSTRAINTS SHARED PROSPERITY POVERTY REDUCTION INCLUSION SUSTAINABILITY PRIORITY AREAS
Online Access:	http://documents.worldbank.org/curated/en/210731497458125854/Chile-Transitioning-to-a-prosperous-society http://hdl.handle.net/10986/27150

id	okr-10986-27150
recordtype	oai_dc
spelling	okr-10986-271502021-05-25T09:00:46Z The Republic of Chile Systematic Country Diagnostic : Transitioning to a Prosperous Society World Bank International Finance Corporation Multilateral Investment Guarantee Agency PRODUCTIVITY GROWTH ECONOMIC GROWTH CONSTRAINTS SHARED PROSPERITY POVERTY REDUCTION INCLUSION SUSTAINABILITY PRIORITY AREAS Three key characteristics help shed light on Chile’s development performance. First, strong institutions and sound macroeconomic policies have contributed to long-term economic growth. Second, market-oriented policies have boosted growth through productivity-enhancing reforms and helped improve the design of public services and social policy. Third, as the world’s biggest copper producer and exporter, Chile is characterized by commodity dependence. These characteristics have helped the government achieve an average annual growth rate of almost 5 percent over the last 30 years, while reducing the poverty rate to less than 8 percent. Chile’s middle class is one of the largest in Latin America; yet, inequality remains substantial. Economic development has led to a steep increase in life expectancy and a decline in fertility rates. Indeed, though relatively less than other countries in the Organisation for Economic Co-operation and Development (OECD), Chile is advanced in the demographic transition, which pose important challenges to economic growth and labor productivity. 2017-06-14T20:44:45Z 2017-06-14T20:44:45Z 2017-06-06 Report http://documents.worldbank.org/curated/en/210731497458125854/Chile-Transitioning-to-a-prosperous-society http://hdl.handle.net/10986/27150 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Systematic Country Diagnostic Latin America & Caribbean Chile
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	PRODUCTIVITY GROWTH ECONOMIC GROWTH CONSTRAINTS SHARED PROSPERITY POVERTY REDUCTION INCLUSION SUSTAINABILITY PRIORITY AREAS
spellingShingle	PRODUCTIVITY GROWTH ECONOMIC GROWTH CONSTRAINTS SHARED PROSPERITY POVERTY REDUCTION INCLUSION SUSTAINABILITY PRIORITY AREAS World Bank International Finance Corporation Multilateral Investment Guarantee Agency The Republic of Chile Systematic Country Diagnostic : Transitioning to a Prosperous Society
geographic_facet	Latin America & Caribbean Chile
description	Three key characteristics help shed light on Chile’s development performance. First, strong institutions and sound macroeconomic policies have contributed to long-term economic growth. Second, market-oriented policies have boosted growth through productivity-enhancing reforms and helped improve the design of public services and social policy. Third, as the world’s biggest copper producer and exporter, Chile is characterized by commodity dependence. These characteristics have helped the government achieve an average annual growth rate of almost 5 percent over the last 30 years, while reducing the poverty rate to less than 8 percent. Chile’s middle class is one of the largest in Latin America; yet, inequality remains substantial. Economic development has led to a steep increase in life expectancy and a decline in fertility rates. Indeed, though relatively less than other countries in the Organisation for Economic Co-operation and Development (OECD), Chile is advanced in the demographic transition, which pose important challenges to economic growth and labor productivity.
format	Report
author	World Bank International Finance Corporation Multilateral Investment Guarantee Agency
author_facet	World Bank International Finance Corporation Multilateral Investment Guarantee Agency
author_sort	World Bank
title	The Republic of Chile Systematic Country Diagnostic : Transitioning to a Prosperous Society
title_short	The Republic of Chile Systematic Country Diagnostic : Transitioning to a Prosperous Society
title_full	The Republic of Chile Systematic Country Diagnostic : Transitioning to a Prosperous Society
title_fullStr	The Republic of Chile Systematic Country Diagnostic : Transitioning to a Prosperous Society
title_full_unstemmed	The Republic of Chile Systematic Country Diagnostic : Transitioning to a Prosperous Society
title_sort	republic of chile systematic country diagnostic : transitioning to a prosperous society
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/210731497458125854/Chile-Transitioning-to-a-prosperous-society http://hdl.handle.net/10986/27150
_version_	1764463960533237760

The Republic of Chile Systematic Country Diagnostic : Transitioning to a Prosperous Society

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