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WP/004 Policy Regimes, Inequality, Poverty and Growth: The Chilean Experience, 1973-2010

Since the 1970s, Chile has exhibited a highly skewed income distribution accompanied with strong fluctuations over time. Although income distribution worsened notably in the 1970s-80s, a significant improvement was recorded in the first half of the 1990s, resulting from better economic and social policies in the return to democracy. Nonetheless, Chile still faces significant challenges to improve development. There must be an active macroeconomic policy focused on the real economy. Chile also needs profound microeconomic reforms, including (i) capital markets, developing long-term financing channels for small businesses; (ii) radical progress in quality of education and labour training; and (iii) vigorous public support for innovation.
Publisher:
UNU-WIDER
Series:
WIDER Working Paper
Volume:
2012/04
Title:
WP/004 Policy Regimes, Inequality, Poverty and Growth: The Chilean Experience, 1973-2010
Authors:
Dante Contreras, and Ricardo Ffrench-Davis
Publication date:
January 2012
ISBN 13 Web:
978-92-9230-467-6
Copyright holder:
© UNU-WIDER
Copyright year:
2012
Keywords:
income distribution, macroeconomic policy, microeconomic policies
JEL:
D31, E2, D04
Project:
The New Policy Model, Inequality and Poverty in Latin America: Evidence from the Last Decade and Prospects for the Future
Sponsor:
UNU-WIDER acknowledges the financial contributions to the research programme by the governments of Denmark (Ministry of Foreign Affairs), Finland (Ministry for Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida) and the United Kingdom (Department for International Development).
Format:
online
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