Will Inequality Hamper Chile's Economic Prospects?

Latin America Advisor -- Inter-American Dialogue

February 5, 2013

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Q: Chile's economy is expected to grow approximately 4.8 percent this year, faster than every other country in Latin America except for Peru, according to the United Nations. However, the country also has the highest rate of inequality of any of the 34 countries of the Organization for Economic Cooperation and Development, and President Sebastián Piñera is falling short of his campaign promise to eradicate poverty by the end of his term in 2014. What are the reasons for Chile's economic successes and failures? Is growth set to continue in the long-term? Will inequality hamper its future economic prospects? What …

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