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Chile - Systematic Country Diagnostic : Transitioning to a Prosperous Society (Spanish)

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 Organization for Economic Co-operation and Development (OECD), Chile is advanced in the demographic transition, which pose important challenges to economic growth and labor productivity. This Systematic Country Diagnostic (SCD) takes stock of Chile’s progress and reflects on the constraints and opportunities that the country is encountering as it continues along a path to eradicate extreme poverty and boost shared prosperity. The report provides elements to answer three main questions: (1) what are the critical factors driving output and productivity growth? (2) what are the critical factors that determine inclusion? and (3) how sustainable are the current trends in growth and inclusion? The SCD also identifies a select list of priority areas in which the country faces the greatest challenges in advancing toward the World Bank’s twin goals of poverty reduction and sharing prosperity.


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    Systematic Country Diagnostic

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    Latin America & Caribbean,

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    Chile - Systematic Country Diagnostic : Transitioning to a Prosperous Society

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    female labor force participation rates;adverse effects of climate change;quality of public service;impact of climate change;effect of climate change;high-quality public service;quality of health care;Environment and Natural Resources;quality health care;health care expenditure;vulnerability to climate change;Technical and Vocational Education;gains in life expectancy;active labor market policy;Active Labor Market Policies;productivity growth;climate change adaptation;global competitiveness index;low poverty rate;impact on productivity;share of work;increase in labor;decline in fertility;foreign direct investment;purchasing power parity;total factor productivity;net financial position;sovereign wealth fund;Labor Market Flexibility;labor market segmentation;Water Resource Management;risk and vulnerability;world development indicator;exchange rate;life expectancy rate;process of review;impact of immigration;fiscal responsibility law;sovereign credit rating;savings and investment;Science and Technology;health insurance coverage;Access to Electricity;increase in consumption;Exchange Rates;cost of electricity;per capita income;Rule of Law;gross public debt;absence of violence;extreme poverty line;generation of children;control of corruption;effect on employment;indicators of governance;flexible exchange rate;gap in access;indoor air pollution;source of energy;eradication of poverty;child care center;gender wage gap;adequate safety net;barrier to entry;loss of earnings;public health care;primary health care;process of convergence;disparities in access;high quality standard;social protection policy;quality of education;labor market need;central government revenue;inequality will;long-term economic growth;constraints on access;labor market structure;managing water resource;cash transfer program;labor market rigidity;national health fund;export of goods;raising tax revenue;education and health;Water and Energy;trade and competitiveness;labor market regulation;total fertility rate;individual savings accounts;freedom of choice;Labor market rigidities;social assistance system;health care system;affordable health insurance;multidimensional poverty index;private property right;health care regulation;high quality education;middle class;labor productivity;Demographic Transition;pension system;copper price;working-age population;natural capital;Public Services;commodity dependence;social sustainability;indigenous population;long-term growth;aging population;demographic dividend;labor supply;Macroeconomic Policy;government spending;welfare distribution;copper producer;Public Spending;program leader;capital deepening;protected area;environmental sustainability;Environmental Resources;retirement security;fiscal rule;commodity export;binding constraint;benchmarking exercise;public domain;equitable access;Financial Sector;water right;marginal return;removing barriers;economic diversification;external environment;Energy Sector;poor household;human capital;income loss;input provider;social policy;social policies;government authority;replacement rate;mitigation measure;family background;public policy;social contract;monetary policy;fiscal revenue;individual choice;income growth;Employment Change;development path;moderate poverty;sectoral composition;demographic transformation;education outcome;unskilled workforce;chronic poor;survey methods;competition policy;Migration Policies;indirect impact;electricity production;political discussion;income convergence;census questionnaire;government effectiveness;minimum wage;institutional framework;stable growth;formal sector;fiscal policy;population distribution;concentration index;intergenerational elasticity;Competition Law;volcanic eruption;natural hazard;biodiversity loss;draft legislation;modern history;environmental performance;electricity price;knowledge gap;retirement fund;support for entrepreneur;regulatory improvement;population share;university sector;raise awareness;environmental agenda



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Chile - Systematic Country Diagnostic : Transitioning to a Prosperous Society (Spanish). Washington, D.C. : World Bank Group.