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Chile - An economy in transition (English)

Although the Chilean people are highly developed politically, culturally, and demographically, their economy is not. This report attempts to provide some understanding of the magnitude of the policy change that has occurred and of the process of adaptation through which the economy must now move. Volume I includes: a historical overview of Chilean economic policy; descriptions of the economy from 1970 to September 1973 and from then to the present; the major sectors of the economy, comprising agriculture, forestry, fisheries, mining, fuels and energy, industry, and transport; and macroeconomic projections and policy recommendations. The appendix provides statistics on price indices, employment data, national accounts, wages and salaries, and public sector accounts. Volume II provides annexes for agriculture; forestry and forest-based industries; and employment, worker compensation; and income distribution. Volume III includes the statistical data associated with the economy.


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    Latin America & Caribbean,

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    Chile - An economy in transition

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    general agreement on tariffs and trade;copper price;international reserve;efficiency of government programs;increase consumer price;black market exchange rate;balance on current account;population per hospital bed;economies of member countries;public sector investment program;positive real interest rates;negative real interest rate;balance of payment crisis;high levels of protection;foreign debt service;terms of trade;consumer price index;rate of inflation;investment tax credit;public sector deficit;overvalued exchange rate;Exchange Rates;tax system;multiple exchange rate;agricultural consultant;adult literacy rate;foreign trade regime;diversification of export;public sector saving;domestic interest rate;primary school enrollment;gnp per capita;improvement of income;expansion of education;allocation of resource;central government expenditure;lower payroll taxes;Access to Electricity;system of subsidy;domestic economic policy;public sector activity;public sector expenditure;land tenure system;urban middle class;foreign exchange crisis;consumer goods imports;average real wage;water resource development;public sector agency;commercial bank account;efficiency of investment;efficient resource allocation;per capita gnp;capital for labor;current account deficit;population per physician;agricultural price stabilization;per capita income;national health service;total labor force;nontariff trade barriers;savings and investment;direct state control;wages and salary;average exchange rate;regional employment;urban bus;concentration of asset;money supply;foreign lender;real gdp;price control;government development;Agriculture;agricultural land;export commodity;short-term credit;price distortion;world economy;macroeconomic projection;Export Diversification;crop year;monetary policy;emergency employment;Tax Exemption;real income;monetary expansion;relative price;social program;land reform;national income;financial market;wage policy;white-collar worker;small farm;industrial sector;Energy Sector;social security;extreme poverty;frictional unemployment;population characteristic;political framework;market incentive;productive asset;arable land;economic statistic;inflationary expectation;Population Density;energy commission;productive efficiency;capital-intensive production;age distribution;reserve requirement;marginal savings;domestic saving;short-term funds;productive capital;social infrastructure;private initiative;government strategy;expenditure policy;high wage;agricultural product;domestic loan;future market;commercial enterprise;borrowed fund;private corporation;antitrust action;market distortion;income disparity;market concentration;tax relief;Cash flow;private investment;open unemployment;increased competition;export expansion;stabilization measure;Direct Subsidies;direct subsidy;net repayment;oil price;oil need;austerity program;rapid change;manufactured export;agricultural value;special fund;Economic Management;high debt;primary beneficiaries;tax reduction;net lending;import quota;export industry;medical service;working condition;financial system;administered price;rapid inflation;proportional increase;manufacturing sector;sales tax;credit allocation;industrial market;import technology;capital intensity;foreign market;primary commodity;financial enterprises;state ownership;international term;monopolistic industries;fiscal policy;expenditure program;negative effect;foreign borrowing;nontariff protection;christian democracy;national account;national economy;debt rescheduling;public finance;production response;wage adjustment;copper mine;Agrarian Reform;resource availability;aggregate demand;average wage;external account;piped water;social policy;Fiscal policies;social events;social environment;empirical analysis;price stability;live birth;social policies;protein intake;constant price;market price;forestry sector;capital expenditure;national saving;unemployed worker;merchandise export;economic study;internal research;fiscal performance



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Chile - An economy in transition (English). A World Bank country study Washington, D.C. : World Bank Group.