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March 04, 2010

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The second chart was Krugman's last point. The first chart shows the Pinochet's period 1973-1989 and this is the period Krugman is talking about. Most of the growth in Chile has happened after the country recovered it's democracy and the government's economic policies started to move to the center left. One telling statistic is that in 1989 about 40% of the population lived under the poverty line, currently this figure is about 13%.

Of course there also was a precipitous decrease in Chilean GDP from 1970-1973 during a period of democracy...

Some people argue that even without Pinochet, Chile would have still become the most economically free Latin American country today, despite its brief non-majority democratic election of a hard-core Socialist. But we'll never know.

I think we will have to see how Chavez ends up to see whether democracy in Latin America can truly suffer a hard-core socialist. Will he still be in power 10 years from now, or will he be democratically defeated?

The battle of ideas is not won or lost in Congress, or even in elections, but in the long assessment of history. Just ask Qeng Ho.

Most of the advance in Chile has happened afterwards the country recovered it's capitalism and the government's bread-and-butter behavior started to move to the centermost left.

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well if we look back in the economy history of Chile, we will notice a common pattern, their economy is not that constant, they have had lows and ups throughout history, so what is happening now it's normal!

Amazing one, i appreciate this work....

anyone who travels in Latin America can attest that little Chile's role as a model is not what you might expect.

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record, anyone who travels in Latin America can attest that little Chile's role as a model is not what you might expect. Neighboring nations still like to think of Chile as their poor sibling, and pretend that its economic success does not exist. It's time to take off the rose-colored

of the last 30-40 years, so he is denigrating them. Why would he do that? He claims the economic liberalization in Chile is nearly mythical, and uses the following chart as his key piece of evidence. It's scandalously

I went to Chile last year and must admit found it quite oppressive. The economic growth may be real, but I'm not sure it's being distributed on a fair basis to the majority of the population. As we know the most 'happy' societies are those where there is minimal distance between the rich and the poor. I'm all for distribution of wealth.

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What is his purpose in denigrating Chile and its economic progress? What would he gain by it?

We know that some governments release fake statistics about their economy to boost their international standing.

Intresting article, I would like to ask you for another post about that

I guess the point is to give and save as much as you can and make your money work for you like the good servant we should strive to be.

Allen at Division is right. British politics and courts are very different. I would have a difficult time in a British courtroom with a judge that looked like this. I would definitely be thrown in the gaol. Notice how I threw the British term for jail in there?


I really agree with the facts that you have shared on this post. An interesting topic like this really enhances reader's mind to have more effective decisions over a certain issue.

I don`t know very much about Chile, but the economic growth may be real, I'm not sure it's being distributed on a fair basis to the majority of the population.

he economic growth may be real, but I'm not sure it's being distributed on a fair basis to the majority of the population. As we know the most 'happy' societies are those where there is minimal distance between the rich and the poor

Anyone who travels in Latin America can attest that little Chile's role as a model is not what you might expect.

Neighboring nations still like to think of Chile as their poor sibling, and pretend that its economic success does not exist.

A mean can be destroyed but not defeated.

For the last 30-40 years, so he is denigrating them. Why would he do that? He claims the economic liberalization in Chile is nearly mythical, and uses the following chart as his key piece of evidence. It's scandalously.

Some people argue that even without Pinochet, Chile would have still become the most economically free Latin American country today, despite its brief non-majority democratic election of a hard-core Socialist. But we'll never know.

mm, the battle of ideas is not won or lost in Congress, or even in elections, but in the long assessment of history. Just ask Qeng Ho.

we have to do something for chile guys

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anyone who travels in Latin America can attest that little Chile's role as a model is not what you might expect.

The battle of ideas is not won or lost in Congress, or even in elections, but in the long assessment of history. Just ask Qeng Ho... :)

the most economically free Latin American country today, despite its brief non-majority democratic election of a hard-core Socialist.

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Ha hecho un trabajo muy bueno. Hay muchas personas en busca de eso ahora van a encontrar suficientes fuentes por tus consejos.
espera para obtener más consejos acerca de que

Paul Krugman just can't stand the praise being given to Chile's liberal economic reforms of the last 30-40 years, so he is denigrating them :) interesting

The battle of ideas is not won or lost in Congress, or even in elections, but in the long assessment of history.wELL SAID :)

So who do you trust: the global standard for cross-country economic comparisons or the Nobel prize-winning NYTimes blogger? good question .. .

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