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davepamn

M¢25 Funded By Mahalo ? | May 27, 2009 02:38 PM

How healthy is the Chile economy? What is Chile doing right?

WSJ:

1. Chile is the largest Cooper producer (Cooper prices down from peak 71%)
2. Savings have swelled to $20 billion
3. Chile has not spent money on bank bailouts
4. The stimulus plan is large compared to the economy
5. Velasco is not producing money and inflation.

What other actions is Chile doing right?

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Best Answer Decided by Votes

re_io_ms

September 08, 2009 04:41 PM

Based on an economic analysis published in August 2009, there will be smaller recession than predicted followed by a rapid recovery. According to the CIA there is a backup plan when copper declines in growth. The Chilean government conducts a rule-based countercyclical fiscal policy, accumulating surpluses in sovereign wealth funds during periods of high copper prices and economic growth, and allowing deficit spending only during periods of low copper prices and growth. As of September 2008, those sovereign wealth funds - kept mostly outside the country and separate from Central Bank reserves - amounted to more than $20 billion.

https://www.cia.gov/library/publications/the-world-factbook/geos/ci.html
http://www.latinamericamonitor.com/file/7344/chile-homepage.html
Source(s):
https://www.cia.gov/library/publications/the-world-factbook/geos/ci.html
http://www.latinamericamonitor.com/file/7344/chile-homepage.html

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