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     Southern Chile Properties

Economics

Heritage Foundation

Chile’s Economic Freedom Slumped Under Socialism—President Piñera’s Plan Will Revitalize It
by James Roberts

Chile’s economic freedom has suffered since 2013—the high-water mark for economic freedom in Chile during President Sebastián Piñera’s first term in office. The intervening five years saw a return to power of socialist President Michelle Bachelet. During that second term, Bachelet—whose ruling coalition included the Communist Party—abandoned the more moderate policies of her first term when she had largely supported Chile’s successful market-based institutions.
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Windpower Engineering

GE Renewable Energy awarded first wind deal in Chile
by Amy Stankiewicz

GE will be supplying six 3.6 MW turbines with 137-meter rotors and a 110-meter tower. The machines will be installed at the El Maitén and El Nogal wind sites in the south of the country, representing a total of 21.8 MW. Chile has 1.7 GW of wind power capacity installed and 4.9 GW of renewable energy capacity overall. The government-led “Energia 2050” plan states that about 60% of the country’s demands should be met with renewable energy sources by 2035 and 70% by 2050.
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Fraser Institute

Economic Freedom of the World 2012 Annual Report
by James Gwartney, Robert Lawson & Joshua Hall

The index published in Economic Freedom of the World measures the degree to which the policies and institutions of countries are supportive of economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, free- dom to compete, and security of privately owned property.

In this year’s index, Hong Kong retains the highest rating for economic freedom, 8.90 out of 10. The other top 10 nations are: Singapore, 8.69; New Zealand, 8.36; Switzerland, 8.24; Australia, 7.97; Canada, 7.97; Bahrain, 7.94; Mauritius, 7.90; Finland, 7.88; and Chile, 7.84.
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Daily Signal

Chile’s Strong Economy: A Case of Positive Policy and Freedom
by T. Elliot Gaiser

Chile continues to lead Latin America in 2013 in both economic growth and economic freedom. These positive outcomes reflect well on the solid policy choices being implemented by the Chilean government of President Sebastián Piñera.

Making it onto the 2013 Index of Economic Freedom’s list of top 10 freest countries in the world for the second year in a row, Chile was also ranked No. 1 on Forbes India’s list of 7 Hottest Emerging Markets.

And at the beginning of the year, Bloomberg confirmed that Chile’s economy grew by 5.5 percent in last year—faster than predicted, and significant growth during a period when much of the world has seen only paltry economic expansion.
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Euromoney

Country risk: Hot Chile leaves the region trailing
by Andrew Mortimer

Brazil, Colombia and Chile receive their highest ever scores in Euromoney’s Country Risk survey, benefiting from improved macroeconomic policies and the region’s robust economic growth. But Mexico, Argentina and Venezuela are riskier than a decade ago.
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Heritage Foundation

Economic Freedom Is Surging in Chile
by James M. Roberts

With a score of 78.3 in the 2012 Index of Economic Freedom published by The Heritage Foundation and The Wall Street Journal, Chile is now the seventh economically freest nation in the world (out of 179 countries ranked) and is number one in all of Latin America.

Its overall score improvement—nearly one point—reflects better protection of property rights, more vigilance against government corruption, and greater monetary freedom—although there is room for additional improvement in business and labor freedom.
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Ministry of Finance

Why Chile
by Ministry of Finance

In a world of constant change, Chile is a beacon of economic and institutional stability. In international comparisons of competitiveness and economic freedom, Chile is at the forefront of Latin America, and despite its emerging status, ranks alongside the most developed economies in the world. It has one of the world’s most business-friendly environments and has attracted a number of well-known multinational and foreign investors with its open and competitive economy. The reason for this superior performance is due to the success of its reforms and the strength of its institutions, which have allowed Chile to build a robust macroeconomic framework. This situation had been reflected in its rating credit:


• In June 2010, Moody's upgraded Chile's credit rating to Aa3 from A1 with positive outlook because “The upgrade reflected the country's demonstrated economic and financial resilience even in the face of major adverse shocks, including February's historic earthquake”.
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Townhall Finance

Thanks to Pro-Free Market Reforms, Chile Is the Latin Tiger
by Daniel J. Mitchell

Thirty years ago, Chile was a basket case. A socialist government in the 1970s had crippled the economy and destabilized society, leading to civil unrest and a military coup. Given the dismal situation, it’s no surprise that Chile’s economy was moribund and other Latin American countries, such as Mexico, Venezuela, and Argentina, had about twice as much per-capita economic output.

Realizing that change was necessary, the nation began to adopt pro-market reforms.
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CATO Institute

The Remarkable Story of Chile’s Economic Renaissance
by Daniel J. Mitchell and Julia Morriss

Thirty years ago, Chile was a basket case. A socialist government in the 1970s had crippled the economy and destabilized society, leading to civil unrest and a military coup. Given the dismal situation, it’s no surprise that Chile’s economy was moribund and other Latin American countries, such as Mexico, Venezuela, and Argentina, had about twice as much per-capita economic output.

Today, by contrast, Chile has passed Argentina to become the richest nation in all of Latin America. For three decades, it has been the fastest-growing economy in the region. Poverty has fallen dramatically, and living standards have soared.

Let’s look at how Chile became the Latin Tiger.
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Seeking Alpha

Looking For An Emerging Market? Try Chile On For Size
by Robert Kientz

China and India gather a lot of attention when talking about emerging markets. However, recent data suggests that both are fighting tough inflation. India has a lot of sociopolitical conflict and lacks water supplies for future generations. China is in the midst of a real estate boom that has all the signs of collapsing. If the Western world goes into recession, China will go with it. There are other emerging markets that offer strong alternatives, and South America is one of them.

South America has strong economic fundamentals: better demographics with younger populations who are actively expanding their income levels. Strong companies are poised to take care of the demands of the rising South American middle class. Energy, healthcare, and agriculture are some of the sectors experiencing growth. One country in particular, Chile, is the best market in the region.
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