Chilean economy under Pinochet
2005
Libor Žídek
Period of Pinochet rule in Chile is still in the centre of interest of many experts. This article concentrates (mostly) on the economic side of the military rule. Pinochet took responsibility for the country in situation near to economic collapse caused by policy of the previous – Allendeęs government. The new government after the coup dęétat in 1973 had to stabilize economy. Soldiers at the same time start to implement economic reforms that improved the long run ability of the economy to grow. The economic uplift was interrupted by debt crisis at the beginning of 1980s. Pinochetęs government was able to deal with these obstacles and at the end passed the economy to the democratic government (at the end of 1980s) in good shape. The following positive development in the 1990s is thus based on the foundations built under the military rule.
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