In this and previous threads, people keep referring to Chile's economy as "neo-liberal" which is a term I'm unfamiliar with. I've always heard similar economic policy called "classical liberal" or simply free market capitalism.
In any event, I wouldn't call it a miracle, simply because Chile's strong and relatively stable economy is exactly what one should expect for a country that embraces the free market.
Of course, it's very hard to speak in absolutes, since Chile is hardly a perfect right-wing economic model. Just like Argentina is certainly not a true left-wing model. It's all really a matter of degree.
In any event, Santiago and Chile should be very proud of how they got rid of a corrupt regime, and replaced it with a democrasy, all without falling victim to far-left demagouges like some of their unfortunate neighbors to the North.
As I understand it Neo-Liberal means sort of the post Keynesian economic policy since the end of Bretton Woods in the 70's. I'd associate it with the proactive central banking, the belief in supply side economics and tax cutting to spur growth. But I'm no economics major so I don't really know for sure!
A forum community dedicated to skyscrapers, towers, highrises, construction, and city planning enthusiasts. Come join the discussion about structures, styles, reviews, scale, transportation, skylines, architecture, and more!