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Guillermo Perry - Chile: Recent Policy Lessons and Emerging Challenges (Wbi Development Studies)

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    Chile: Recent Policy Lessons and Emerging Challenges (Wbi Development Studies)
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The Chilean model has been expostulated for some time in the Latin American and Caribbean region and elsewhere because it appeared that the country, despite terrible political and economic turmoil, embodied important lessons about economic management. Over the last 15 years, Chile has been the Latin American country with the most consistent and successful economic record. The success of Chiles economic reforms and the subsequent dramatic increase in real income are well known. To a large extent, Chiles positive fiscal outcomes have been the result of sound policies as well as sound fiscal institutions. However, there is room for improvement in the education and health sectors, and the results for Chile in terms of equality of income are not positive. Chile: Recent Policy Lessons and Emerging Challenges presents a series of papers analyzing different aspects of Chilean public policy, which cover economic and social policies as well as regulatory and governance issues. The book is broken down into three parts: The first part examines the contribution of macroeconomic policies to superior outcomes; the second part analyzes the many advances in the social sector and the remaining troublesome issues; and the third part evaluates regulatory reforms and the effects of privatization. Since no public policy model is static, further reforms are needed to maintain Chiles economic growth as well as to respond effectively to public demands. As Chile grapples with its pockets of poverty, the balance between social safety nets and the need for greater efficiency in labor markets, a rebalancing of regulatory powers, and other thorny issues, it will need to rely on its institutional experience in public policy and conflict resolution.

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title Chile Recent Policy Lessons and Emerging Challenges WBI - photo 1

title:Chile : Recent Policy Lessons and Emerging Challenges WBI Development Studies
author:Perry, Guillermo.
publisher:World Bank
isbn10 | asin:0821345001
print isbn13:9780821345009
ebook isbn13:9780585180588
language:English
subjectChile--Economic policy, Chile--Economic conditions--1988-
publication date:1999
lcc:HC192.C513 1999eb
ddc:338.983
subject:Chile--Economic policy, Chile--Economic conditions--1988-
Other WBI Development Studies
(In order of publication)
Curbing Corruption: Toward a Model for Building National Integrity
Edited by Rick Stapenhurst and Sahr J. Kpundeh
Resetting Price Controls for Privatized Utilities:
A Manual for Regulators
Richard Green and Martin Rodriguez Pardina
Preventing Bank Crises: Lessons from Recent Global Bank Failures
Edited by Gerard Caprio, Jr., William C. Hunter,
George G. Kaufman, and Danny M. Leipziger
Enterprise Restructuring and Unemployment in Models of Transition
Edited by Simon Commander
Poverty in Russia: Public Policy and Private Responses
Edited by Jeni Klugman
Enterprise Restructuring and Economic Policy in Russia
Edited by Simon Commander, Qimiao Fan, and Mark E. Schaffer
Infrastructure Delivery: Private Initiative and the Public Good
Edited by Ashoka Mody
Trade, Technology, and International Competitiveness
Irfan ul Haque
Corporate Governance in Transitional Economies:
Insider Control and the Role of Banks
Edited by Masahiko Aoki and Hyung-Ki Kim
Unemployment, Restructuring, and the Labor Market
in Eastern Europe and Russia
Edited by Simon Commander and Fabrizio Coricelli

Continued on inside back cover
Page i
Chile Recent Policy Lessons and Emerging Challenges
WBI Development Studies
Edited by
Guillermo Perry
Danny M. Leipziger
The World Bank
Washington, D. C.
Page ii
Copyright 1999
The International Bank for Reconstruction
and Development / THE WORLD BANK
1818 H Street, N.W.
Washington, D.C.20433, U.S.A.
All rights reserved
Manufactured in the United States of America
First printing May 1999
The World Bank Institute ( formerly the Economic Development Institute) was established by the World Bank in 1955 to train officials concerned with development planning, policymaking, investment analysis, and project implementation in member developing countries. At present the substance of WBI's work emphasizes macroeconomic and sectoral economic policy analysis. Through a variety of courses, seminars, and workshops, most of which are given overseas in cooperation with local institutions, WBI seeks to sharpen analytical skills used in policy analysis and to broaden understanding of the experience of individual countries with economic development. Although WBI's publications are designed to support its training activities, many are of interest to a much broader audience.
This report has been prepared by the staff of the World Bank. The judgments expressed do not necessarily reflect the views of the Board of Executive Directors or of the governments they represent.
The material in this publication is copyrighted. The World Bank encourages dissemination of its work and will normally grant permission promptly.
Permission to photocopy items for internal or personal use, for the internal or personal use of specific clients, or for educational classroom use, is granted by the World Bank, provided that the appropriate fee is paid directly to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, U.S.A., telephone 978-750-8400, fax 978-750-4470. Please contact the Copyright Clearance Center before photocopying items.
For permission to reprint individual articles or chapters, please fax your request with complete information to the Republication Department, Copyright Clearance Center, fax 978-750-4470.
All other queries on rights and licenses should be addressed to the World Bank at the address above or faxed to 202-522-2422.
The backlist of publications by the World Bank is shown in the annual Index of Publications, which is available from the Office of the Publisher.
Library of Congress Cataloging-in-Publication Data
Chile : recent policy lessons and emerging challenges / edited by
Guillermo Perry, Danny M. Leipziger.
p. cm.(WBI development studies)
Includes bibliographical references
Contents: Empirical puzzles of Chilean stabilization policy /
Guillermo A. Calvo and EnriqueG. MendozaAnother look at Chilean
stabilization policy / Roberto ZahlerChile's take-off : facts,
challenges, lessons / Klaus Schmidt-HebbelCapital markets in
Chile, 198597 / Nicolas Eyzaguirre and Fernando LefortEducation
reform in Chile / Christin CoxPoverty and income distribution in
a high-growth economy / Alberto ValdsEffectiveness of the State
and development lessons from the Chilean experience / Mario Marcel
privatizing and regulating Chile's utilities / Eduardo Bitrn,
Antonio Estache, J. Luis Guasch and Pablo SerraThe governance of
the Chilean economy since 1990 / Claudio Sapelli.
ISBN 0-8213-4500-1
1. ChileEconomic policy. 2. ChileEconomic conditions1988
I. Perry, Guillermo. II. Leipziger, Danny M. III. Series.
HC192.C513 1999
338.983-dc21 99-29537
Page iii
CONTENTS
Foreword
v
Acknowledgments
vii
Contributors
ix
Introduction
Guillermo Perry and Danny M. Leipziger
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