The Chilean "Economic Miracle": An Empirical Critique

  title={The Chilean "Economic Miracle": An Empirical Critique},
  author={James F. Petras and Steve Vieux},
  journal={Critical Sociology},
  pages={57 - 72}
  • J. PetrasS. Vieux
  • Published 1 July 1990
  • Political Science, Economics
  • Critical Sociology
The Pinochet regime in Chile has claimed numerous economic achievments, including vigorous growth, intelligent and innovative management of debt and poverty, and an exemplary approach to privatization. This paper examines empirically the historical record of the Pinochet regime in each of these areas. It concludes that the claims of the regime cannot be sustained. The neo-liberal policies of the post-Pinochet Aylwin government are described, together with the institutional context in which… 

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