As a result of this free market revolution, the Chilean economy boomed. In the last 35 years poverty has fallen from 50 percent to 11 percent, per-capita income has increased from 4.000 dollars to almost 20.000 dollars and inflation was reduced from over 250 percent per year to less than 7 percent per year. This remarkable record has been known as Chile’s ‘economic miracle’. But a coalition of left-wing and communists groups threatens to end this. forbes/sites/realspin/2013/10/28/is-this-the-end-of-the-chilean-economic-miracle/
Posted on: Wed, 30 Oct 2013 01:33:58 +0000
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