Governance and institutional development of the Chilean economy

Chile's economic growth process during the 1990s is often considered as exemplary, therefore, it is worthwhile to examine its institutional development and governance. By the end of the decade there were signs that economic governance was weakening in Chile: the political economy of reforms looked increasingly difficult and the institutional flexibility to accommodate and support the changes required by a dynamic economy did not seem assured. This is the background against which the socialist Ricardo Lagos was sworn in as the new president of Chile in March 2000. Developments in Chile give insights to other countries' experiences. Copyright © 2000 John Wiley & Sons, Ltd.