in emerging economies. Manuel Agosin (University of Chile) draws a parallel between Korea and Taiwan, showing how the two …. Ricardo Ffrench-Davis (ECLAC) concentrates on Chile's experience with three "positive" financial shocks: in the 1970s, in 1991 …-94, and in 1995-97. Jaime Ros (Notre Dame University) explores contrasting situations in Mexico in 1991-94 and 1996-97, and …

Since the 1970s, Chile has exhibited a highly skewed income distribution accompanied with strong fluctuations over time … 1990s, resulting from better economic and social policies in the return to democracy. Nonetheless, Chile still faces … significant challenges to improve development. There must be an active macroeconomic policy focused on the real economy. Chile …