Chile - trade and economy.

This essay hasn't yet been marked by one of our teachers

You can view 3 essays on Economy & Economics that have been Marked by Teachers

The first 200 words of this essay...

CHILE

Chile was for a time the shining light in South America, it was seen as the model for economic growth for all its neighbours, with important industries such as copper, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles. The countries market-oriented economy is characterised by a high level of foreign trade and the major exports are copper, fish, fruits, paper and pulp and chemicals with Chile importing consumer goods, chemicals, motor vehicles, fuels, electrical machinery, heavy industrial machinery and food. The economy itself has not lived up to previous expectations of earlier years; this has lead to a degree of social deprivation. The literacy rate (defined as those aged 15 and over who can read and write) in Chile is currently at 96.2%, out of a population of 15 million this is good for a country sometimes viewed as economically backward. The demographics of the country show a good balance for Chile, the working population makes up 66% of the nation with a pension-age population of only

7.7%. The GDP per capita of Chile is currently at $10,000 this compared to the USA at $37,000, Malawi at $670