• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Chile - trade and economy.

Extracts from this document...

Introduction

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. ...read more.

Middle

Chile is developed in terms of the sectors its workforce works in the workforce currently breaks down as agriculture 14%, industry 27% and services 59%; this suggests a nation on the brink of developing to the extent that "the west" has seen. Currently unemployment in Chile is at 9.2%, this due to poor growth as a result of a lacklustre global economy and the devaluation of the Argentine peso. The Chilean government had formerly been run by the military and they had provided a framework by which the democratic governments could implement sufficient economic reforms Chile had experienced phenomenal growth but in recent years this has slowed and unemployment is the biggest ask of President Lagos who has been charged with the mandate to improve living standards. ...read more.

Conclusion

Usually the advice from a market-orientated point of view is to deregulate markets but as it is this has been done and the country has opened itself up for all foreign traders to create demand but so far this has not eroded the unemployment. I believe in this case government intervention has to be advocated, Chile needs to create jobs through government initiatives, a drive to better state-provision of healthcare, housing, education would ensure that the unemployment would be reduced, people could be educated to lift themselves out of the poverty trap and it could be funded by progressive taxation of those in the top tier of their two-tier society. This could work to appease Marxist rebels who have also worked to harm the Chilean economy. 1 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Economy & Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Economy & Economics essays

  1. Free essay

    different sectors of economy

    Tertiary Sector is divided into two sub-sectors - Quaternary Sector and Quinary Sector Quaternary sector of economy consist research and development, information technology, consulting and entertainment. Quinary sector is made of Education, government, health, finance, insurance, police, fire, retail, etc.

  2. Split Votes: A Nation Divided on the Marijuana/Drug Legalization Debate

    This argument uses the same goals as many prohibitionists. They both want to reduce the use of "hard" drugs; the MRP and prohibitionists just disagree on what a hard drug is. Also, the MRP and prohibitionists both want to keep drugs, all drugs, out of the hands of children.

  1. The Neo-Malthusian Population Trap

    These, including social institutions and resource endowment, are factors that need to be considered. The Neo-Malthusian Theory is putting too much emphasis on population growth, not taking political, social and economic institutions and resource endowment into account. Egypt and Kuwait are Countries that show that population is not the only determinant of economic development.

  2. Monetary policy of a globalised economy

    of many countries has more than doubled over the last few decades. Domestic industries and producers are now forced to compete with producers from around the world in their prices and other competitive issues. This increase in share of trade has been accompanied by increased specialization in the production process has lead to various tasks being outsourced to different countries.

  1. Toyota Motor Company Limited

    At Toyota's plant in the United Kingdom, Toyota Motor Manufacturing (UK) Ltd. (TMUK), where the Corolla and Avensis are built, it manufactured 200,000 gasoline engines in the year under review. With TMUK slated to become its European engine production centre, Toyota also plans to bring together diesel engines there from 2003.

  2. How Do Dixon's Dominate The Electrical Trade?

    Making more jobs and higher income, giving more money for people to spend on products. When we keep on spending on different products the companies are encouraged to produce more and more products. Therefore the economy keeps on growing. However if the country cannot afford to spend on machines to

  1. Retailing In India - A Government Policy Perspective

    But yet, it is now time for India to move onto the next phase of evolution. And for that we have to analyze what exactly is the problem with Indian retailing. 2.1 The Problem of Productivity The McKinsey retail study reports that the Indian Retail Productivity is at around 6% of the benchmark US retail productivity.

  2. The Social Balance - The Mixed Economy.

    It seems better to start by taking the, United Kingdom economy, which is our particular interest, and to point to certain biases in the system which affect the size of the public sector and have an important bearing on the social balance.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work