Chile: The Legacy of Hispanic Capitalism (Latin American by Brian Loveman

By Brian Loveman

The preeminent booklet on Chilean background, Chile: The Legacy of Hispanic Capitalism has been completely up to date all through. between its many new gains are an research of the worldwide advancements in Chile over the last twenty years; a brand new bankruptcy that focuses in particular at the transition from an army to a civilian govt; and wide insurance of human rights in addition to of environmental, monetary, and social rules carried out given that 1990. Insightful and obviously written, this re-creation additionally contains twenty-six new photographs that deliver this intriguing textual content to existence.

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Extra info for Chile: The Legacy of Hispanic Capitalism (Latin American Histories)

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In 1975 some 200 Chilean firms with overseas markets exported perhaps 500 products to 50 markets; in 1998 approximately 6000 firms with operations in Chile exported over 4000 products to some 170 different foreign markets. First the military government, then the two succeeding elected governments vigorously pursued expanded trade opportunities. Chile became a full member of the Asia-Pacific Economic Cooperation Forum (APEC) and the Pacific Economic Cooperation Council (PECC), an associate member of MERCOSUR, the common market of the sourthern cone, and signed free trade agreements with Canada, Mexico, and other Latin American countries.

CORFO and the Anglo Lautaro Nitrate Company held shares in SQM. During the Popular Unity government (1970–73) the company was nationalized, only to be privatized again after 1983. In the early 1980s, important byproducts of the nitrate industry included iodine, salt, sulphur, and sulphuric acid. In 1986 SOQUIMICH entered into new contracts for nitrate sales to China, which, along with Japan, had become an important destination for Chilean mineral, seafood, and forest products. By 1988 the company had been fully transferred to private ownership.

Acting semiautonomously until 1979, PROCHILE became a part of the Ministry of Foreign Relations in 1979 and encouraged Chilean firms to enter new markets, diversify export products, and began actively promoting Chilean products in its overseas offices. PROCHILE maintained data banks accessible to Chilean firms and also active Internet Web sites promoting Chilean goods and services. Other government policies, from special tax credits to favorable commercial credit for “nontraditional” exports, transformed Chile’s inward-looking nationalist trade and development policies of the 1950s and 1960s into policies among the most liberal in the world.

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