Chile

New Chilean government pushing for change

by Bob Sheth on May 23, 2014

New Chilean government pushing for change

New Chilean government pushing for change

While Chile has enjoyed economic growth of around 5% per annum since the late 1980s it seems that new Chilean president, Michelle Bachelet, is determined to overhaul some of the more outdated policies, services and taxes and drag Chile into the 21st-century. Initially Ms Bachelet, leader of the centre-left coalition government, announced plans to introduce 56 new measures in her first 100 days in office. Official statistics show that since 11 March, the day when she took control, 41 of the initial 56 measures have already been introduced and crossed off the list.

The pace at which the coalition government is moving forward is concerning some of the more traditional Chileans and indeed the business arena is withholding judgement for the time being. So what exactly is going on, what can we expect in the short to medium term and will this change the long-term landscape of Chile? [click to continue…]

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