Business Intelligence

Chile's Growth And Development: Leadership, Policy-making Process, Policies, And Results

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Executive Summary

This paper analyzes the relations between leadership, the policy-making process, policies and institutions, and development results in Chile. It starts with a stylized model for the dynamics of development that derives a Kuznets-type relation between growth and distribution of income, determined by the quality of leadership, the policy-making process, institutions and policies. This framework is applied to Chile, identifying the features of the policy-making process and leadership that allowed for continuation of growth-enhancing reform, with a stronger focus on equity goals, since the transition to democracy.

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