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Chile does have the highest GDP per capita in Latin America because the following reasons:
I. SOCIAL BASE
1. Strong European influence and interrmarriage (European and white-mestizos).
2. Broad middle class : Depite of Chile's Gini index of 0.54 is one of the world's highest, Chile has a broad middle class because 80% of Chileans have more or less equalitarian salaries (Lower-to-mid middle class) and only 3,000 families owns near 54% of the country´s money.
3. Strong social budget and sound government finances: emphasizes on social policies to make ALL the people have access to health, housing and education.
II. ECONOMIC BASE
1º Strong world-class mining history (first Nitrates and later the cooper)
2º Strong strategic companies created by the Statebetween 1930s and 1950s ( Petroleum ENAP, cooper CODELCO).
3º Privatisation of inefficient companies in the 1970s and 1980s (telcos, trains, power)
4º Privatisation of Social Security (1981) and later reform (2009) of a more equalitarian Social Security System.
5º Free trade agreements with most OECD countries, China and Latin America.
6º LOW PUBLIC DEBT
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What are the similarities and differences between Bolivia and Chile?
Similarities are that both countries speak spanish and share a common border. They are both Andean countries. Differences are that Chile is Latin America's most developed country (and OECD member)while Bolivia is one of the least. Chile's GDP per capita is over three times that of Bolivia. Chile's Human Development Index (HDI)is ranked as 'Very High' while Bolivia is ranked as medium.
what is the important country in south America?
First of all, I assume you mean "What is the mostimportant country in South America?" Second, in order for anybody to provide a proper answer, you have to include some sort of criteria. For instance:Which country in South America is the poorest (defining "poorest" as having the largest number of people living off of $2 a day or less?) Suriname, with a whopping 27.2% of the country)Which South American country has experienced the most significant economic growth? Chile: Though the vast majority of countries in South America have experienced significant economic growth in the last two decades, it is the only country which remains virtually unaffected by inflation and impossibly high interest rates. Because of histories of high inflation in nearly all South American countries, interest rates remain high and investment remains low. Interest rates are usually twice that of the United States. For example, interest ratesare about 22% in Venezuela and 23% in Suriname. The exception is Chile, due to the fact that it has been implementing free market economic policies since establishing military dictatorship in 1973 and has been increasing its social spending since the return of democratic rule in the early 1990s. This has led to economic stability and interest rates in the low single digits.Which country in South America has the greatest GDP?Brazil: nominal GDP at 2,492,908 as of 2011; GDP (PPP) at 2,294,243 (as of 2011.)If you don't provide a specific set of criteria, each answer you will get in response to your question will vary wildly from the last, and all will be a matter of opinion.
What was GDP in South Africa in 2000?
The Gross Domestic Product (GDP) in South Africa was worth 132.878 billion US dollars in 2000, according to a report published by the World Bank.
Is it a poor or rich country South Africa?
South Africa is one of Africa's wealthiest nations. It has the highest GDP value in Africa. Its stock exchange (JSE) is one of the strongest in the world. However, due to a large population and unemployment, the GDP per capita is low. Therefore it is not easy to judge which is the richest country in Africa since a country like Seychelles can have a very low GDP value, but since it is a small country it can have a high GDP per capita value.
How does the literacy rate affect the standard of living in Africa?
high standard of living= high GDP and vice versa
What is the wealthiest south American country?
by GDP it would be Chile, although Brazil is rising.
What is the GDP in Latin America?
The combined GDP of all Latin American nations (Mexico, Central America, the Caribbean and South America) equals some 5.65 trillion or one third (33.6%) of the United States' GDP.
What are the 2 countries with the highest GDP in South America?
Brazil & Argentina
What is the poorest country of south america?
The lowest per capita GDP (as of the latest figures) is in the country of Guyana. Suriname continues to have the lowest GDP of the 12 major countries of South America.
Which has the higher GDP Argentina or Chile?
guys sorry
What is different about Chile and Bolivia economy?
Chile is an OECD country with a market-oriented economy with big focus on foreign trade. Chile has a strong financial reputation, solid institutions and sound policy which has helped Chile receive the strongest sovereign bond rating in South America. As a result, Chile has one of the highest foreign investment flow of capital in the region. Chile's PPT GDP exceeds 240US$Billion or about US$15,000 per capita. Bolivia is one of the poorest, most unstable and least developed countries in Latin America. They have suffer greatly from the nationalistic policies of most leaders and lacks much needed foreign investment. PPT GDP is about 45 US$Billion or less than US$4,500 per capita.
What are the similarities and differences between Bolivia and Chile?
Similarities are that both countries speak spanish and share a common border. They are both Andean countries. Differences are that Chile is Latin America's most developed country (and OECD member)while Bolivia is one of the least. Chile's GDP per capita is over three times that of Bolivia. Chile's Human Development Index (HDI)is ranked as 'Very High' while Bolivia is ranked as medium.
what is the important country in south America?
First of all, I assume you mean "What is the mostimportant country in South America?" Second, in order for anybody to provide a proper answer, you have to include some sort of criteria. For instance:Which country in South America is the poorest (defining "poorest" as having the largest number of people living off of $2 a day or less?) Suriname, with a whopping 27.2% of the country)Which South American country has experienced the most significant economic growth? Chile: Though the vast majority of countries in South America have experienced significant economic growth in the last two decades, it is the only country which remains virtually unaffected by inflation and impossibly high interest rates. Because of histories of high inflation in nearly all South American countries, interest rates remain high and investment remains low. Interest rates are usually twice that of the United States. For example, interest ratesare about 22% in Venezuela and 23% in Suriname. The exception is Chile, due to the fact that it has been implementing free market economic policies since establishing military dictatorship in 1973 and has been increasing its social spending since the return of democratic rule in the early 1990s. This has led to economic stability and interest rates in the low single digits.Which country in South America has the greatest GDP?Brazil: nominal GDP at 2,492,908 as of 2011; GDP (PPP) at 2,294,243 (as of 2011.)If you don't provide a specific set of criteria, each answer you will get in response to your question will vary wildly from the last, and all will be a matter of opinion.
Is it better to have a high GDP or a low GDP?
High GDP because it means more money.
Is Bolivia poor?
Bolivia is the poorest country in south America, with a $27.87 billion GDP (Gross Domestic Product).
Is a high GDP per capita good?
Yes it is good to have a high GDP per capita.
What is South Africa's GDP?
South Africa has a GDP of $408.2 billion(2011) US dollars according to the world bank.
