A model economy for South America?

摘要

Chile may outshine its regional rivals with an economy that has matured since its democratisation in 1990, but there is still work to be done to raise the living standards of the general population, Chile, the most successful economy in South America, needs major structural reform if it is to enjoy the kind of economic growth seen in the countries of east Asia. In many ways, Chile is the economic and social model for neighbours such as Brazil and Argentina but it has a long way to go before its population can experience a First World standard of living. The economy is expected to grow by 5% this year and 4.5% in 2005 but per capita income is still only $5700 a year. Average unemployment is 9.2% but is 32.5% among 15 to 19-year-olds.