After the dictatorship under Agusto Pinochet, Chile’s economy surprisingly thrived. Chile’s economy grew 7% each year between they years of 1986-1997. This was largely due to their focus on the exporting of copper, at a time when copper was at very high demand. As well as Mr. Escalon’s (Chilean government official) demand on creating an open market, cutting tariffs, and the creation of Chile’s pension reform. Despite the devastating earthquake that hit Chile in 2010 it did not destroy their economy. Chile was still able to progress economically because the earthquake did not destroy their copper mines and they still had good infrastructure. Chile also has low inflation and low government debt, and they still have one of the best economic situations
