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Chile: Interview with Gemines chief economist Alejandro Fernández

Alejandro Fernández has been the chief economist at Gemines since 1990. A graduate of the University of Chile and the University of Rochester, he has also served as an adviser for Chile’s Ministry of the Economy and the World Bank, as well as an academic at the University of Chile. In October, President Sebastian Piñera hailed Chile as an oasis of stability in Latin America. However, the civil unrest that engulfed the country later that month and the subsequent promise of a new constitution have cast…

Piñera says the Chile protests involved foreign intervention

The Chilean President said that he has received information from the U.S. State Department. suggesting that behind the violence there is more at play than “habitual criminals” Chile’s president Sebastián Piñera said his government is investigating foreign intervention in last month’s violent protests in one of the most prosperous countries in the region. “There’s a lot evidence that behind this situation there are forces that previously they did not know were operating…

Piñera Surrenders, Will Accept New Chile Constitution

A new constitution is not only the beginning of the end for Piñera’s center-right government, but it is also the end of Chile as we know it While the socialist Evo Morales resigned as president of Bolivia, the Chilean government, through its Home Affairs Minister, announced that the process of creating a “constituent congress” had begun. In other words, politicians in the Chilean Congress have to draft a new constitution that is in line with current times and generate the “social pact” that the people…

Myths and Truths of Inequality in Chile: To What Extent this explains the outbursts shaking this advanced country

The profound differences between the upper tiers and the rest of the population are presented as the unique cause of the phenomenal crisis that the country has been experiencing for the past three weeks. However, the statistics show a contradictory reality, which does not stand up to simplistic explanations. After the deep economic reforms implemented during the dictatorship of Augusto Pinochet, and since deepened since the return of democracy in 1990, Chile became a paradigm. For free-market advocates, it…
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