An Important Chilean lubber company leaves highly volatile Argentina
Chilean timber company Masisa Wednesday announced it had liquidated all its assets in Argentina to abandon all its operations in the highly volatile neighbouring country. Sadly, it is a pattern of retreat from the Argentine marketplace of many large international investors due to its mismanaged economy and unorthodox Peronist policies, which have resulted in high levels of corruption, inflation and capital flight. Masisa sold its share in Forestal Argentina S.A. and Masisa Forestal S.A., in addition to 72,000…
Chile’s economic success was no accident but is there change on the way ?
Chile has turned away from its earlier neo-liberal growth policies, described by many commentators as Chiles’s growth miracle. This year, Chile’s new leftwing government has been busy pacifying foreign investors who had worried about radical President Gabriel Boric’s expensive campaign promises. These concerns may have been overblown, as the fundaments remain the same, but we will see. The new government, however, believes it can lift spending by using tax reform to raise more revenue. Chile’s tax…
Chilean agriculture is expected to become part of the 10 largest food exporters in the world by 2020
Agriculture in Chile is a strategically important sector. The objective is to make Chile part of the 10 largest food exporters in the world by 2020. At the moment Chile is round about No: 20. From the beginning of this century food export increased by an average of 12% annually. Further processing and surplus values are central in the policy. Primary production is only a small part of the gross national product. Because of the closed-in position of the country sanitary provisions are second to none and these…
