DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/e8734e/oecd_economic_surv) has announced the addition of OECD Publishing 's new report "OECD Economic Surveys: Chile 2012" to their offering.
Chile's vigorous recovery after the global recession of 2008-09 and the devastating earthquakes and tsunamis of early 2010 has lost some momentum, as the world economy has turned down. GDP is projected to grow by 6 per cent in 2011, but to ease to 4% in 2012. Provided that confidence improves and the global economy picks up again later in 2012, growth in Chile should rise to around 5% in 2013. However, as a small, very open economy with a large share of copper in total exports (close to 60% in 2010) Chile would be vulnerable to a sharper than expected global downturn, notwithstanding the fact that it recovered fast after the global crisis of 2008/2009 and proved resilient to the earthquakes and tsunamis in 2010.
Chile's income gap with the most advanced OECD countries remains wide, mainly due to lower productivity. Poverty and inequality also remain high in comparison with other OECD countries, in part because the tax-benefit system does very little to redistribute income (Figure 1). Despite strong economic growth, inequality has been highly persistent over the past 20 years - notwithstanding some modest improvements in the past few years - and inter-generational social mobility is low.
Chile's main challenge is to sustain high growth while distributing the gains more evenly across society. Better education and stronger product-market competition will be needed to foster productivity and reduce inequality. Efforts to enhance growth should be combined with measures to increase the employment of the poor and to improve their living standards.
OECD's 2012 Economic Survey of Chile examines recent economic developments, policies and prospects, reducing poverty through cash transfers and better jobs, and the housing market in Chile.
Key Topics Covered:
- Executive summary
- Assessment and recommendations
- Bibliography
- Annex A1. Progress in structural reform
- Chapter 1. Reducing poverty in Chile: Cash transfers and better jobs
- Chapter 2. Building blocks for a better functioning housing market in Chile
For more information visit http://www.researchandmarkets.com/research/e8734e/oecd_economic_surv