Chile: Policy Priorities for Stronger and More Equitable Growth
Backed by strong economic growth Chile has made substantial progress in improving
the quality of life of its citizens. Nonetheless, gaps in living standards vis-à-vis
other OECD countries remain large and there are strong differences in well-being across
the Chilean population. The government has introduced important steps to strengthen
redistribution and improve equality of opportunities, including ambitious tax, labour
and education reforms. But there is room to further improve the design of many policies
to promote inclusiveness. Moreover, to sustain progress in well-being, Chile also
needs faster productivity growth which stagnated until recently. This requires policies
that foster competition, improve human capital accumulation and increase the diversification
of the economy that still relies heavily on commodity exports.
Published on January 18, 2016Also available in: Spanish
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