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Estudios Públicos: N° 22, 1986. Regulation and deregulation in Chile: September 1973 to september 1983 Daniel Wisecarver (author)

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Throughout the first ten years of the military government, a long and extensive series of economic measures were taken that were designed, in nearly all cases, to transform the Chilean economy from its previous status – regulated, intervened and nationalized – to one where free private initiative was preferred, with the State playing a subsidiary role. In this way, the different sectors of the economy would be able to develop on the basis of free market principles. This document seeks to gather descriptions of some of the most important reforms that were established during the period as well as two areas where the reforms were unsuccessful, either because they were incomplete and/or incongruent or because they were poorly designed. The general issues include: 1) public enterprise and policies aimed at achieving control of public enterprise, the privatization of some and the continuing importance that they still have within the Chilean economy; 2) price liberation and control policies, including specific sectors of agriculture, transportation and the public service fee policy; 3) transcendental reforms implemented on the job market, specially the social security reform, the employment plan and wage floor, this latter being one of the failures in the regulatory policy; 4) the series of reforms and modifications in the banking/finance sector and the enormous cost to the economy and to economic policy of the absence of decision and the corresponding regulatory failure in this sector.


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Estudios Públicos :: Index by Subject :: Economy :: Chilean Economic Policy :: General Estudios Públicos :: Index by Number :: Estudios Públicos Nº 21-30 :: Estudios Públicos Nº 22 Files available
The material in this site can be only reproduced in accordance with Article 38 of the Chilean Law 17.336 on Copyright. Copyright Centro de Estudios Públicos © Santiago, Chile, 2011.

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The material in this site can be only reproduced in accordance with Article 38 of the Chilean Law 17.336 on Copyright. Copyright Centro de Estudios Públicos © Santiago, Chile, 2011.
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