What is 'Neo-Liberalism'

Yoshie Furuhashi furuhashi.1 at osu.edu
Fri Jun 22 15:32:20 PDT 2001


Doug:


>Chilean GDP per capita peaked at $2,784 in 1971, fell through the
>Allende and early Pinochet years, rose a bit, then fell again,
>bottoming out at $2,162 in 1983, and then rose strongly from then
>onwards, to $5,159 in 1999.

I don't disagree with you on the above at all. The point is that the years of neoliberal dictatorship weren't economically impressive (the initial shock therapy pushed economy down, it recovered, entered into a debt crisis, & recovered again); & that the 90s recovery was led by export of such traditional neocolonial products as copper & agricultural goods -- the recovery that is now probably coming to an end.


>If you compute the per capita GNP figures as a percent of U.S.
>levels, you get yet another picture (one not terribly flattering to
>the recent growth spurt, either, since it's just getting back to
>1960 levels):
>
>1960 16.3%
>1970 15.3%
>1972 14.9%
>1973 13.2%
>1983 10.1%
>1990 12.1%
>1999 16.8%

Will there be further recovery in Chile, without Japan & the USA getting back into high gear?

Yoshie



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