Computing in Chile: Leading the way for other South American LDCs? (less-developed countries) (International Perspectives)

Chile may show us where Paraguay is heading. In 1970, Chile elected a Communist government, which was overthrown in a bloody coup led by Augusto Pinochet in 1973. Pinochet's government sharply reversed the then-typical Latin American economic policy of protectionism, substituting a policy of free trade and growth through export. Chilean politics changed when Patricio Aylwin was elected president in 1989, but the economic policy has not wavered.

It seems to be working. Exports now account for 30% of the economy and that figure is rising, and of the seven largest Latin American countries, Chile has had the highest growth and lowest inflation rates over the last five years. …