So it's time for me to update my comparison of Chile and Venezuela.
Chile and República Bolivariana de Venezuela are South American countries of similar size and population.
What's most relevant, at least for today's discussion, is how Chile then jumped over Venezuela thanks to pro-market reforms,.
Chile became a stellar economic growth example in the region and has been outperforming República Bolivariana de Venezuela ever since.
The ratio of GDP per capita in Chile and in República Bolivariana de Venezuela changed from 0.75 in 1983 to 1.94 in 2003.
In 1971-2003, both Chile and República Bolivariana de Venezuela experienced periods of growing statism in their economic policy.
In the latest report from Economic Freedom of the World, Chile is ranked #15 while Venezuela is at the very bottom.
https://danieljmitchell.wordpress.com/2018/07/24/world-bank-compares-chile-and-venezuela/
Chile and República Bolivariana de Venezuela are South American countries of similar size and population.
What's most relevant, at least for today's discussion, is how Chile then jumped over Venezuela thanks to pro-market reforms,.
Chile became a stellar economic growth example in the region and has been outperforming República Bolivariana de Venezuela ever since.
The ratio of GDP per capita in Chile and in República Bolivariana de Venezuela changed from 0.75 in 1983 to 1.94 in 2003.
In 1971-2003, both Chile and República Bolivariana de Venezuela experienced periods of growing statism in their economic policy.
In the latest report from Economic Freedom of the World, Chile is ranked #15 while Venezuela is at the very bottom.
https://danieljmitchell.wordpress.com/2018/07/24/world-bank-compares-chile-and-venezuela/
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