Blazing the way towards freer commerce with more dynamic economies, Chile and Peru are paving the way for the Latin American penetration of the Asian markets, and the welcoming of important imported goods from the East. With its unique mix of theory, historical discussion, case studies, and contemporary analysis and prospection, this book offers a comprehensive look at the business environment in Chile and Peru. It examines how data analytics will affect the management of businesses in these two countries and how they can close the innovation gap. It also investigates the effects of past and recent corruption scandals on economic development. The book provides a solid grounding on the historical, economic, social, and political impacts of trade and business in this region and identifies the key drivers of Latin American economic growth and development. Further, the authors look forward to the rising trends that outline the future of business and commerce between these two prospering economies, the rest of Latin America, and the world. This book is aimed at scholars and researchers who seek to learn more about the changing focus and interests of Latin America, the shift away from the Atlantic economies towards the Pacific powerhouses, and the implications and opportunities this poses for American business interests.

This volume presents 11 papers written by renowned, national and international scholars that add substantially to the body of empirical research and policy lessons on how to raise economic growth and prosperity in Chile. This book presents a large body of new empirical evidence on the effects of the low quality of education on growth, productivity, the adoption and innovation of new technologies and it also suggests policies to enhance quality and equity at all levels of the educational system. New findings about the effects of the successive energy price hikes on growth and productivity are the foundation to discuss policies reducing the price of energy to boost growth. Other research discusses the dynamics of productivity in Chile, the performance of economic sectors in accounting for such dynamics, the effects of labor market policies in slowing the reallocation process towards high-productivity activities, reforms to financial markets and failures of the policymaking process and institutions and reforms to improve them. All papers recommend policies that would eventually lead the country to a virtuous cycle featuring high growth and better income distribution. This volume also includes a discussion of the MIT economist Daron Acemoglu about why Latin America is poor today, in light of the findings of his best selling book Why Nations Fail (co-written with James Robinson) in order to address Chile’s long-term challenges to achieve economic development. In the final chapter of the book Acemoglu, along with the MIT economist Ricardo Caballero, Vittorio Corbo, Patricio Meller and Jorge Marshall discuss the challenges that Chile is facing to boost growth and to reduce inequality.

This book provides a solid overview of trade and business opportunities in the Pacific Alliance, focusing on the key drivers of economic growth and development in Chile, Peru, Colombia, and Mexico. It addresses the political, economic, and social benefits that accrue when commerce and markets are made freer, and implications this poses for American businesses. Further, it surveys how key economies of Latin America have learned from past failures and are poised to capitalize on them in the future. It will offer a detailed understanding for business scholars, practitioners, and entrepreneurs looking to explore new business ventures in dynamic trade union.

Chile: Doing Business in Chile for Everyone Guide: Practical Information and Contacts for Success