Interesting. According to the World Bank

Chile has been the fastest growing economy in Latin America during the last 15 years, with an average annual per capita growth rate of 4.1 percent over the fifteen years following the return of democracy in 1990. Per capita incomes have doubled in real terms, and the relative income gap between Chile and high-income OECD countries has also been substantially reduced.
Chile has consolidated macroeconomic stability in part through the adoption of a floating exchange rate regime and full-fledged inflation-targeting. Most important has been a carefully calibrated fiscal policy, which has balanced an expanding program of investments in social programs with an unquestioned commitment to counter cyclical and disciplined fiscal policy.


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