What's next on Chile's growth and development agenda?

Chile has been growing in a sustained and relatively stable manner since the 1990s, thanks to effective macroeconomic management and its open economy. Today the Chilean model requires an “update” if it is to capture the gains offered by global technological and geopolitical changes and to meet the aspirations of its growing middle classes. Finding new sources of growth and broadening its economic base will be crucial for achieving shared prosperity. This chapter reviews Chile’s economic transformation and identifies four structural weaknesses that will need to be overcome to benefit from the window of opportunity opened in today’s global context.