This essay focuses on Domestic Neo-liberalism.. Hefty government intervention into one of the world’s most open free-market economies. Chile experience the worst economic bust of any Latin American country.

Domestic Neo-liberalism

above is a template that you have to use to follow and examples plz follow them  resources  -Neoliberalism in Canada:The attack on Keynesian Policies, Social Citizenship & Rights Stephen Mcbride “Domestic Neo-liberalism” Chapter 4 pp 79-101 in Stephen Mcbride Paradigm Shift Globalization and the Canadian State Halifax

In sum, the neoliberal policies of the 1980s and 1990s—initiate by a repressive authoritarian.

Government—transform the Chilean economy from a protected market with high barriers to trade. Hefty government intervention into one of the world’s most open free-market economies. Chile experience the worst economic bust of any Domestic Neo-liberalism Latin American country.

During the Latin American debt crisis (several years into neoliberal reform). But also had one of the most robust recoverie rising from the poorest Latin American country. In terms of GDP per capita in 1980 (along with Peru) to the richest in 2019. Average annual economic growth from the mid-1980s to the Asian crisis in 1997 was 7.2%, 3.5% between 1998 and 2005.

And growth in per capita real income from 1985 to 1996 averaged 5%—all outpacing Latin American averages.

Inflation was brought under control. Between 1970 and 1985 the infant mortality rate in Chile fell from 76.1 per 1000 to 22.6 per 1000. The lowest in Latin America. Unemployment from 1980 to 1990 decrease, but remain higher Domestic Neo-liberalism than the South American average (which was stagnant). And despite public perception among Chileans that economic inequality has increase. Chile’s Gini coefficient has in fact dropped from 56.2 in 1987 to 46.6 in 2017. However, while this is near the Latin American average. Chile still has one of the highest Gini coefficients in the OECD, an organization of mostly develop countries that includes Chile but not most other Latin American countries.

Furthermore, the Gini coefficient measures only income inequality.

Chile has more mixed inequality ratings in the OECD’s Better Life Index. Which includes indexes for more factors than only income, like housing and education. Additionally, the percentage of the Chilean population living in poverty Domestic Neo-liberalism rose from 17% in 1969 to 45% in 1985. At the same time government budgets for education, health and housing drop by over 20% on average. The era was also marke by economic instability.

Overall, scholars have mixe opinions on the effects of the neoliberal reforms. The CIA World Factbook states that Chile’s “sound economic policies”. Maintain consistently since the 1980s, “have contribute to steady economic growth in Chile and have more than halved poverty rates,. And some scholars have even called the period the “Miracle of Chile”. Other scholars, however, have called it a failure that led to extreme inequalities. In the distribution of income and resulted in severe socioeconomic damage