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The Industrialization of Chile during Protectionism, 1940–82

  • Ricardo Ffrench-Davis
  • Oscar Muñoz
  • José Miguel Benavente
  • Gustavo Crespi
Part of the St Antony’s Series book series

Abstract

The objective of this chapter is to present an evaluation of the process of industrialization of Chile during the period 1940–82. The concept of industrialization is understood in the broadest sense, including industrial development as well as institutional modernization and social transformation. During the four decades which elapsed from the beginning of the 1940s, the Chilean economy completed a cycle of its economic development and began a new phase. The cycle of the so-called ‘development from within’, which had begun with the 1930s crisis, culminated in 1973–74 with the breakdown of the democratic regime.1 Throughout the decade of the 1940s the industrial growth rate reached an average of 8 per cent a year but thereafter declined perceptibly (Munoz, 1995). For the entire period 1950–71, an annual growth rate of 5.4 per cent has been estimated, well below the Latin American average for this period which reached 6.7 per cent (Benavente et al. 1996, table 4).

Keywords

Exchange Rate Industrial Sector Foreign Trade Real Exchange Rate Current Account Deficit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Publishers Ltd 2000

Authors and Affiliations

  • Ricardo Ffrench-Davis
  • Oscar Muñoz
  • José Miguel Benavente
  • Gustavo Crespi

There are no affiliations available

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