Working Paper

Chilean Growth through East Asian Eyes

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collection.link.122
https://openknowledge.worldbank.org/handle/10986/4397
collection.name.122
Commission on Growth and Development
dc.contributor.author
Kharas, Homi
dc.contributor.author
Leipziger, Danny
dc.contributor.author
Maloney, William
dc.contributor.author
Thillainathan, R.
dc.contributor.author
Hesse, Heiko
dc.date.accessioned
2017-08-28T19:44:10Z
dc.date.available
2017-08-28T19:44:10Z
dc.date.issued
2008
dc.description.abstract
Chile could well have space to increase its growth potential by 2 percentage points of Gross Domestic Product (GDP) per year. To do this, it would need to pay more attention to new sources of growth in natural resources, manufacturing, and services. In an increasingly globalized world, first-mover advantages have become more numerous and larger. Chile risks losing out, as a few recent high-profile cases suggest. Chile's total factor productivity growth can be raised by driving within-firm technological change closer to the global best-practice frontier more rapidly, especially in manufacturing. This would encourage the diversification of exports and boost Chile's supply response to global demand changes. Chile confronts obstacles in its processes of innovation, human capital accumulation, and investment. To overcome them, deep institutional changes are needed to develop a national innovation system, stronger and more equitable educational achievement, more flexible labor markets, and focused public investments that crowd in private business. Such an inclusive growth strategy is likely to yield better social outcomes than a strategy that attempts to confront social inequities head-on through more equitable access to public services without paying adequate attention to the demand for labor and generation of income. Chile could also try a new policy towards innovation, but it would need to be bolder in terms of the institutional design to maximize the chances of success.
en
dc.identifier.uri
http://hdl.handle.net/10986/28028
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Commission on Growth and Development Working Paper;No. 31
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ACTION PLAN
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ACTION PLANS
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AGGREGATE LEVEL
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ANNUAL GROWTH
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AVERAGE GROWTH
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AVERAGE PRODUCTIVITY
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AVERAGE PRODUCTIVITY LEVELS
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BARGAINING
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BENCHMARKING
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BENCHMARKS
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BEST PRACTICE
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BEST PRACTICES
dc.subject
BEST-PRACTICE
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BROADBAND
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BUDGET ALLOCATIONS
dc.subject
BUSINESS CLIMATE
dc.subject
BUSINESS CYCLE
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BUSINESS CYCLES
dc.subject
BUSINESS INDICATORS
dc.subject
BUSINESS LEADERS
dc.subject
BUSINESS OPPORTUNITIES
dc.subject
BUSINESS PLAN
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BUSINESS SECTOR
dc.subject
BUSINESSES
dc.subject
CAPITAL ACCUMULATION
dc.subject
CAPITAL EXPENDITURE
dc.subject
CAPITAL FLOWS
dc.subject
CAPITAL FORMATION
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CAPITAL INVESTMENT
dc.subject
CAPITAL MARKETS
dc.subject
CENTRAL BANK
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COLLECTIVE BARGAINING
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COMMODITY
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COMPARATOR COUNTRIES
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COMPETITIVENESS
dc.subject
COMPUTER TRAINING
dc.subject
COUNTRY CASE
dc.subject
COUNTRY REGRESSIONS
dc.subject
COUNTRY RISK
dc.subject
COUNTRY SPECIFIC
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DEREGULATION
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DEVELOPED COUNTRIES
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DEVELOPING COUNTRIES
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DEVELOPMENT AGENCY
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DEVELOPMENT GOALS
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DEVELOPMENT INDICATORS
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DEVELOPMENT OF KNOWLEDGE
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DEVELOPMENT POLICY
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DEVELOPMENT PRACTITIONERS
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DEVELOPMENT STRATEGY
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DIGITAL DIVIDE
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DISPLACEMENT
dc.subject
DIVERSIFICATION
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DRIVERS
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E-MAIL
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EBUSINESS
dc.subject
ECONOMETRIC MODELING
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ECONOMIC BENEFITS
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ECONOMIC CONDITIONS
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ECONOMIC DEVELOPMENT
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ECONOMIC GROWTH
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ECONOMIC PERFORMANCE
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ECONOMIC POLICY
dc.subject
ECONOMICS
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EMPIRICAL WORK
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EMPLOYMENT
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EXPECTED VALUE
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EXPORT DIVERSIFICATION
dc.subject
EXPORT GROWTH
dc.subject
EXPORTS
dc.subject
EXTERNALITIES
dc.subject
EXTERNALITY
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FACTOR ACCUMULATION
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FEMALE EMPLOYMENT
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FEMALE LABOR
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FEMALE LABOR FORCE
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL MARKETS
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FINANCIAL SERVICES
dc.subject
FISCAL POLICIES
dc.subject
FISCAL POLICY
dc.subject
FLEXIBLE LABOR MARKETS
dc.subject
FOREIGN EXCHANGE
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FREE TRADE
dc.subject
GDP
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GDP PER CAPITA
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GLOBAL COMPETITIVENESS
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GLOBAL CONDITIONS
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GLOBAL ECONOMY
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GLOBALIZATION
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GOVERNMENT POLICIES
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GOVERNMENT SUBSIDY
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GROSS OUTPUT
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GROWTH PATH
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GROWTH PERFORMANCE
dc.subject
GROWTH POLICIES
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GROWTH POTENTIAL
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GROWTH RATE
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GROWTH RATES
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GROWTH REGRESSION
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GROWTH STRATEGIES
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GROWTH STRATEGY
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GROWTH SUCCESSES
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HIGH GROWTH
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HUMAN CAPITAL
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HUMAN RESOURCE
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HUMAN RESOURCE DEVELOPMENT
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ICT
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IMPROVING PRODUCTIVITY
dc.subject
INCOME
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INCOME LEVELS
dc.subject
INDUSTRIALIZED COUNTRIES
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INFORMATION INFRASTRUCTURE
dc.subject
INNOVATION
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INNOVATION POLICIES
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INNOVATIONS
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INSTITUTION
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INTANGIBLE ASSETS
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INTERNATIONAL STANDARDS
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INTERNATIONAL TRADE
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INVESTMENT CLIMATE
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JOB CREATION
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KNOWLEDGE ECONOMY
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KNOWLEDGE WORKERS
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LABOR COSTS
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LABOR DEMAND
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LABOR FORCE
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LABOR FORCE PARTICIPATION
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LABOR MARKET
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LABOR PRODUCTIVITY
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LEGAL FRAMEWORK
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LEVELS OF OUTPUT
dc.subject
LICENSES
dc.subject
LIVING STANDARDS
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LOTTERY
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MACRO STABILITY
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MACROECONOMIC POLICIES
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MACROECONOMIC STABILIZATION
dc.subject
MANPOWER
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MANPOWER PLANNING
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MANUFACTURING
dc.subject
MARGINAL PRODUCTS
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MARKET ECONOMY
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MARKET FAILURES
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MARKET SHARE
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MATHEMATICS
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MEDIUM ENTERPRISES
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NATURAL RESOURCES
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NETWORKS
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NEW TECHNOLOGIES
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NEXT GENERATION
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ORGANIZED LABOR
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OUTSOURCING
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PACE OF INNOVATION
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PCS
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PER CAPITA GROWTH
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PER CAPITA INCOME
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PHYSICAL DISTANCE
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POLICY CHANGE
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POLICY CHANGES
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POLICY INTERVENTIONS
dc.subject
POLICY MAKERS
dc.subject
POLITICAL ECONOMY
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POLITICAL PROCESS
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POVERTY REDUCTION
dc.subject
PRIVATE INVESTMENT
dc.subject
PRIVATE PARTNERSHIPS
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PRIVATE SECTOR
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PRIVATE SECTOR DEVELOPMENT
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PRIVATE SECTORS
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PROCUREMENT
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PRODUCTION FUNCTION
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PRODUCTIVITY
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PRODUCTIVITY GROWTH
dc.subject
PROPERTY RIGHTS
dc.subject
PUBLIC INFRASTRUCTURE
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PUBLIC INVESTMENT
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PUBLIC POLICIES
dc.subject
PUBLIC POLICY
dc.subject
PUBLIC PROGRAMS
dc.subject
PUBLIC SECTOR
dc.subject
QUERIES
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R&D
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RAPID GROWTH
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RATE OF RETURN
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RAW DATA
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REAL INTEREST RATES
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REFORM PROGRAM
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RELATIVE CONTRIBUTION
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RELIABILITY
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RENTS
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RESEARCH WORKERS
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RESOURCE ALLOCATION
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RESULT
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RESULTS
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RETAIL TRADE
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RISK PREMIUM
dc.subject
SECURE PROPERTY RIGHTS
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SIGNIFICANT IMPACT
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SKILLED LABOR
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SKILLED WORKERS
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SOCIAL ISSUES
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SOCIAL SERVICES
dc.subject
STATE OF KNOWLEDGE
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TARGETS
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TECHNICAL EFFICIENCY
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TECHNICAL PROGRESS
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TECHNOLOGICAL CHANGE
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TECHNOLOGICAL PROGRESS
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TELEPHONE
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TFP
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TOTAL FACTOR PRODUCTIVITY
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TOTAL FACTOR PRODUCTIVITY GROWTH
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TRADE UNIONS
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TRAINING REQUIREMENTS
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TRANSACTION
dc.subject
TRANSACTION COSTS
dc.subject
USES
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VALUATION
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VALUE CHAIN
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WAGES
dc.subject
WORK FORCE
dc.subject
WORKER PRODUCTIVITY
dc.title
Chilean Growth through East Asian Eyes
en
dc.type
Working Paper
en
okr.date.disclosure
2010-12-01
okr.doctype
Publications & Research :: Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/754381468326995501/Chilean-growth-through-East-Asian-eyes
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000356161_20101202022331
okr.identifier.internaldocumentum
13185890
okr.identifier.report
57730
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/754381468326995501/pdf/577300NWP0Box353767B01PUBLIC10gcwp031web.pdf
en
okr.region.administrative
Latin America & Caribbean
okr.region.country
Chile
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Social Protections and Labor :: Labor Policies
okr.topic
Macroeconomics and Economic Growth :: Economic Policy, Institutions and Governance
okr.unit
Development Research Group (DECRG)

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