People migrated to fertile valleys along the coast about 10,000 years ago. The land that they settled on is now known as Chile. The first people to arrive in Chile were Diego de Almagro and his conquistadors. They came from Peru, in 1536, seeking gold. Pedro de Valdivia began a conquest of Chile in 1540. On the conquest the Spaniards didn’t find the gold they were looking for they realized how much agricultural potential Chile had and recognized it as part of the Viceroyalty of Peru. Chile soon wanted independence from Spain. War started in 1810 and lasted until 1817 when Bernando O’Higgins and Jose de San Martin crossed the Andes into Chile and defeated the royalties. On February 12, 1818, under O’Higgins’s leadership Chile was announced and independent republic. Resulting from a war, years later, with Peru and Bolivia Chile was able to expand its territory north. On February 27th, 2010 there was a devastating earthquake effecting over two million people. It had a magnitude of 8.8, making it the fifth largest earthquake ever recorded. Over five hundred people were killed, and hundreds of thousands of homes were destroyed. On August 5th, 2010 another devastating event occurred. The access tunnel of the San Jose copper and gold mine, in the Atacama Desert, collapsed trapping thirty three men 2,300 feet below earth’s surface. Seventeen days later the Chilean Government located the miners, and on October 13, 2010 all thirty three men were brought to the surface. Chile achieved global recognition for the successful rescue. Chile’s Armed Forces are controlled by Chilean President Sebastian Pinera. General Juan Miguel Fuente-Alba Poblete is the commander-in-chief of the Chilean Army. The Chilean Army has 36,250 people and its headquarters are in Santiago. The Chilean Army is one of Latin Americas most professional and technologically advanced armies. The Chilean Navy is directed by Admiral Edmundo Gonzalez Robles. There are 2,500 marines and 2,000 coastguards. They have more than 85 ships but no navy fighter/ bomber aircraft. The Chilean Navy also has four diesel-electric submarines. General Jorge Rojas Avila leads the Chilean Air force of 12,500 men and women. There are five air brigades’ headquarters. They have ten Block 50 F-16s. They bought them new from the U.S. The Chilean Air force also has thirty six reconditioned Block 15 F-16s from the Netherlands. Chile has had sound economic policies for about three decades. The government’s role in Chile’s economy is limited to regulation. Chile welcomes large amounts of foreign investment, meaning trade. Chile has a free trade agreement with the United States, along with fifty nine other countries. Chile is located in South America. Chile’s territory goes from the tropics to Antarctica, and from sea level to mountaintops, therefore the country has a variety of climate conditions. In northern Chile there is little to no rainfall and it’s very hot and arid. Central Chile is Mediterranean and has very cold and wet winters and southern Chile stays cold and wet most of the year, Chile is about twice the size of California, about 302,778 square miles. The capitol of Chile is Santiago. Chile’s terrain varies depending on what part of it you are in. The north has a desert like terrain and a fertile central valley. Toward the south there are volcanos and many lakes. Chile has a rugged and complex coastline, and on the eastern boarder lay the Andes Mountains. Chile has over seventeen million people living in it with a growth rate of .881%. Chile consists mainly of Spanish-Native Americans, Europeans, and Native Americans. People in Chile practice many religions: 70% roman Catholic, 15.1% Evangelical, 1.1% Jehovah’s witness, Christian 1%, other or none12.9%. The primary language in Chile is Spanish. In Chile twelve years of high school is required. Three million people are currently attending high school. Chile has a 96% adult literacy rate. 6.45 million people are currently employed
Chile is a republic located in southwestern South America. On the north side of Chile lies Peru, to the east is Bolivia and Argentina, and on the south Peru is bounded by the Pacific Ocean. The Archipelagoes Islands extend along the southern coast of Chile from Chiloé Island to Cape Horn. Among these islands are the Chonos Archipelago, Wellington Island, and the western portion of Tierra del Fuego. Some other islands that belong to Chile include the Juan Fernández Islands, Easter Island…
A Case Study
in partial fulfillment of the BMIB course
Hult International Business School
March 23, 2014
TABLE OF CONTENTS
TABLE OF CONTENTS 1
TABLE OF EXHIBITS 2
COUNTRY PROFILE 4
COUNTRY ANALYSIS 7
Monetary Policy 9
Fiscal Policy 10
Social Policy 11
Pension system 13
and attractive valuation support our shift to a tactical long on
Russian equity, even though this asset class tends to be more correlated with global EM equity
For EM local currency sovereign debt, we see reason to be wary of Chile, not only for its direct trade
exposure to China, but also for its indirect exposure via Chile’s trade partners. We also suggest
avoiding South Africa as a result of its high exposure and overvaluation. By contrast, Brazil looks
attractive, in part…
If there are countries in the Latin America region that has close ties to the U.S, it is Chile and Brazil. Of particular matter of interest, U.S-Brazil relations can be seen as complex and dynamic because of issues from security, trade subsidies and economics, and leadership capabilities. As much as the two have a strong democracy and economy in common, it is still significant to point out the tidbits that make these relations worth mentioning.
Since the advents of 9-11, U…
page paper? Lucky enough, my political science class came to the rescue when the professor was lecturing about Latin America. He popped the question, “which country in Latin America, is the fastest developing one?” I threw my hands high and yelled “Chile.” He looked at me in laughter and says that’s the general assumption and said “Brazil.” Voila!-it was like the light bulb just got turned on in my head.
When I was told to pick a destination, I automatically chose one which I am very familiar with;…
From Wikipedia, the free encyclopedia
Dorothea Lange's Migrant Mother depicts destitute pea pickers in California, centering on Florence Owens Thompson, age 32, a mother of seven children, in Nipomo, California, March 1936.
The Great Depression was a severe worldwide economic depression) in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s…
Chapter 1: Globalization and International Linkages
Learning Objectives and Chapter Summary
ASSESS the implications of globalization for countries, industries, firms, and communities.
Globalization—the process of increased integration among countries—continues at an accelerated pace. More and more companies—including those from developing countries—are going global, creating opportunities and challenges for the global economy and international management. Globalization has become controversial…
run institutions such as transport, health care and education. Within just a few years, Chile was the most open and ‘free’ economy in the world and enjoyed large inward flows of foreign direct investment (FDI) and benefited from the huge volumes of commodity exports which flowed from Chile’s position as the world’s largest holder of copper production potential. The system was a huge economic success for Chile, meeting all of the objectives it originally set out to do, such as; the lowering of inflation…
shocks arising from its macroeconomic and trade policies2. Belize trade profile shows that about 61.6 percent of its exports are on agricultural products while imports and exports to Gross Domestic Product (GDP) ratios are 72.4 and 28.6 respectively (World Trade Organization, 2013; European Commission, 2014). This lack of significant diversification beyond agricultural production and tourism; and her high dependence on imports exacerbates Belize’s vulnerability. This is obviously a pointer to the fact…
complex, and it does not rely on a single factor but rather many. Considering the factors beyond the social development of Latin American countries leads us to the underlying questioning of state agency: why they have not been able to exploit their potential and develop? That is why we will have to ponder whether it is due to a problem of inefficiency; and therefore a consequence of internal defaults or rather a matter of autonomy; that would be the cause of external pressures?
Thus, in this essay, given…