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Tags: BRIC, Chile, Columbia, Commodities, Copper, Latin America
are you talking about lithium as I think there are some government restrictions obout digging it up. Also SQM owns land where this is found but I don´t know whether it is presently being exploited
I am chilean and I would like to receive every thin for invest in Chile
I would like to consider investing in Lithium mining.
It is (and has been) time to invest into Chile!
Obviously this writer has views from the right. Seems to credit Pinochet and puts left leaning Chilean government (since Pinochet) as anti growth.
On thing that Pinochet did keep that he said he did want was the nationalization of Chile's copper mines. It is the nationalization of these copper mines that have contributed to Chile's healthy trust fund.
Speaking of trust funds, this was form by the left wing government; if it were up to the right wingers in Chile… Chile would not have had this trust fund to fall on during the global financial problem.
On top of this, the writer fails to mention that the slow down in Chile's economy since 2000 was due to global slow downs AND the price of copper being down.
Now that the price of copper is up; Chile again is doing very well. Amazing how the price of copper correlates to Chile's progress… then again, it is (currently as it has been for some time) the main bead maker for Chile.
So… to be fair… Chile is doing well due to the privatization of the copper mines that Pinochet was originally against. As nice as the writer makes Chile sound… unfortunately he has failed to tell the truth of why Chile is progressing.
BTW, keep in mind that during the Allende years; with help from the CIA, Chile suffered food shortages, as well as market devaluation due to hording that was done by right wing business owners and contracts being commercial broken (with the U.S.), leading to a failing economy. Sorry, but back in the 70s (and before)… when the most powerful country in the world wanted to have a tiny country to fail… this country would fail. By contrast to other countries, who's governments collapsed… it took the most powerful government in the world to help form a coup to forcefully bring down a peacefully DEMOCRATICALLY elected government.
What a shame that truths are still not fully told and examed.
Anywhoo… viva Chile! (my birth country)
Collecting my past memories I can still remember that Pinochet got wind of the planned coup by Allende and quickly organised a counter coup timed a couple days earlier and thus trounced the Communist take over of Chile. After the surrender of La Moneda Presidential palace and suicide of president Allende at his own failure, a ship laden with soviet arms quietly slid out from Valparaiso harbour before being impounded by Pinochet's men.
The importation of spare parts for transport vehicles was quickly reorganised bringing to an end the food and other essential commodities shortage that appeased the "housewifes revolution" that had invaded the capital's streets and Alameda during the previous weeks.
Could you please explain briefly why Ecuador is considered a "dreadfully run" country?
Thanks!
I am a US expat living 11 years in Chile. Too many Chileans still live in the past which is probably the biggest handicap the country has. To that end I fully agree with Mr. Hutchison's assesment given that the education level continues to improve in Chile thereby further enabling the untapped human capital that will overcome the left over dependecies on government hand outs. The right business model is slowly emerging. Pinera has the right model. The reality is that it has to be spoon fed to the masses. Vive Chile mierda!
i would love to have any information in to investing in to chile.