Liberal Era (1880-1930s)
This type of economic policy allowed for foreign investment in Chile during the Liberal Era.
What is liberal economic policy?
This policy aimed to decrease reliance on foreign goods by promoting local industries.
What is Import Substitution Industrialization (ISI)?
This system provided Chilean citizens with improved access to education and healthcare.
What is social security?
This process allowed for industries to become more efficient by transferring ownership from the government to private hands.
What is privatization?
This infrastructure development greatly improved trade and movement of goods across Chile in the early 1900s.
What are railways?
Local industry in Chile grew in this sector, leading to the creation of thousands of jobs.
What is manufacturing?
A focus on this promoted national independence and reduced dependence on foreign control.
What is national sovereignty?
Increased competition under neoliberal policies spurred growth in this key sector of the economy.
What is technology (or information technology)?
This gap widened between the rich and poor as a result of uneven wealth distribution in the Liberal Era.
What is social inequality?
A negative outcome of the ISI Era was the inefficiency of these newly established industries.
What are local industries?
Socialism aimed to address these long-standing social issues in Chile.
What are historical injustices?
Despite growth, the gap between these two groups widened during the Neoliberal Era.
Who are the rich and the poor?
Foreign investments from these two regions primarily flowed into Chile during the Liberal Era.
What are Europe and the United States?
This form of corruption increased as the government took more control over economic policies.
What is state corruption?
This problem, related to shortages and mismanagement, hurt economic efficiency during the Socialist era.
What is poor resource allocation?
This negative social outcome of neoliberalism led to widespread social unrest and tensions.
What is social inequality?
These sectors, crucial for Chile’s economy, saw major industrial growth due to foreign investments.
What are mining and manufacturing?
This major flaw of ISI policies made local industries less competitive on a global scale.
What is lack of competition?
A major downfall of this era was that people became too reliant on this entity to support their livelihoods.
What is the government?
The harsh decline in this led to the inability to protect struggling citizens under neoliberalism.
What is welfare and public spending?