Question

Describe and discuss one (01) macro dimension of chile

Answer 1

One of the main macro dimensions of Chile have been a steady increase in exports.

The increase was in physical volume of exports , not in unit value.

This increase was the result of a correct strategy of opening the economy which permitted the more competitive chilean business to access external markets.

To achieve significant growth in long run , Chile needs to move into new kinds of business opportunities in categories and areas where it has not established a foothold.

The old way of growing economy is running into constraints.

To break into these new areas , Chile has to develop new capabilities and new strategies.

The success of Chile's macro economy in past decades is relevant to the efforts of other emerging countries to achieve rapid economic growth.