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This book provides a political economy perspective on Chile’s contemporary economic development, explaining the different stages of Chile’s neoliberal pattern of economic integration into the global economy from 1973 to 2015. Three key explanatory variables are considered: the evolution of business-state relations, US geopolitical interest in the region through the waves of trade agreements, and the political impact of the dynamics of inflows and outflows of financial capital. Although Chile is typically considered to be a successful case of a free market economy, this book presents an alternative narrative of Chile’s growth through using a Latin American Structuralist political economy perspective. While it recognises the positive results in terms of growth, it also emphasises the lack of dynamic sources for long-term development, which embeds the economy into short-term booms followed by periods of stagnation.
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The Political Economy of Peripheral Growth Chile in the Global Economy José Miguel Ahumada
The Political Economy of Peripheral Growth
José Miguel Ahumada
The Political Economy of Peripheral Growth Chile in the Global Economy
José Miguel Ahumada Department of Politics and Government Alberto Hurtado University Santiago, Chile Institute of International Studies University of Chile Santiago, Chile
ISBN 978-3-030-10742-0 ISBN 978-3-030-10743-7 (eBook) https://doi.org/10.1007/978-3-030-10743-7 Library of Congress Control Number: 2019932963 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: © Alex Linch shutterstock.com This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Acknowledgements
Jorge Luis Borges once said that during the act of writing one is dialoguing with hundreds of people that have influenced and molded our views. Our work is, then, always a collective outcome of our interactions with others. The majority of this work was completed while I was a Ph.D. student at the University of Cambridge. During those years I had the privilege to meet incredible people who gave me the intellectual inspiration that permitted me to carry on with my own research. I had the honor to have Ha-Joon Chang as my supervisor, whose academic rigor together with his capacity to think beyond the conventional economic wisdom taught me what is to be a proper academic. Ajit Singh and Ann Zammit provided me with their hospi