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State Developmentalism Without a Developmental State: The Public Foundations of the “Free Market Miracle” in Chile

Published online by Cambridge University Press:  02 January 2018

Marcus Kurtz
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Abstract

If export orientation is a goal in a sustainable development strategy, this study argues that public interventions at the sectoral level in a variety of markets can produce economic reorientation that pursues international comparative advantage faster and at lower cost than free market forces can. Pervasive failures in information, credit, input, distribution, and insurance markets can render strictly market-based adjustment both slow and costly. Although Chile's export boom and high growth rates have been associated with its free market economic policies, this article, based on a comparison of the fruit, fish, and forestry sectors, contends that new forms of public intervention were crucial catalysts in shaping a sustained export response.

Type
Research
Information
Latin American Politics and Society , Volume 43 , Issue 2 , Summer 2001 , pp. 1 - 25
Copyright
Copyright © University of Miami 2001

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