There are 5 replies in this Thread which has previously been viewed 1,773 times. The latest Post () was by Rice.
I think it's more a question of what Chile did than what it's doing. Strong foundations are important and a general agreement on an economic path too. I may be wrong on this because I havn't looked into it for some time, but I think Chile busted its unions some time ago (1980s)?, which started an economic turn around. I think Chile has only around 10% of its workforce in a union whereas Argentina is closer to 50%.
That's not to say unions in general are good or bad, but in Argentina (and previously in Chile) they were very bad.
I don't mean to hijack this thread, but I just came across this interview with Carlos Steineri, an Uruguayan economist who lead the economic reform in 2003 when UY was facing similar issues as is Argentina now.
He explain how they were able to 'tame' the issue.
Trouble with Argentina is it thinks it's European.
Trouble with Argentina is it thinks it's European.
Looking at the economic situations of some of the EU countries, maybe they are right.
