Chile’s economy grew by 15.2% last year – even after their massive earthquake – a fabulous amount especially when compared with the US’s; Investor’s Business Daily explains the reasons,
Lessons From The Land Of 15% Growth
- Privatized pensions which now hold assets worth 90% of GNP ($185 billion) — capital used to develop the country
- Free trade: 58 treaties
- Focus on productivity
- Corporate taxes are the second lowest in Latin America at 18%, behind Paraguay’s 10%
- Reducing the size of government – last year government spending was cut by 5.5%
- Not printing too much money.
Go read the whole article here.
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