Economy of Chile

ECONOMY OF CHILE

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According to the CIA world fact book , Chile is located in the southern part of South America and it bs the South Pacific Ocean . It is endowed with natural resources like copper , iron ore , timber as well as precious metals . A brief history of Chile 's people in terms of their literacy levels and demographics is vital in as far as understanding any economy is concerned . Chile 's population as at July 2008 stood at 16 454 143 with the

highest proportion in terms of age structure being from the 15-64 years category , the dependent age group 0-14 account for 23 .6 and those aged 65 and above account for 8 .8 . This is a plus to her economic growth as a large proportion is comprised of energetic or productive people . The population growth rate according to CIA estimates was 0 .905 while the death rate and birth rate were 14 .82 birth /1000 and 5 .77 deaths /1000 population respectively (CIA , 2008 Chile records a very high literacy level at 95 .7 for the population with makes recording a slightly higher rate by 0 .2 CIA further noted that Chile 's government spent approximately 3 .2 of the country 's GDP on education in 2006 . This focuses on Chile 's economy of much importance will be the economic reforms that took place , as well as trade and its effects on her economic progress

In his distinguished book `Economic reforms...