Page "Economy of Chile" Paragraph 6

According to the CIA World Factbook, during the early 1990s, Chile's " reputation as a role model for economic reform " was strengthened when the democratic government of Patricio Aylwin, who took over from the military in 1990, deepened the economic reform initiated by the military government.

Growth in real GDP averaged 8 % from 1991 – 1997, but fell to half that level in 1998 because of tight monetary policies ( implemented to keep the current account deficit in check ) and because of lower export earnings, the latter which was a product of the Asian financial crisis.

Chile's economy has since recovered and has seen growth rates of 5-7 % over the past several years.