Chile: A Role Model of Export Diversification Policies?

Author/Editor:

Gonzalo Salinas

Publication Date:

May 27, 2021

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

Largely because of its vast copper reserves, Chile’s exports are highly concentrated on this low complexity product and this is often cited as a major drawback of its economic policy framework. However, its exogenous copper abundance conceals the country’s success in developing non-mineral and complex exports. This achievement is remarkable considering its remoteness from the large international economic centers, which limits its integration to global value chains. As suggested in this paper, this accomplishment reflects Chile’s strength in policy areas that foster non-mineral exports (including complex exports), making the country a role model in export diversification and complexity policies among emerging market countries.

Series:

Working Paper No. 2021/148

Frequency:

regular

English

Publication Date:

May 27, 2021

ISBN/ISSN:

9781513573373/1018-5941

Stock No:

WPIEA2021148

Pages:

30

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