The Chilean dream
Almost a quarter of Latin America’s top 100 companies are from Chile or have subsidiaries there. Do political stability, the rule of law and economic liberalisation make a magic formula for domestic growth and attracting investment? Balmy temperatures and sunny skies could not persuade over half of Chile’s voters to the local elections last weekend. The polls, the first to be held since voting was made voluntary, saw 60 per cent of Chileans stay at home and President Sebastian Pinera’s centre-right alliance lose some key races – including Santiago, where Maya Fernández Allende, the granddaughter of former president Salvador Allende, became mayor of the Ñuñoa commune.
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