Quote:
Originally posted by Spanky
yes and look where Bolivia is today and where Chile is today.
Chiles' per capital income is $4,590 and Bolivia's is $990. In the 1960s their economies were very similar. In Bolivia economic liberalization and democracy may be working together, but Chile's dictatorship and free economics worked a hell of a lot better.
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Funny, but a quick google indicates that Chile had per capita income of $1968 (in constant 1995 dollars) in 1960 while Bolivia had per capita income of $826.66 -- so Chile was at about 250% of Bolivia's per capita income.
Yes, Chile's per capita income has risen faster. Could that have anything to do with each country's resources, geography or demographics?
And, of course, Chile decapitated some of their capita, so there's more for the rest of them!
