Democracia y desarrollo en Chileel aprendizaje institucional de las reformas

Abstract

The key concern of the article is the understanding of the connexion that has been established between the structural reforms and the institutional frames in Latin America during the nineties. The case of Chile, studied in depth in this article, is the example to show how the process of trade and financial liberalisation could create deep macroeconomic instability, if is not combined with an adequate institutional frame. Hence, the main aim of this article has to do with understanding the process of institutional development in Chile, the historical configuration and the institutional consolidation that have led to some structural reforms in the last 16 years. Almost two decades after the transition to democracy, it seems that the Chilean case has combined successfully the consolidation of democratic institutions with the implementation of structural reforms. All these synergies have given a particular dynamism to the economy. Although, is also true that there are some other political and institutional reforms left, that are necessary in order to strength the democratic system of this country.