Review by Choice Review
This volume is the best case study of the economic policies followed by Chile during the period beginning with the fall of the Allende government in 1973 and continuing through the crisis of the economy in 1982. The free market policy implemented under the guidance of economists trained at the University of Chicago during the decade has been both scorned and praised. The authors present a balanced evaluation of the strengths and weaknesses of the policy. Both external and internal problems are examined, with emphasis on the financial sector, exchange rate, and labor market. The authors recognize the beneficial results of substituting the price system in place of the many previous restrictions and regulations. In sum, a valuable guide to an important experiment in economic policy. Useful chapter notes and bibliography. Written tightly but accessible to upper-level undergraduate students, this volume belongs in every good Latin American collection.-M.C. Bird, The Colorado College
Copyright American Library Association, used with permission.
Review by Choice Review
