03/31/2014 03:16 pm ET Updated May 31, 2014

Chile Is Running in Place

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From Project Syndicate

The export basket of economically diversified countries like Thailand, Malaysia, Mexico, and Ireland is entirely different from what it was a generation ago. By contrast, Chile's export basket has remained unchanged. In 1984, Chile exported copper and other minerals, paper and pulp, fruits and wine, fishmeal, and a smattering of light manufactures. Thirty years later, Chile's exports comprise the same items.

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