Friday, December 18, 2009

Chile invited to join OECD earlier than Venezuela

Authors:
Luis Alberto López Rafaschieri and José Alberto López Rafaschieri
www.morochos.net

While some governments in Latin America are threatening to abandon the OAS, the UN and any multilateral organization not willing to support the anti-democratic ideas of the radical left in the region, Chile has just recently joined the OECD -the Organization for Economic Cooperation and Development- which is integrated by a group of countries considered the world's most developed.

It is interesting that Chile has done this earlier than Venezuela, considering that Chavez's country has a much larger GDP -The Venezuelan economy doubles in size to that of Chile-. But for the OECD it's not only important to have a big economy, it's also essential to have strong democratic institutions, independent central banks, a robust private sector, an advanced legal system, a stable economy and the willingness to implement joint policies; variables that Venezuela has deteriorated over the past ten years with the government of President Chavez.

The two political models being debated now in Latin America: Chavez's extremist style, or the moderate way, like Chile. This last is doing better, say the world's most developed countries.


Related articles:

- Radical leftists more affected than the moderates

- Poll: Ignorance and Latin American leftist extremism

- The sucre and the exchange rate stability

4 comments:

  1. I think the moderate way of political model like Chile is cannot be a example against to Venezuela. On the other hand, Chile has its own domestic troubles and being an integrate of the group of countries like OECD, it dosen't permit to it for ask help to solve problems like climate change for example.

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  2. The important thing is that Latin American countries, one by one and once and for all, start leaving behing their perennial status of "developing" and finally join the ranks of the developed countries. Fast or slow, that's the direction we are going. It's been 200 years since our independence, isn't it about time?

    The beauty of the OECD is that you are sitting at the table with countries that have largely solved the problems that have plagued us for so long. And you can ask how they did it. Why reinventing the wheel? Just see what the successful ones did. They are happy to tell. You don't yet qualify to be a member? Mexico and Chile already are. Ask them how they did it! They will be happy to tell.

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  3. Good remarks Andrew. Mexico, Chile and Brazil also, are at this moment successful examples to follow.

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