Neoliberalism provided Latin American states with opportunities, but also majorproblems. Discuss, with reference to one state, a group of states, or the region asa whole.
In order to address this question we have chosen to examine Chile as our case study.Our reason for this choice is twofold; firstly, as neoliberal reforms were implementedin Chile under dictatorship and before any other country in the region, she has thelongest and most intense experience of an open and unregulated market in LatinAmerica. Secondly, for reasons we will now mention, Chile constitutes the best casefor demonstrating
sides of this argument.In terms of opportunities provided by the neoliberal model Chile, more than mostLatin American countries, appears to have benefited. Widely accepted as one of themost economically successful countries in the region, the Chilean model becameknown to the international financial community as; the “Latin American Jaguar” or the Chilean miracle (Santos 2005). Chile is also hailed by many as a “true model for the region” due to her liberal democracy and incorporation of social programs withinan orthodox market framework thus tackling inequality and poverty while alsoachieving macroeconomic stability (Castaneda 2006; Cordoso2006).In terms of major problems stemming from neoliberalism, however, Chile can also beused as an example. After Chile’s return to democracy the level to which her markethad been unregulated greatly constrained the first Concertación government in whatthey could achieve and poverty reduction strategies were operated