“How General Pinochet Made Chile the Most Developed Economy in South America”

“How General Pinochet Made Chile the Most Developed Economy in South America” — the fourth lecture from Pavel Usanov’s course “The Wealth of Nations: Five Stories of Economic Success”.

How did Chile transform from a country poorer than Cuba into the most developed economy in South America? What did socialist Salvador Allende do to the Chilean economy that led to a military coup? Was Augusto Pinochet an agent of the United States? Why did Jorge Luis Borges and Margaret Thatcher admire him? Was the economic miracle the result of his reforms — or of his departure from power? And is it possible to implement liberal reforms through authoritarian methods?

Find out the answers at the lecture.