{"id":9742,"date":"2014-02-25T11:56:51","date_gmt":"2014-02-25T16:56:51","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=9742"},"modified":"2014-02-25T11:56:51","modified_gmt":"2014-02-25T16:56:51","slug":"andres-oppenheimer-chiles-pinera-leaves-office-on-a-high-note","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/andres-oppenheimer-chiles-pinera-leaves-office-on-a-high-note\/","title":{"rendered":"Andres Oppenheimer: Chile&#8217;s Pinera leaves office on a high note"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/02\/andres1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9743\" title=\"andres\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/02\/andres1.jpg\" alt=\"\" width=\"627\" height=\"341\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/02\/andres1.jpg 627w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/02\/andres1-300x163.jpg 300w\" sizes=\"auto, (max-width: 627px) 100vw, 627px\" \/><\/a><\/p>\n<p>Here is another great article by Andres who talks about the successes in Chile and how others could follow suit.\u00a0 Certainly here in Panama, we have a lot to learn from our neighbor to the south.<\/p>\n<h3 class=\"byline\">By Andres Oppenheimer<\/h3>\n<h3 class=\"credit_line\">aoppenheimer@MiamiHerald.com<\/h3>\n<div id=\"storyBodyContent\" class=\"entry-content\">\n<p>Chilean President Sebastian Pi\u00f1era will leave office March 11  with high popularity and one of the best economic records in Latin  America. So when I interviewed him a few a days ago, I was curious to  know what was his recipe, and why \u2014 after achieving such good  macro-economic figures \u2014- did the opposition win the Dec. 15 elections  by a landslide.<\/p>\n<p>Pi\u00f1era, a center-right billionaire businessman,  will leave behind a country growing at 5 percent annually, a 3 percent  inflation rate and having raised the per capita income from $15,000 a  year when he took office to about $20,000 today.<\/p>\n<p>By comparison,  Argentina and Venezuela are expected to grow by less than 2 percent this  year, have annual inflation rates of 28 percent and 56 percent,  respectively, and their per capita income figures are below those of  Chile.<\/p>\n<p>\u201cChile today is closer than ever in history to leave behind  under-development, to defeat poverty, and to join the First World, which  is where we want to get,\u201d Pi\u00f1era told me in a wide-ranging interview.<\/p>\n<p>He  attributed Chile\u2019s success to several factors, including \u201cdemocracy,  stability, the wisdom of having engaged in (political) dialogue and  reached agreements, but also to pursuing a social market economy and  free trade.\u201d<\/p>\n<p>Pi\u00f1era said he is leaving office with a healthy  economy, despite having had to govern \u201cin very difficult times.\u201d When he  took office in 2010, the world was in a recession, the U.S. and  European economies were in deep trouble, and a devastating earthquake  that left $30 billion in damages had struck Chile just 11 days before  the start of his government, he noted.<\/p>\n<p>What about the criticism  that Chile\u2019s economy is growing fast, but inequality has also grown, and  poverty levels have not dropped dramatically? I asked.<\/p>\n<p>\u201cWe have  reduced inequality and reduced poverty,\u201d he said. \u201cTake any poverty and  inequality indicator you want, whether it\u2019s those of our own  universities or those of the United Nations Economic Commission for  Latin America, and you will see that that poverty had remained flat  during the previous government, and has dropped since. And inequality,  too. That\u2019s beyond any discussion.\u201d<\/p>\n<p>Chile\u2019s poverty have declined steadily from 40 percent in 1990 to 14 percent today, according to United Nations figures.<\/p>\n<p>So if things are going so well, why did President-elect Michelle Bachelet\u2019s opposition coalition win by a landslide? I asked.<\/p>\n<p>\u201cWell,  democracy has its mysteries,\u201d Pi\u00f1era responded with a smile. Bachelet  \u201cis a formidable candidate, has many attributes and human virtues, many  of which I envy,\u201d he said. He added that \u201cour side made many mistakes,\u201d  including having had four presidential candidates during the few months  before the elections.<\/p>\n<p>What happened to him is not too different  from what happened to Bachelet at the end of her (2006-2010) presidency,  Pi\u00f1era said. She left office with high popularity rates, but her  coalition\u2019s candidate \u2014 Eduardo Frei \u2014 lost the election.<\/p>\n<p>\u201cHistory repeats itself,\u201d Pi\u00f1era shrugged.<\/p>\n<p>Asked  about his recent trip to Cuba, where he participated at a summit of  Latin American countries and was the only president who met with the  island\u2019s opposition leaders, Pi\u00f1era said he is \u201cvery happy\u201d to have met  with Ladies in White leader Berta Soler during his trip.<\/p>\n<p>\u201cI  thought it was the fair, the right thing to do,\u201d Pi\u00f1era said. \u201cI have  always thought that when one visits a country, especially a country like  Cuba, where there undoubtedly are human rights and democracy problems,  one has to &#8211; in addition to hearing the Cuban government &#8211; hear other  voices&#8230; And I listened to them with all the attention that they  deserved.\u201d<\/p>\n<p>My opinion: It shouldn\u2019t come as a surprise that Pi\u00f1era is leaving office with a 49 percent approval rate.<\/p>\n<p>While  he lacks personal charm and often comes across as a cold-minded  businessman, Pi\u00f1era has done an excellent job in accelerating Chile\u2019s  economic growth and keeping alive his country\u2019s success story (which, by  the way, was largely made possible thanks to the good economic  management by Chile\u2019s previous center-left governments.)<\/p>\n<p>Chile\u2019s  decades-old economic growth should be an example for the rest of Latin  America. It shows that a democracy with robust opposition parties, free  and fair elections, independent media, a market economy and a desire to  join \u2014 rather than fight \u2014 the First World is much more successful in  reducing poverty than Venezuelan-styled authoritarian populist regimes.<\/p>\n<p>Let\u2019s  hope that Bachelet, who in recent times has placed greater emphasis on  Chile\u2019s shortcomings than on its achievements, doesn\u2019t miss the big  picture, and stays the course.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Here is another great article by Andres who talks about the successes in Chile and how others could<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9742","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Andres Oppenheimer: Chile&#039;s Pinera leaves office on a high note - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/andres-oppenheimer-chiles-pinera-leaves-office-on-a-high-note\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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