01850cas a2200241 a 4500 AALejournalIMF000116 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451929430 1018-5941 BD-DhAAL BD-DhAAL Clavijo, Sergio. A Survey of Economic Policies and Macroeconomic Performance in Chile and Colombia, 1970-95 / Sergio Clavijo. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (50 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This survey describes the timing and main macroeconomic results of the ambitious structural reforms adopted by Chile in the middle and late 1970s and by Colombia almost a decade later in the late 1980s and early 1990s. These reforms have enabled both countries to maintain vigorous real growth rates during the first part of the 1990s. However, they face challenges to their competitiveness as their real exchange rates continue to appreciate and real unit labor costs have been increasing. Although their exchange rate management system has helped to avoid an excessive inflow of short-term capital, interest rate differentials keep exerting pressures. Structural reforms have helped attract foreign direct investment, allowing the investment ratios of both countries to increase. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1995/139 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/139/001.1995.issue-139-en.xml IMF e-Library