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What is Countercyclical Policy

Chapter 13
Handbook of Research on Economic Growth and Technological Change in Latin America
Is the economic policy that is aimed at reducing the negative effects of economic cycles. Such policy encourages the creation of reserves during periods of prosperity and high prices of export goods and promotes spendings during economic downturns that should provoke economic growth.
Published in Chapter:
Chile under the Government of Sebastián Piñera
Dorota Czyżyk (University of Wrocław, Poland)
Copyright: © 2014 |Pages: 20
DOI: 10.4018/978-1-4666-6224-7.ch013
Abstract
The purpose of this chapter is to present the presidency of Sebastián Piñera with an emphasis on his economic policy and development plan for Chile. The chapter begins with an analysis of the 2010 presidential elections and the profile of the latest Chilean president. The chapter also presents the economic and political history of the country since Salvador Allende's rise to power in 1970 through the Pinochet regime and the government of Concertación por la Democracia. Furthermore, the milestone events of the presidency of Piñera are identified and their influence on the approval of the presidents is evaluated. The study conducted in this chapter was based on the analysis of books and scientific journals that dealt with the political and economic history of Chile. The current situation of the country was analyzed on the basis of academic articles as well as press releases and reports.
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