The Competitive countries are those possessing a high capacity for growing in the mid-term, taking into account their starting level of income, World Economic Forum (WEF, 2013 AU41: The in-text citation "WEF, 2013" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. ). The degree to which a nation can under free and fair market conditions, produce the goods and services that meet the test of international markets, while simultaneously maintaining or expanding the real incomes of its citizens, U.S. Presidential Commission on Industrial Competitiveness (1985) AU42: The in-text citation "Industrial Competitiveness (1985)" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. .
Published in Chapter:
Lessons Learned from Chilean Model of Innovation and Development
Juan Rock T. (Universidad de Talca, Chile) and Gordana Pesakovic (King University, Knoxville, USA)
Copyright: © 2014
|Pages: 14
DOI: 10.4018/978-1-4666-6224-7.ch020
Abstract
In this chapter, the focus is on the Chilean economy and its development based on the innovation strategies and policies applied in the country in the last 40 years. The country's performance is compared with others countries in the region and the developed economies. The main lesson learned from the Chilean experience for the small developing countries are that a small economy can use to its benefit, competitive advantages achieved by other countries. In order to do this a country needs an open foreign policy and transparent, safe and fair business policies.