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Copper Investment Policy in Chile 1973–1984
Author(s) -
FORTIN CARLOS
Publication year - 1984
Publication title -
natural resources forum
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.646
H-Index - 49
eISSN - 1477-8947
pISSN - 0165-0203
DOI - 10.1111/j.1477-8947.1984.tb00504.x
Subject(s) - government (linguistics) , investment (military) , foreign capital , foreign direct investment , business , capital (architecture) , economic policy , state (computer science) , production (economics) , market economy , international economics , economics , political science , macroeconomics , geography , philosophy , linguistics , archaeology , algorithm , politics , computer science , law
The present Government of Chile has retained under state ownership the large‐scale copper mines nationalized by the Allende Government in 1971. At the same time it has pledged itself to open fully the Chilean economy to the free play of national and international market forces and to this end has elected to expand Chilean copper production by using foreign capital. The financial regimes created by the Government to attract such investment are described. Although the investment terms have been generous, the Government has not been as successful in attracting as much foreign investment as it had hoped. It is suggested that the Government could expand copper production more efficiently and at less cost to the nation by investing in the state‐owned copper industry.