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Chicago Boys
The Chicago Boys were a group of Chilean economists prominent around the 1970s and 1980s, the majority of whom were educated at the Department of Economics of the University of Chicago under Milton Friedman and Arnold Harberger, or at its affiliate in the economics department at the Pontifical Catholic University of Chile. After they finished their studies and returned to Latin America, they adopted positions in numerous South American governments including, prominently, the military dictatorship of Chile (1973–1990), as economic advisors. Many of them reached the highest positions within those governments. While The Heritage Foundation credits them with transforming Chile into Latin America's best performing economy and one of the world's most business-friendly jurisdictions, critics point to drastic increases in unemployment that can be attributed to counter-inflation policies implemented on their advice. Ronald Reagan and Margaret Thatcher were influenced by Chile's polic ...
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Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational a ...
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Point Four Program
The Point Four Program was a technical assistance program for "developing countries" announced by United States President Harry S. Truman in his inaugural address on January 20, 1949. It took its name from the fact that it was the fourth foreign policy objective mentioned in the speech. Background By 1947 the United States found itself in a Cold War struggle against the USSR. With White House assistants Clark Clifford and George Elsey and State Department official Ben Hardy taking the lead, the Truman administration came up with the idea for a technical assistance program as a means to win the "hearts and minds" of the developing world after countries from the Middle East, Latin America, Asia and Africa had complained about the emphasis on European aid by the U.S. By sharing American know-how in various fields, especially agriculture, industry and health, officials could help "third world" nations on the development path, raise the standard of living, and show that democracy ...
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Columbia University
Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhattan, Columbia is the oldest institution of higher education in New York and the fifth-oldest institution of higher learning in the United States. It is one of nine colonial colleges founded prior to the Declaration of Independence. It is a member of the Ivy League. Columbia is ranked among the top universities in the world. Columbia was established by royal charter under George II of Great Britain. It was renamed Columbia College in 1784 following the American Revolution, and in 1787 was placed under a private board of trustees headed by former students Alexander Hamilton and John Jay. In 1896, the campus was moved to its current location in Morningside Heights and renamed Columbia University. Columbia scientists and scholars have ...
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Hernán Büchi
Hernán Alberto Büchi Buc (; born March 6, 1949) is a Chilean economist who served as minister of finance of the Pinochet government. In 1989 he ran unsuccessfully for president with support of Chilean right-wing parties. Early life Büchi was born into a Roman Catholic family of Swiss, German and Croatian descent who settled in Iquique. He studied at Instituto Nacional General José Miguel Carrera of Santiago. After receiving a diploma in mining at the University of Chile he went to the U.S. and earned an MBA from Columbia University in 1975. Despite this fact, he is often mentioned together with the Chicago Boys who studied economics at the University of Chicago, because he represents similar neoliberal market positions. In 1975, Hernán Büchi began as a consultant of the Secretary of Economics, Pablo Baraona, and as a chair of the board of directors of the state-owned sugar refiner ''Industria Azucarera Nacional''. In 1978, he joined the board of the state-owned telephone ...
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Harvard
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and one of the most prestigious and highly ranked universities in the world. The university is composed of ten academic faculties plus Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer only graduate degrees, including professional degrees. Harvard has three main campuses: the Cambridge campus centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment is valued at $50.9 billion, making it the wealthiest academic institution in the world. Endowment inc ...
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José Piñera
José Piñera Echenique (born October 6, 1948) is a Chilean economist, one of the famous Chicago Boys, who served as minister of Labor and Social Security, and of Mining, in the military dictatorship of Augusto Pinochet. He is the architect of Chile's private pension system based on personal retirement accounts. Piñera has been called "the world's foremost advocate of privatizing public pension systems" as well as "the Pension Reform Pied Piper" (by the Wall Street Journal). He is now Distinguished Senior Fellow at the Cato Institute, a libertarian think tank based in Washington, President of the International Center for Pension Reform based in Santiago, Senior Fellow at the Italian libertarian think tank Istituto Bruno Leoni, and member of the advisory board of the Vienna-based Educational Initiative for Central and Eastern Europe. He has a master's degree and a Ph.D. in economics from Harvard University. Piñera is a board member in Chile and an active supporter of SOS Childre ...
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Pablo Baraona
Pablo is a Spanish form of the name Paul. People *Pablo Alborán, Spanish singer *Pablo Aimar, Argentine footballer *Pablo Armero, Colombian footballer * Pablo Bartholomew, Indian photojournalist *Pablo Brandán, Argentine footballer * Pablo Brenes, Costa Rican footballer *Pablo Alborán, Spanish singer-songwriter *Pablo Casals, Catalan cello virtuoso *Pablo Couñago, Spanish footballer *Pablo Cuevas, Uruguayan tennis player *Pablo Eisenberg (born 1932), American scholar, social justice advocate, and tennis player *Pablo Escobar, Colombian drug lord *Pablo Iglesias Turrión, Spanish politician *Pablo Francisco, Chilean American comedian * Pablo Galdames, Chilean footballer *Pablo P. Garcia, Filipino politician *Pablo Hernández Domínguez, Spanish footballer *Pablo Ibañez, Spanish footballer *Pablo Iglesias Simón, Spanish theatre director, sound designer and playwright *Pablo Lombi, Argentine field hockey player *Pablo Darío López, Argentine footballer *Pablo Iglesias Posse, Spa ...
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Sergio De Castro (economist)
Sergio de Castro Spikula (born January 25, 1930) is a Chilean economist who served the military junta headed by Augusto Pinochet as economy and finance minister. De Castro was one of the Chicago boys, trained in economics at the University of Chicago. Sergio de Castro is one of the authors of the influential text known as '' El ladrillo'', writing its prologue A prologue or prolog (from Greek πρόλογος ''prólogos'', from πρό ''pró'', "before" and λόγος ''lógos'', "word") is an opening to a story that establishes the context and gives background details, often some earlier story that .... La transformación económica de chilena entre 1973-2003'. Memoria Chilena. See also * Crisis of 1982 References {{DEFAULTSORT:Castro, Sergio de 1930 births Living people Ministers of the military dictatorship of Chile (1973–1990) 20th-century Chilean economists Chilean anti-communists Chilean Ministers of Finance Chilean Ministers of Economy People from Sant ...
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Jorge Cauas
Jorge is a Spanish and Portuguese given name. It is derived from the Greek name Γεώργιος (''Georgios'') via Latin ''Georgius''; the former is derived from (''georgos''), meaning "farmer" or "earth-worker". The Latin form ''Georgius'' had been rarely given in Western Christendom since at least the 6th century. The popularity of the name however develops from around the 12th century, in Occitan in the form ''Jordi'', and it becomes popular at European courts after the publication of the ''Golden Legend'' in the 1260s. The West Iberian form ''Jorge'' is on record as the name of Jorge de Lencastre, Duke of Coimbra (1481–1550). List of people with the given name Jorge * Jorge (footballer, born 1946), Brazilian footballer * Jorge (Brazilian singer), Brazilian musician and singer, Jorge & Mateus * Jorge (Romanian singer), real name George Papagheorghe, Romanian singer, actor, TV host * Jorge Betancourt, Cuban diver * Jorge Campos, Mexican football player * Jorge Cant ...
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1973 Chilean Coup D'état
The 1973 Chilean coup d'état Enciclopedia Virtual > Historia > Historia de Chile > Del gobierno militar a la democracia" on LaTercera.cl. Retrieved 22 September 2006. In October 1972, Chile suffered the first of many strikes. Among the participants were small-scale businessmen, some professional unions, and student groups. Its leaders – Vilarín, Jaime Guzmán, Rafael Cumsille, Guillermo Elton, Eduardo Arriagada – expected to depose the elected government. Other than damaging the national economy, the principal effect of the 24-day strike was drawing Army head, Gen. Carlos Prats, into the government as Interior Minister, an appeasement to the right wing. (Gen. Prats had succeeded Army head Gen. René Schneider after his assassination on 24 October 1970 by a group led by Gen. Roberto Viaux, whom the Central Intelligence Agency had not attempted to discourage.) Gen. Prats supported the legalist Schneider Doctrine and refused military involvement in a coup d'état against P ...
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Jorge Alessandri
Jorge Eduardo Alessandri Rodríguez (; 19 May 1896 – 31 August 1986) was the 27th President of Chile from 1958 to 1964, and was the candidate of the Chilean right in the crucial presidential election of 1970, which he lost to Salvador Allende. He was the son of Arturo Alessandri, who was president from 1920 to 1925 and again from 1932 to 1938. Early years Jorge Alessandri was born in Santiago. He studied at Instituto Nacional General José Miguel Carrera, prestigious public high school of Santiago, and University of Chile, and after graduating in 1919 worked there as a lecturer. After the fall of the parliamentary republic, he lived in European exile with his parents from 1924 to 1925, but returned to his native land where he was elected to parliament as an independent from a Santiago constituency in 1926. He withdrew from public life in 1932 to concentrate on business interests, becoming president of the mortgage bank, ''Caja de Crédito Hipotecario'' until 1938 and r ...
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