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What economic system does Chile have and how does it work?

Chile has a market-oriented economy  (free market) characterized by a high level of foreign trade and a reputation for strong financial institutions and sound policy that have given it the strongest sovereign bond rating in South America.  ("Chile Economy - overview", 2017, p.1)

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The five most recent presidents of Chile in 2010

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The five most recent presidents of Chile in 2010

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What type of Government structure does Chile have and how does it work?

Chile's government is a representative democratic republic. The President serves as the head of both the state and the government.

(Pariona, 2016, p. 1)
__________________________________President of Chile,
Michelle Bachelet

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What are 5 major characteristics of Chile's economic system?

Future Growth

Growth should pick up notably next year thanks to greater mining investment, expansive monetary policy and healthy private consumption growth. ("Chile Economy - GDP, Inflation, CPI and Interest Rate",  2017, p. 2)

Statistical Analysis

Chile ranks #10 on the Index of Economic Freedom. The GDP is worth $422.4 billion in U.S dollars, which is a 2.1% growth and $23,460 per capita. The unemployment rate is 6.4% and the inflation is 4.3%. ("Chile Economy: Population, GDP, Inflation, Business, Trade, FDI, Corruption", 2017, p.1)

Exports

Chile's primary export commodities include copper, fruit, fish products, paper and pulp, wine and chemicals. ("Chile Trade, Exports and Imports", 2010,  p. 3)

Imports

Chile's primary import commodities include fuel oil, civilian aircraft and parts, petroleum products, and computer accessories. ("Chile Trade, Exports and Imports", 2010,  p. 4)

Worldwide Trade Partners

These are the top 5 worldwide trade partners of Chile (Workman, 2017, p.1)

1. China: US$16.3 billion (28.2% of total Chilean exports)

2. United States: $8.2 billion (14.2%)

3. Japan: $5 billion (8.7%)

4. South Korea: $4 billion (7%)

5. Brazil: $2.9 billion (5%)

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How does history, ideology, values, and culture influence the choice of government for Chile?

History

Spanish conquistadors began to colonize the region of present-day Chile, and the territory became a colony between 1540 and 1820, when it gained independence from Spain. ("History of Chile", 2017,
p. 1)

I believe that because of the colonization of the region, they wanted a free government where they could have a voice.

Ideologies

As of September 2017 there are 28 legally constituted political parties in Chile ("List of political parties in Chile", 2017, p.1)

I believe that because of the number of political parties there are, all citizens need a voice and a representative.

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What are 5 major characteristics of Chile's government system?

Branches of Government

The Constitution establishes three independent branches: the Executive, the Legislative, and the Judicial. ("Government and state of Chile", 2011, p. 1) This is similar to our government in the U.S!

Leadership

The President is responsible for both government and state administration in Chile.The term length is four years. A president is not eligible for re-election immediately ("President of Chile", 2017, p.1)

Basic Rights of Citizens

Citizens of Chile have many rights and freedoms, just like citizens of the U.S. The rights in Chile are very similar to the rights in the U.S, But here are some that stood out to me: Protection of refugees,
LGBT rights, and Internet freedom.

Major Political Parties

As of September 2017 there are 28 legally constituted political parties in Chile. ("List of political parties in Chile", 2017, p.1)