OECD Economic Surveys: Chile 2021

Basic statistics of Chile 2019......Page 10
Executive summary......Page 11
The social protests and the COVID-19 outbreak put the economy to a halt......Page 12
Avoiding hysteresis effects on inequality after the outbreak......Page 13
Closing productivity gaps to support the recovery, notably through digitalisation......Page 14
1 Key policy insights......Page 16
The Chilean economy entered into recession driven by the COVID-19 outbreak......Page 21
Financial stability remains well preserved but the outbreak poses unprecedented risks......Page 26
Resurgence of the pandemic and social tensions are the main risks to the outlook......Page 27
Monetary policy is appropriately accommodative......Page 29
Chile’s fiscal position remains strong......Page 30
Avoiding hysteresis effects on inequality after the outbreak and building a stronger middle class......Page 33
Economic vulnerability is a brake to inclusive and sustainable growth......Page 34
Spending on education should focus more on early levels......Page 36
Raising equality of opportunities through labour market inclusion......Page 39
The tax and transfer system can be a strong catalyst for reducing inequality......Page 42
More inclusive health care services......Page 46
Closing productivity gaps to make mid-size firms thriving and support the recovery......Page 49
The regulatory environment inhibits competition......Page 50
Improving exit policies......Page 54
Public procurement must ensure a level playing field for SMEs......Page 55
Continuing to decouple economic growth from environmental impacts......Page 60
References......Page 63
2  Making digital transformation work for all in Chile......Page 65
Fostering infrastructure deployment to boost connectivity......Page 67
Closing digital divides......Page 71
Empower people with the right skills to succeed in a digital world......Page 74
Enhancing foundational skills and developing digital skills in schools......Page 75
Developing ICT specialists......Page 78
Mobilise the private and public sector for digital innovation......Page 82
Boost adoption and diffusion of digital tools in firms, especially small and medium-sized......Page 86
Promote start-ups and young firms......Page 92
Prepare for changes in international trade......Page 95
Monitor competition to avoid the concentration pitfall......Page 97
Digital transformation creates new jobs, but is also challenging 50% of the existing ones......Page 98
Promote job quality to cope with emerging forms of work......Page 105
Improve social protection to leave no-one behind......Page 108
Chile is facing an important training challenge......Page 109
The momentum on digital government must continue......Page 113
Digital security capacity must be stepped-up......Page 114
Establish an interoperable privacy framework......Page 115
References......Page 119