| November 2000 • Vol. 13, No. 1
Premier Investment and Lifestyle Expedition to Chile After the military took over the government in September 1973, a period of dramatic economic changes began. Chile was gradually transformed from an economy isolated from the rest of the world, with strong government intervention, into a liberalized, world-integrated economy, where market forces were left free to guide most economic decisions. This period was characterized by several important achievements: inflation was greatly reduced, the government deficit was virtually eliminated, the foreign sector of the economy went through a dramatic liberalization, and a strong market system was established. Globalization has been a central feature in Chile's economic strategy. Exports grew from US$8.4 billion in 1990 to US$15.3 billion in 1996, while investment flows have expanded 28% a year on average since 1990. Since 1991 Chile's economy has been growing at the average rate of over 6% per annum in real terms, making it the fastest growing economy in the Americas. Total GDP is US$50 billion. The Chilean unemployment rate and inflation are among the hemisphere's lowest. Chile's political and economic success has been so profound that many Washington insiders believe Chile will be the next country to be considered for membership in NAFTA (along with Canada, Mexico and the United States). The country has been running a trade surplus with the rest of the world since 1982, which has helped to stabilize the Chilean currency. Secret treasure Real estate along Chile's 2650-mile coastline is still some of the cheapest in the world. Wages are low compared to industrialized countries, with average annual income levels in the mid US$3000 range. One half of the 14 million population is under the age of 24, providing for a strong, well-educated labor pool. The roads, telecommunications and public utilities offer one of the best infrastructures in Central and South America, with reasonable prices driven by a privatized economy. The outlook for copper prices, market liberalization and increased shareholder protections, the economic forecast and the proactive government of President Ricardo Lagos makes Chile an ideal place for investment and retirement opportunities. We'll be in Chile for nine days visiting a copper mine, the free trade zone, vineries and much more! Not only that, but you'll make some great business contacts like I did while on this tour. You can take this as a separate tour, or join us after Chile on our trips to Argentina and Uruguay as well. We sold out this tour in 2000! So call early to reserve your space. To reserve your place on this fantastic expedition or to get more information, simply fill out our online form. Or call Agora Travel at (800) 926-6575 or (561) 243-6276.
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