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| Ministerio de Comercio e Industria de Chile; Chilean Ministry of Trade and Industry | |
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| Tweet Topic Started: Nov 13 2013, 09:54 AM (264 Views) | |
| philly_boy | Nov 13 2013, 09:54 AM Post #1 |
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[align=center] [/align]The Ministry of Commerce and Industry of the Republic of Chile, interested in attracting as much international investment as possible for our nation, will publish a report on the state of the economy approximately every decade. Chile believes in targeted investment, and so possible future investors should read the Chilean government's reports on the economy and invest according to the needs of Chile and her people. Sustainable industrial development rests upon this principle, as it is important for the Chilean industrial basis to consume raw materials available within Chile rather than imported ones. [align=center] ![]() GDP, Consumption, Exports and Imports in 1853 and 1863.[/align] The first graph produced by the Ministry represents four aspects of the Chilean economy compared between 1853 and 1863: Gross Domestic Product (GDP), Consumption, Exports and Imports. Each of these will be examined individually. 1. GDP: Chile's GDP between 1853 and 1863 declined by a total of £11 (-3.9%). The recession (along with the rise in unemployment in the agricultural sector) were caused by the the previous, economic Liberal administration of Chile. It is estimated that much of the Chilean industrial basis collapsed after the Liberal electoral victory, and by the time that President Pérez was elected to office, Gross Domestic Product stood at an all-time low. President Pérez's actions have largely restored Chilean GDP to its pre-crisis levels, and economic growth is expected to remain high as long as the Partido Conservador is in power. Further, the on-going war with Bolivia, which has seen the conscription of males across the provinces, has contributed to the decline of GDP. 2. Consumption: Consumption also saw a large decline in the last decade. The Ministry estimates that this was caused, as with the decline of GDP, by the economic liberal policies of the previous government and the war in Bolivia. 3. Exports: Between 1853 and 1863 exports grew by almost 50%, from £120 to £221. This equates to an annual growth rate of approximately 5%. 4. Imports: Thanks to a decline in imports and a rise in exports, Chile's trade balance is currently positive as the country exports more than it imports. [align=center] ![]() Components of the Chilean economy in 1863.[/align] The second graph created by the Ministry breaks down Chilean GDP, Exports and Imports by sector and commodity. Most of Chile's economic output is in the secondary (manufacturing) sector, at 78% of the national economy, followed by 22% which falls within the primary (agricultural) sector. Similarly, the secondary sector accounts for 85% of Chilean exports but only 24% of Chilean imports. The primary sector accounts for 15% of Chilean exports and 76% of Chilean imports. Chile produces £94 worth of furniture and £68 worth of paper, but the most striking of Chilean products, and a showcase of Chilean efforts towards industrialisation, is the £30 worth of steel that the country's industrial base produces - ranking it third in the country. In order to sustain this, Chile imports £18 worth of iron, while it also produces £7 (ranked 8th in Chile). Timber and lumber are Chile's greatest imports, fuelling its furniture and paper industry respectively. Lack of coal deposits also mean that Chile imports £13 worth of coal. [align=center] [/align]In recent decades, Chile's railway network has expanded greatly thanks to the investment of foreign powers. Currently, most of the Chilean territories have railway connections with the capital. Seen as a "safe" investment, the Ministry of Commerce and Industry strongly encourages powers to invest in Chilean infrastructure, as this will in turn help Chile's growing industry. |
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| Magister Equitum | Nov 13 2013, 02:34 PM Post #2 |
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[align=center] [/align]Note: "when tabulation" should read "when tabulating" |
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| icendoan | Nov 13 2013, 04:35 PM Post #3 |
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We are interested and grateful to read this publication. What is interesting, is that despite the recession, that has been seen to be from premature liberalisation of Chilean industry, is that production is up, and the trade balance has been found, and is in a small surplus. While we can see that consumption is still down on 1853 levels, we can see that the majority are employed, and profits of industry are rising, and wages following them. This is overall, a very hopeful sign, and Chile is retaking its place and continuing on its road of increased industrialisation and living standards. If there is any option that we can recommend, it would be to loosen taxes, and use it to stimulate consumption and local living standards.
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| philly_boy | Nov 15 2013, 11:01 AM Post #4 |
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[align=center] [/align]It has, in the past, been suggested to the government of Chile that taxes should be lowered. Although Señor Pérez's administration agrees with this in principle, the predicament in which Chile finds herself at present (with only £38 in the national treasury and a national debt well over £3000) is the result of lowered taxes under the previous (Liberal) administration. [align=center] [/align]The graph above illustrates the current (wartime) Chilean effective tax rate. It is universal for all classes of society, and is aimed at financing the Third War of the Pacific. In such times, every Chilean must contribute to the maximum for the liberation of those parts of South America still living under tyranny. The 28.99% effective tax rate which the government has applied, and will continue to apply for the duration of the war, has brought the budget into a slight surplus. Tariffs are also set to 100% for the time being. The rest of the graph illustrates Señor Pérez's proposal for the Chilean tax system following the end of the war. The lower classes of society will be taxed at a 15.0% rate, followed by 20.0% for the middle classes. The upper classes, vital to the industrial expansion of Chile, will be taxed at a 8.0% rate until such a time when their profits are great enough to allow for higher (and fairer) taxation while still allowing for generous profits. Tariffs will also be lowered to 0.0% until such a time when generous profits can be made from them (a maximum of 10.0%). The government of Chile is open to other suggestions, if the Bank or the Clausewitz Institute have any to offer. |
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| Seleukos | Nov 15 2013, 11:19 AM Post #5 |
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The Spanish Empire, after reviewing the Chilean economic reports, we will, under Chile's acceptance, give assistance by subsidizing the Chilean war effort. This will only happen if Chile wants it, if not there is no harm to our relations. Also, we support Chile against the Peruvian threat of domination over South America, as they wish to reestablish the former Viceroyalty of Peru, this we cannot and will not allow. Signed, Spanish Diplomatic Corps. |
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| philly_boy | Nov 15 2013, 12:06 PM Post #6 |
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[align=center] [/align]Chile sees no problem with receiving funds from the Spanish Empire. We thank you for your financial support of our war effort. With regards to foreign policy, please contact us through the right channels, on the Chilean embassy. The Chilean government also sent a proposition to the Spanish government approximately a week ago, for which we have not received a reply. |
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| philly_boy | Dec 5 2013, 04:52 AM Post #7 |
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[align=center]![]() Fábrica de Municiones Salazar-Pinto in Santiago[/align] The Ministry of Commerce and Industry is happy to announce the latest publication regarding the economy of Chile. The Ministry has found that in past decade, Chile has grown faster than any other developed nation in the world, which the Ministry has dubbed the "Chilean Industrial Miracle". Under the leadership of Señor Pérez and Señor Garmendia, who succeeded Señor Pérez in the leadership of the country with his Partido Nacionalista and is the current President of Chile, many of the hardships facing the Chilean economy have been overcome, and prosperity has returned to the nation. The expansion in previously-Argentine lands rich in natural resources important to Chile has also aided in the increase of economic activity, although not significantly, and the loss of Arequipa to the rogue nation of Peru has left Chile untouched. Chile's participation in the German Common Market allows Chile to important cheap resources from the German Empire. Chile's landscape has changed considerably over the past decade. Although the number of factories has not dramatically increased (indeed, the number of factories in Brazil increased more than it did in Chile) the number of people employed in factories of major economic significance has skyrocketed. Large factories like the Fábrica de Municiones Salazar-Pinto in Santiago and the Astilleros de Hernández-y-Parra in Valparaíso have greatly increased the Chile's ammunitions and shipbuilding production respectively. The new facilities have dotted the landscape of large Chilean towns like Santiago, which has nothing to be jealous of in a highly-industrialised German town. [align=center] ![]() GDP, Exports, Imports and Gold Income between 1873 and 1883[/align] The country's proudest achievement in the past decade has been the unexpectedly-high rise in Gross Domestic Product. The total production value of Chile skyrocketed from £339.0 (30th) to £2,940.0 (16th), an increase of 767%, or approximately 76.7% per year. The Ministry feels that it is as close to a miracle as one can get, since for the past decade the nation's economy has nearly doubled every year. GDP per capita also increased from £78.05 (approximately 502.0% or 50.2% each year) meaning that despite the large increase in population between 1873 and 1883 (+43.0%) the GDP per capita has doubled every two years. The Ministry reports that Chile has the world's second-highest GDP per capita, after Switzerland. Imports/Exports have also seen a sharp increase, in harmony with the sharp rise in economic output. In particular, exports grew from £146.0 to £2,191.0 (+140.0% per year) and imports from £0.0 (due to the economic decline of the previous decade, 1863-1873) to £903.0. Chile now has a healthy trade surplus of £1,142. Gold income also increased from £72.0 to £113.0 (+5.7% per year). Chile's highly profitable ammunitions industry alone accounts for 40% of the Gross Domestic Product, with Chile being one of the top 5 producers of ammunitions and the top exporter, with over 90% share in ammunitions exports. Although the importance of the ammunitions industry is likely to decline, Chile's rise as a major industrial power -one of the top 20 economies of the world- has left an air of optimism to the nation. The fact that Chile is now toe-to-toe with the economic might of Spain, just one stop above Chile, has further reinforced the national sentiment in Santiago and throughout the nation's domains. [align=center] [/align]The rise in economic output has altogether elevated Chile's economic standing in the world. Chile is, as of 1883, the world's 16th largest economy, ranked just one spot below its former colonial master, Spain. Further, it is the world's second-most-prosperous country as measured by GDP per capita, ever overshadowing its German ally. The international investment by Germany has, in particular, been of great help to the Chilean industrial miracle, and the Ministry would like to take this opportunity to thank Germany for its support. Other factors that have helped Chile to achieve this level of economic growth have been the relatively slow growth of the other American economies compared to Chile (Mexico 8.7% per year, the United States 7.9%, Brazil 2.4%) with the exception of Peru, which grew by an average of 28.7% per year but still behind Chile's astonishing 76.7%. In the future, Chile hopes that foreign powers will cooperate with the national government in investing in important industries such as steam convoys and machine part factories, so that Chile may continue to prosper in economic development. Further, the Ministry feels that it is important for foreign investors to take note of Chile's domestic production when building factories, so that those investments may be profitable and not burden the national government with unnecessary subsidies for imports of raw materials. If potential investors have questions with regards to investments in Chile, feel free to contact the Ministry for specific information. |
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| icendoan | Dec 5 2013, 08:01 AM Post #8 |
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The DPRUN is astounded at the effect industry has wrought on Chile, and the benefits it has brought. We are similarly impressed by the good GDP per Capita, which suggests that the Chilean worker is better than ever before!
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1:52 AM Jul 11