...Chile by History: Chile was founded and gained independence from Spain on September 18, 1810. Spanish Conquistadors began colonizing in the region in 1540. Flag: The flag is red, white and blue with a star. Blue means the sky, white means the snow on the Andes, and red is the blood from fighting for freedom. The star is a representation of the powers of the government. Where Located: The bodies of water surrounding chile are mostly south Pacific ocean but the bottom tip is in the south Atlantic ocean. The neighboring countries are Peru, Bolivia, and Argentina. Due to its long coastline Chile has many different climates. The north has dry hot temperatures, the central is more of a mediterranean climate, and in the south it is more colder and damp....
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... The Chilean economy faced a very important challenge when the price of copper dropped in 2008 cause of the global meltdown. Considering Chile is the largest producer of copper in the World, satisfying 36% of global demand, the fast fall down on the prices of the commodity put in alert its economy. Chile has the 28% of cooper reserves worldwide and represents a 14,2% of its GDP and also 57% of its exportations with an amount of U$D 49 billon. Codelco is a Chilean state owned copper mining company, it is currently the largest copper producing firm in the world and produced around 1.66 million tonnes of the metal in 2007, 11% of the world total. According to that situation, the Minister of Finance, Dr. in Politic Economics from Harvard University, Andrés Velasco, acted proactively looking for accurate solutions trying to prevent the effects of the international crisis. The economic crisis of 2008-2014 began in 2008 and it was originated in United States. Among the main factors that caused the crisis were: economic deregulation, high prices of raw materials due to high global inflation, overvaluation of the product, global food and energy crisis and the threat of a worldwide recession, as well as a loan, mortgage and market confidence crisis. Reaction to the Crisis It was impossible to say or think that Chile would...
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...opportunities in Chile The Republic of Chile is a country located in South America. It is on the west side where it meets with the Pacific Ocean, and it narrowly extends meeting with the borders of Peru, Bolivia and Argentina in the east. Chile is the 38th largest country in the world, it has 756,096 km2. In Chile the official language spoken is Spanish. The country is full of natural resources, the most known ones are copper, nitrate and timber, and thus those are being the ones most exploited. But we live in a world that is in constant changing, and nowadays everything is becoming more and more technological and green. Which is why everyday the demand for batteries is increasing, pretty much anything we use nowadays has a battery. The main resource used in the fabrication of such is lithium, but lithium is not easy to find, not many countries have such resources, but Chile does. To better understand the business opportunity it is important to look at Chile’s economy: GDP (PPP) | $335.4 billion | GDP per Capita | $19,100 | Unemployment | 6% | Corporate Tax Rate | 20% | Income Tax Rate | 40% | GDP growth Rate | 4.2% | Poverty Rate | 11% | Inflation Rate | 1.7% | Exports | 81.411 billion | Imports | 70.619 billion | Minimum Wage | 225,000 pesos or 360 US $ | Literacy Rate | 98% | Life Expectancy | 78 years | Population | 17,819,054 | Labor Force | 8.3 million | Current mining situation in Chile: As it is seen from the table, Chile exports more...
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...Chile is located in South America, bounded on the east by the Andes, the world's longest mountain range, and the Pacific Ocean on the west. Peru borders Chile on the North; Bolivia forms the northeast border. Chile’s size is roughly similar to Turkey, considering only the continental territory. Chile includes three geographical zones. The first is so-called continental zone, which includes territory from the west coast to the high mountains in the east. Chile’s continental zone is a long and thin strip of 4,270 kilometers-length and 445 kilometers-width at its widest point. As the Nobel-Prize poet, Gabriela Mistral, lyrically pointed out, Chile “comes to seem like a beach between the mountains and the sea, a parenthesis whimsically set between...
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...Sintetos Alex Vela ECON317 Sec:0301 Chile Chile has been one of the most studied economies in recent history due to its impressive feats during global recessions. Being a small, copper export dependent economy until the 1980s, Chile often went under the radar on the global marketplace. Due to policy changes starting in 1985 and a political regime change in 1990, Chile began to thrive. Chile now boasts an economic model which encourages economic freedom, competitiveness, and investment. This model has allowed for Chile to have the highest per capita income in Latin America. Although Chile has had successes with its economy, it is still considered a developing country. Large efforts have been made for the past century to secure development. While these efforts have brought Chile closer to its goal, high inequality and a relative dependency on copper prices has made it difficult for any of these efforts to have a final impact allowing for the actual transition to developed status. This paper analyzes the timeline of Chile’s economy, focusing specifically on the period of high growth of 1985 to present day and any recessions that fell between these dates. It also aims to highlight the successes and failures of the policy reforms of the past as a way to determine what will be effective in the future for allowing Chile to achieve its goal of development. Before the arrival of the Spanish in the 1500’s, the Inca ruled the northern part of Chile while the Mapuche inhabited the central...
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...Diversity Management in Chile. When reading the chapter "The Doing Perspective On Gender and Diversity" I could not help to notice the similarity between what was written and the actual Chilean scenario. This brought to my head the idea that, by studying the Diverse Management and the Inclusion in Companies, in the future I could make a change in the processes that enable this behaviors. This is why the reading was important to me and in the following lines I will explain what is the reality in Chile and what could be achieved by implementing the good practices in matters of inclusion and non-discrimination. I should start by saying what do I mean with "the simmilarities". Chile, as Germany according to the book, has a conservative patriarchal culture in which the man is the "provider" of the house while the women is the one in charge of taking care of the family. But times have changed and the Chilean society claims to have changed too. Legislations for non discrimination between sexes have been proclaimed, and these days, women should work. Also the existance of laws of paternity leave for both, mother and father, leads to think that we are like the nordic countries where the difference in salaries is nonexistent. But this does not happen. In Chile the biggest labor discrimination is against women who receive the 73% of a man's salary according to UNIFEM. In the World Economic Forum's Competitive Index, Chile is ranked 106 in the category of “Participation of Women in...
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...Part One: The Chile Wine Industry The Chilean wine industry has experienced various transformations over the past 30 years – its quality revolution led by the complete technological renovation during the 1980s, the export boom of the 1990s, and the new terror developments during the 2000 decade. This transformation has allowed a new generation of talented viticulturists and winemakers to capitalize on Chile’s viticultural paradise and to produce World Class Wines of unique character and personality. Chile is the world’s eighth largest wine producer and the fifth largest exporter, reaching a market share of 8% by volume of the global international wine market at the close of 2010. However, and most importantly, Chile exports 70% of its wine production, making it the world’s most globalized wine industry, with great flexibility, innovation and a long-term commitment to quality and service. With 150 destination countries and 1.5 billion consumers for each year, Chilean wines are positioned as the country’s most emblematic and best known world ambassador. In the late 1970s and early 1980s, Chileans adopted advanced technology and invested in new machinery for optimizing the winemaking process in the field. The winemaker offered an innovative higher-quality product that was conducive to the development of new wine varieties. Later producers also perfected their wine cellars and invested in better labels and packing, such as boxes, bottles and cartons, that were more attractive to...
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...Chile Compared to the United States United States Chile Location: Southern South America, bordering the South Pacific Ocean, between Argentina and Peru. Total Land: 756,102 sq. km Coastline: 6,435 km Terrain: Low coastal mountains; fertile central valley; rugged Andes in east Climate: Temperate; desert in north; Mediterranean in central region; cool and damp in south. Border Countries: Argentina 5,308 km, Bolivia 860 km, Peru 171 km Notes: * the longest north-south trending country in the world. * Atacama Desert - the driest desert in the world - spreads across the northern part of the country. * The crater lake of Ojos del Salado is the world's highest lake (at 6,390 m). Natural Advantages: Natural Disadvantages: Severe earthquakes; Active volcanism; Tsunamis * Volcanism - significant volcanic activity due to more than three-dozen active volcanoes along the Andes Mountains; Lascar (elev. 5,592 m), which last erupted in 2007, is the most active volcano in the northern Chilean Andes; Llaima (elev. 3,125 m) in central Chile, which last erupted in 2009, is another of the country's most active; Chaiten's 2008 eruption forced major evacuations. Population Ethnicity * Total Population: 17, 067,369 (July ’12 est.) Religion Age Structure Notes * Literacy Rate: 95.7% * Average Life Expectancy:...
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...Country Profile: Chile Chile was under Inca rule before the Spanish arrived there in the 16th Century. Chile claimed their independence in 1810 but never had a decisive battle over the Spanish until 1818. Between the years of 1879 and 1883 Chile defeated Peru and Bolivia where it won it’s northern regions in a War of the Pacific. Chile has undergone a series of elected Governments. In 1973 a three year Marxist Government was overthrown in a coup led my Augusto Pinochet. Pinochet led the Country until 1990 when a new freely elected president took over. Chile has had great economic growth since the 1980’s. They had secured a sound Government, economic growth and reduced their poverty rate by half. Chile is committed to a democratic and representative Government. Chile has also increased it’s International Leadership roles benefiting it as a stable and Democratic Nation. Chile is located in Southern South America bordering the South Pacific Ocean between Argentina and Peru. It’s coordinates are 30 00 S, 71 00 W. Chile’s entire size is 756, 102 sq. km or 292,000 sq. miles which is slightly smaller that twice the size of Montana, making the Nation 38th overall in world ranking. It is surrounded by 743, 812 sq. km of land and 12, 290 sq. km of water. Chile borders three countries, Argentina, Peru and Bolivia and is the longest Country in the world. It’s climates are desert in the North, Mediterranean in the Central and damp and cool in the South. Antacama desert...
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...CASE STUDY: “LEADING THE RESCUE OF THE MINERS IN CHILE†COURSE: LDP 604 DESIGN PLANNING AND IMPLEMENTATION NAME: WAIGURU LEILA WANJIRU REGISTRATION NUMBER: L50/76280/2014 AN ASSIGNMENT SUBMITTED IN PARTIAL FULFILLMENT FOR REQUIREMENT FOR THE AWARD OF DEGREE OF MASTERS OF ARTS IN PROJECT PLANNING AND MANAGEMENT. 3RD NOVEMBER, 2014 Chilean Miners’ Rescue On 5th August, 2010 Chile hit the headlines with 33 miners drilling 2300 feet below the surface in a copper and gold mine in Atacama Desert, 800 kilometres North of Chile’s Capital Santiago were trapped by a massive cave- in. Chilean Mining Minister, Laurence Golborne, who had accompanied President, Sebastian Pinera, on a state visit to Quito, Ecuador, got the news at 11pm shortly after their arrival. Golborne informed the president the following morning and flew to Santiago via Peru on commercial flights then took a Chilean Air force flight to Copiapo before a 45-kilometre drive to the mine, arriving on August 7. Golborne, an engineer and entrepreneur, was recruited by the business friendly president who was inaugurated in March 2010 after success as Chief Executive of Censoud A, a large Chilean retail firm. Just 4 months in office with no mining background, Golborne took charge of a widely viewed disaster recovery effort. 69 days later, all 33 miners were rescued. Crew Foreman Luiz Urzua led the 33 trapped miners to form a small society to ration food, preserve morale, and protect their scarce resources. A surface...
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...Global Immersion Trip Chile A Report by Vinod Jayakumar Traditional MBA 2013 Pre-trip Excited about visiting a South American country for the first time, I started my journey to Santiago De Chile from Miami on March 2nd, 2012. To start with, I was skeptical about the quality of a Chile based airline. But, I was amazed by the excellent service provided by LAN airlines. My perception about a Chilean company changed then and there. Also, prior to my flight I doubted whether the officials in the flight will understand English (even though we were assured by the Professor that there wouldn’t be language problems during the travel) and my doubts didn’t fructify. In fact, the quality of the food given to us in the plane set up a high expectation for my one-week long stay at Santiago. Day One After watching the Pirates of the Caribbean – At World’s end, a movie which I have been craving to watch for a long time, and a couple of hours of pleasant flight, we landed in Santiago on time. As soon as the automatic door swung open letting me in to the airport, I noticed a group of people standing before a counter that was used to collect a reciprocity fee. The notice board before the counter showed “US - $140”. As I didn’t fully understand what a reciprocity fee is and since I was coming in to the country from US, I stood at the back of a very short line counting my $140. When my turn came, I was pleasantly surprised to find out that it applies only to US Citizens and that it...
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...Leading the Rescue of the Miners in Chile Disaster struck on August 5, 2010. Thirty-three miners, drilling 700 meters (2,300 feet) below the surface, were entombed by a massive cave-in. They had been working in a medium-sized copper and gold mine beneath the moonlike wilderness of the Atacama Desert near the city of Copiapó, Republic of Chile (Chile), some 800 kilometers (500 miles) north of the country’s capital, Santiago. Chilean Mining Minister Laurence Golborne had arrived in Quito, Ecuador, at 9 p.m. that same day with Chilean President Sebastián Piñera on a state visit. At 11 p.m., Golborne’s smart phone came to life with a message whose brevity spoke urgency: “Mine cave-in, Copiapó; 33 victims.” Golborne informed the president the next morning and flew on commercial air flights to Lima, Peru, and then to Santiago. He then took a Chilean Air Force (FACH) flight to Copiapó, and, from there, he was driven some 45 kilometers to the mine, finally arriving at 3:30 a.m. on August 7. Piñera, a business-friendly Chilean president inaugurated on March 11, 2010, had recruited Golborne, an engineer, entrepreneur, and corporate executive, to serve as Chile’s minister of mines. Golborne had served as chief executive of Cencosud S.A., a large retail firm, and under his leadership, the company had increased annual sales ten-fold, entered the Brazilian, Colombian, and Peruvian markets, and opened two new business lines, including financial William and Jacalyn Edgar Professor of Management...
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...Taylor Covert (3/9/16)- ISP Country Analysis Report I. Country Introduction: Chile v. Peru Extending 2,880 miles down the western coast of South America, between the Pacific Ocean and the Andes mountains, is the remarkably slender country known as Chile. Due to its large geographical scale, encompassing 38 degrees in latitude, Chile has a range of climatic zones, from the arid Atacama Dessert in the north to the subtropical regions in the south. These diverse climates and topographies provide Chile with a wealth of natural resources including timber, iron ore, hydropower and most prominently, copper, an element known for its inherent ductility and electrical conductivity. Beginning in the mid 1960s, concurrent with China’s exploding GDP growth rate, the value of copper in the modern industrial market place began to soar due increased global demand. Chile, whose copper reserves account for 28% of the world’s total supply, experienced the positive economic impact from this increased demand, as seen through the country’s GDP growth of over 400% between 1970 and 2014, adjusting for inflation, (Appendix 1). Coupled with the solid GDP growth over the last 45 years, Chile was also able to establish strong institutions, an efficient government with relatively low levels of corruption, and solid macroeconomic stability, which subsequently established Chile as the most competitive economy in Latin America according the 2015 Global Competitiveness Report (GCR) (Appendix 2). Directly...
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...CASE STUDY: “LEADING THE RESCUE OF THE MINERS IN CHILE” COURSE: LDP 604 DESIGN PLANNING AND IMPLEMENTATION NAME: WAIGURU LEILA WANJIRU REGISTRATION NUMBER: L50/76280/2014 AN ASSIGNMENT SUBMITTED IN PARTIAL FULFILLMENT FOR REQUIREMENT FOR THE AWARD OF DEGREE OF MASTERS OF ARTS IN PROJECT PLANNING AND MANAGEMENT. 3RD NOVEMBER, 2014 Chilean Miners’ Rescue On 5th August, 2010 Chile hit the headlines with 33 miners drilling 2300 feet below the surface in a copper and gold mine in Atacama Desert, 800 kilometres North of Chile’s Capital Santiago were trapped by a massive cave- in. Chilean Mining Minister, Laurence Golborne, who had accompanied President, Sebastian Pinera, on a state visit to Quito, Ecuador, got the news at 11pm shortly after their arrival. Golborne informed the president the following morning and flew to Santiago via Peru on commercial flights then took a Chilean Air force flight to Copiapo before a 45-kilometre drive to the mine, arriving on August 7. Golborne, an engineer and entrepreneur, was recruited by the business friendly president who was inaugurated in March 2010 after success as Chief Executive of Censoud A, a large Chilean retail firm. Just 4 months in office with no mining background, Golborne took charge of a widely viewed disaster recovery effort. 69 days later, all 33 miners were rescued. Crew Foreman Luiz Urzua led the 33 trapped miners to form a small society to ration food, preserve morale, and protect their scarce resources. A surface team numbering...
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...Compañia de Teléfonos de Chile (CTC) is a telecommunication company based in Chile. By the late 1980s, Chile did not have a broad telecommunications network. The country ranked only 12th out of 24 Latin American and Caribbean nations. They were a state-owned corporation that experienced a below average record for servicing customer needs. Hundreds of thousands of potential customers had been on the waiting list for service for several years. Due to the underdevelopment of telecommunications, need for expansion and a mediocre record at servicing customers’ needs, was evidence that the privatization of CTC was an unavoidable option for the Chilean government. In 1987 government put CTC up for bid to attract a firm that would be able to expand, modernize and improve their telecommunications network, and also offer them some financial security. Bond Company submitted an all-cash bid of $114.8 million for 151 million shares of CTC’s stock and was accepted. By 1988 Bond owned 49.5% of CTC stock. They planned to increase the number of service lines, add cellular service and high-speed data transmission networks. Why does CTC need funds? Are internal funds sufficient to meet the needs? Can CTC raise funds in its own country? What are the potential sources of funds in Chile? In April of 1990 CTC had embarked upon an aggressive expansion program that required substantial capital resources putting the company into a financially challenging dilemma. The expansion program...
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