OECD Economic Surveys: Chile 2021

Description

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