Keeping Animal Spirits Asleep : The Case of Chile
Chilean legislation is quite conservative, especially compared with international practice. However, its application has not been free of criticism, and it proved necessary to seek mechanisms that combine limitations set forth in the GATT/WTO regulations and others self-imposed by Chilean law. Legis...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/05/5800562/keeping-animal-spirits-asleep-case-chile http://hdl.handle.net/10986/8243 |
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okr-10986-82432021-04-23T14:02:42Z Keeping Animal Spirits Asleep : The Case of Chile Sáez, Sebastián ABSOLUTE TERMS ACCESS TO INFORMATION AD VALOREM AGRICULTURE ANTI-DUMPING DUTIES ANTI-DUMPING DUTY ANTI-DUMPING MEASURES ANTIDUMPING AUTONOMY AVERAGE TARIFF BALANCE OF PAYMENTS BILATERAL AGREEMENTS BILATERAL TRADE BOUND TARIFF CAPITAL GOODS CENTRAL BANK COMPENSATORY ADJUSTMENTS CONTINGENT PROTECTION COUNTERVAILING DUTIES COUNTERVAILING DUTY COUNTRY OF ORIGIN CURRENCY CUSTOMS DUTIES CUSTOMS VALUATION CUSTOMS VALUATION CODE DEVELOPED COUNTRIES DOMESTIC INDUSTRY DOMESTIC PRICE OF IMPORTS DUMPING/SUBSIDY ECONOMIC ACTIVITY ECONOMIC CRISIS ECONOMIC POLICY ECONOMIC SITUATION ECONOMIC STABILIZATION ECONOMISTS ELASTICITY EXCHANGE RATE EXPORTERS EXPORTS FISHING FOOD PRODUCTS FORESTRY FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA GROSS DOMESTIC PRODUCT IMPORTED GOODS IMPORTED MERCHANDISE IMPORTS INTERMEDIATE GOODS INTERNATIONAL MARKETS INVESTIGATION INVESTIGATIONS LATIN AMERICAN LEGISLATION MARKET COMPETITION METALS NATIONAL CUSTOMS NATIONAL LEGISLATION POLICY INSTRUMENTS POLITICAL ECONOMY PROTECTIONIST MEASURES PROTECTIVE MEASURES PROVISIONAL MEASURES QUOTAS REAL EXCHANGE RATE RESOURCE ALLOCATION SAFEGUARD MEASURE SAFEGUARD MEASURES SUBSIDIZED IMPORTS SURCHARGES TARIFF RATE TARIFF REDUCTION TARIFF REDUCTIONS TRADE AGREEMENT TRADE AGREEMENTS TRADE DIVERSION TRADE NEGOTIATIONS TRADE OPENING TRADE PARTNERS TRADE POLICY TRADE POLICY INSTRUMENTS TRADE PROTECTION TRADE REFORM TRADE REGIMES TRADING SYSTEM TREATIES UNFAIR COMPETITION UNILATERAL LIBERALIZATION Chilean legislation is quite conservative, especially compared with international practice. However, its application has not been free of criticism, and it proved necessary to seek mechanisms that combine limitations set forth in the GATT/WTO regulations and others self-imposed by Chilean law. Legislation on antidumping measures was introduced in Chile in 1992. The Distortions Commission has recommended and the President has adopted such measures on just six occasions, of which two correspond to extensions of existing measures. Legislation on safeguard measures was introduced in 1999. In the 1999-2002 period, seven safeguard measures were adopted. The traditional agricultural sector was the main user of the measures, and no measure was in place for more than 12 months. The context in which the Commission was created in 1981 and the type of measures adopted by this entity support the idea that the objective of the Commission was to alleviate the political pressures generated by the difficult economic situation rather than to correct problems originated by the price distortions of goods. In the second half of the 1980s, the Commission supported the liberalization process that started in 1985. Adopting safeguard legislation in 1999 helped to gain approval of further tariff reductions from 11 percent to 6 percent. During the decade of the 1990s and until the present day, the philosophy of minimal use to further liberalization has been maintained. The legislation has undergone modifications to adjust the instruments used to support the economic opening and international commitments. 2012-06-18T14:27:44Z 2012-06-18T14:27:44Z 2005-05 http://documents.worldbank.org/curated/en/2005/05/5800562/keeping-animal-spirits-asleep-case-chile http://hdl.handle.net/10986/8243 English Policy Research Working Paper; No. 3615 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Chile |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ABSOLUTE TERMS ACCESS TO INFORMATION AD VALOREM AGRICULTURE ANTI-DUMPING DUTIES ANTI-DUMPING DUTY ANTI-DUMPING MEASURES ANTIDUMPING AUTONOMY AVERAGE TARIFF BALANCE OF PAYMENTS BILATERAL AGREEMENTS BILATERAL TRADE BOUND TARIFF CAPITAL GOODS CENTRAL BANK COMPENSATORY ADJUSTMENTS CONTINGENT PROTECTION COUNTERVAILING DUTIES COUNTERVAILING DUTY COUNTRY OF ORIGIN CURRENCY CUSTOMS DUTIES CUSTOMS VALUATION CUSTOMS VALUATION CODE DEVELOPED COUNTRIES DOMESTIC INDUSTRY DOMESTIC PRICE OF IMPORTS DUMPING/SUBSIDY ECONOMIC ACTIVITY ECONOMIC CRISIS ECONOMIC POLICY ECONOMIC SITUATION ECONOMIC STABILIZATION ECONOMISTS ELASTICITY EXCHANGE RATE EXPORTERS EXPORTS FISHING FOOD PRODUCTS FORESTRY FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA GROSS DOMESTIC PRODUCT IMPORTED GOODS IMPORTED MERCHANDISE IMPORTS INTERMEDIATE GOODS INTERNATIONAL MARKETS INVESTIGATION INVESTIGATIONS LATIN AMERICAN LEGISLATION MARKET COMPETITION METALS NATIONAL CUSTOMS NATIONAL LEGISLATION POLICY INSTRUMENTS POLITICAL ECONOMY PROTECTIONIST MEASURES PROTECTIVE MEASURES PROVISIONAL MEASURES QUOTAS REAL EXCHANGE RATE RESOURCE ALLOCATION SAFEGUARD MEASURE SAFEGUARD MEASURES SUBSIDIZED IMPORTS SURCHARGES TARIFF RATE TARIFF REDUCTION TARIFF REDUCTIONS TRADE AGREEMENT TRADE AGREEMENTS TRADE DIVERSION TRADE NEGOTIATIONS TRADE OPENING TRADE PARTNERS TRADE POLICY TRADE POLICY INSTRUMENTS TRADE PROTECTION TRADE REFORM TRADE REGIMES TRADING SYSTEM TREATIES UNFAIR COMPETITION UNILATERAL LIBERALIZATION |
| spellingShingle |
ABSOLUTE TERMS ACCESS TO INFORMATION AD VALOREM AGRICULTURE ANTI-DUMPING DUTIES ANTI-DUMPING DUTY ANTI-DUMPING MEASURES ANTIDUMPING AUTONOMY AVERAGE TARIFF BALANCE OF PAYMENTS BILATERAL AGREEMENTS BILATERAL TRADE BOUND TARIFF CAPITAL GOODS CENTRAL BANK COMPENSATORY ADJUSTMENTS CONTINGENT PROTECTION COUNTERVAILING DUTIES COUNTERVAILING DUTY COUNTRY OF ORIGIN CURRENCY CUSTOMS DUTIES CUSTOMS VALUATION CUSTOMS VALUATION CODE DEVELOPED COUNTRIES DOMESTIC INDUSTRY DOMESTIC PRICE OF IMPORTS DUMPING/SUBSIDY ECONOMIC ACTIVITY ECONOMIC CRISIS ECONOMIC POLICY ECONOMIC SITUATION ECONOMIC STABILIZATION ECONOMISTS ELASTICITY EXCHANGE RATE EXPORTERS EXPORTS FISHING FOOD PRODUCTS FORESTRY FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA GROSS DOMESTIC PRODUCT IMPORTED GOODS IMPORTED MERCHANDISE IMPORTS INTERMEDIATE GOODS INTERNATIONAL MARKETS INVESTIGATION INVESTIGATIONS LATIN AMERICAN LEGISLATION MARKET COMPETITION METALS NATIONAL CUSTOMS NATIONAL LEGISLATION POLICY INSTRUMENTS POLITICAL ECONOMY PROTECTIONIST MEASURES PROTECTIVE MEASURES PROVISIONAL MEASURES QUOTAS REAL EXCHANGE RATE RESOURCE ALLOCATION SAFEGUARD MEASURE SAFEGUARD MEASURES SUBSIDIZED IMPORTS SURCHARGES TARIFF RATE TARIFF REDUCTION TARIFF REDUCTIONS TRADE AGREEMENT TRADE AGREEMENTS TRADE DIVERSION TRADE NEGOTIATIONS TRADE OPENING TRADE PARTNERS TRADE POLICY TRADE POLICY INSTRUMENTS TRADE PROTECTION TRADE REFORM TRADE REGIMES TRADING SYSTEM TREATIES UNFAIR COMPETITION UNILATERAL LIBERALIZATION Sáez, Sebastián Keeping Animal Spirits Asleep : The Case of Chile |
| geographic_facet |
Latin America & Caribbean Chile |
| relation |
Policy Research Working Paper; No. 3615 |
| description |
Chilean legislation is quite conservative, especially compared with international practice. However, its application has not been free of criticism, and it proved necessary to seek mechanisms that combine limitations set forth in the GATT/WTO regulations and others self-imposed by Chilean law. Legislation on antidumping measures was introduced in Chile in 1992. The Distortions Commission has recommended and the President has adopted such measures on just six occasions, of which two correspond to extensions of existing measures. Legislation on safeguard measures was introduced in 1999. In the 1999-2002 period, seven safeguard measures were adopted. The traditional agricultural sector was the main user of the measures, and no measure was in place for more than 12 months. The context in which the Commission was created in 1981 and the type of measures adopted by this entity support the idea that the objective of the Commission was to alleviate the political pressures generated by the difficult economic situation rather than to correct problems originated by the price distortions of goods. In the second half of the 1980s, the Commission supported the liberalization process that started in 1985. Adopting safeguard legislation in 1999 helped to gain approval of further tariff reductions from 11 percent to 6 percent. During the decade of the 1990s and until the present day, the philosophy of minimal use to further liberalization has been maintained. The legislation has undergone modifications to adjust the instruments used to support the economic opening and international commitments. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Sáez, Sebastián |
| author_facet |
Sáez, Sebastián |
| author_sort |
Sáez, Sebastián |
| title |
Keeping Animal Spirits Asleep : The Case of Chile |
| title_short |
Keeping Animal Spirits Asleep : The Case of Chile |
| title_full |
Keeping Animal Spirits Asleep : The Case of Chile |
| title_fullStr |
Keeping Animal Spirits Asleep : The Case of Chile |
| title_full_unstemmed |
Keeping Animal Spirits Asleep : The Case of Chile |
| title_sort |
keeping animal spirits asleep : the case of chile |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/05/5800562/keeping-animal-spirits-asleep-case-chile http://hdl.handle.net/10986/8243 |
| _version_ |
1764407375507226624 |