Well, it is now 2.35 on sunday evening and Im now shutting down my shop for the day. I have spent the last .. what is it.. 6 hours with writing an econ paper on Chile's economy. My findings so far:
- Debt/GDP=4%!!! (insanely low, the same ratio for the US is 70%)
- Chile currently produces more than 1/3 of the world total output of copper
- Chile currently has a Sovereign Wealth Fund, disconnected to the political governance, with a total net worth of 12% of national GDP
My conclusion: Could we see some
dutch disease? Im not sure, but it's always a risk with countries rich of natural resources. Now, Im off to bed.
It also looks like Rick Wagoner is being forced away from GM, not one minute too soon.
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