A new economic term is entering the lexicon for Chilean companies and high net-worth individuals: country risk. The new, leftist government of Michelle Bachelet is taking Chile on a fresh, but uncertain path: a tax law has been implemented, but there are still many unanswered questions about the education reform that will be funded by that fiscal reform, as well as key labour and constitutional reforms on the way.
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Chileans have realized that there is something called country risk – it exists – and that is leading to the desire to diversify outside the country Alfonso Eyzaguirre |
The immediate impact of the changed political environment has been a drop in domestic investment, as local business remains wary.
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