Chile invited to join OECD earlier than Venezuela

Authors:
Luis Alberto López Rafaschieri and José Alberto López Rafaschieri
www.morochos.net

While some governments in Latin America are threatening to abandon the OAS, the UN and any multilateral organization not willing to support the anti-democratic ideas of the radical left in the region, Chile has just recently joined the OECD -the Organization for Economic Cooperation and Development- which is integrated by a group of countries considered the world's most developed.

It is interesting that Chile has done this earlier than Venezuela, considering that Chavez's country has a much larger GDP -The Venezuelan economy doubles in size to that of Chile-. But for the OECD it's not only important to have a big economy, it's also essential to have strong democratic institutions, independent central banks, a robust private sector, an advanced legal system, a stable economy and the willingness to implement joint policies; variables that Venezuela has deteriorated over the past ten years with the government of President Chavez.

The two political models being debated now in Latin America: Chavez's extremist style, or the moderate way, like Chile. This last is doing better, say the world's most developed countries.

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