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In spite of a tumultuous year in Chilean politics, the Concertación led government continues to exercise prudence in its balanced approach to economic policy. Chile still boasts the lowest risk business climate in Latin America, and is ranked 19th worldwide. It is forecast to lead the region as a safe haven for foreign investors over the next five years.

After a painful contraction in 1999, the Chilean economy rebounded strongly this year and should maintain 5% to 6% annual growth through 2002. The economies of Chile's trading partners in Asia and Mercosur are on the mend, and this will continue to drive strong export sales. Despite the government's efforts to diversify the economy, nearly half of export earnings are still derived from copper sales.