In Latin America, economic and political cycles typically move hand-in-hand and the change of Presidential administrations can trigger a boom-bust business cycle. Some might therefore worry about the economic impact of Chile’s presidential and congressional elections in December 2005. Despite Chile’s polarized political history, the country’s democracy has matured to the level that political change does not bring with it business risk. The limited role of government in a pro-business economy combined with the centrist leanings of dominant parties provides a rare glimpse of political stability for an emerging market. That stability may be Chile’s greatest asset and an enviable catalyst for investment, growth and progress