A free market economy As businesses experienced greater freedom to expand and develop, Chile saw more innovation with higher profits and savings. In other words, the “Milton Friedmanesque” reforms helped create South America's most prosperous nation.
Explanation:
According to the CIA World Factbook, Chile's "sound economic policies", maintained consistently since the 1980s, "have contributed to steady economic growth in Chile and have more than halved poverty rates." The 1973–90 military government sold many state-owned companies, and the three democratic governments since 1990
