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Chile’s economic history is associated with “Chicago Boys”.
The Chicago Boys were a group of free-market economists trained at the University of Chicago who shaped economic policy and reforms in Chile during General Augusto Pinochet’s rule.
As the key economic advisors of the Pinochet dictatorship, the Chicago Boys were the forerunners of the economic policies of that government. They sponsored state run policies to decrease national spending, end inflation and promote economic growth.