Chile's Thrift Pays Off as Downturn Bites Elsewhere

Finance minister hailed for dodging commodity bubble

By Rob Quinn, Newser Staff

Posted May 27, 2009 8:59 AM CDT

(Newser) – Chile's thrifty finance minister is starting to look like a prophet as spendthrift, "grasshopper" economies founder around him, the Wall Street Journal reports. Andres Velasco's tight grip on the country's copper revenue during the commodities boom made him and his party deeply unpopular at... Read full story »

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Chile's Thrift Pays Off as Downturn Bites Elsewhere

Finance minister hailed for dodging commodity bubble

Latin America • Chile • copper • commodity prices • economic crisis • emerging economies

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