Sunday, 21 October 2012

Startup Chile

Regular readers will know that I get frustrated with the bad press that Chile gets in the international press, not because I think we don't deserve it, but because we do. It wasn't so long ago that Chile was the darling of the international media, either because of its stable economy, its democratic transition, its impressive leaders. Today the international media is more likely to underscore mass demonstrations against government policy or government fiddling with official statistics à la Kirchner.

However, there are glimmers of hope, as this Economist piece highlights. The government has spent $40 millon on 1000 new firms, attracting bright young things, mostly American, to Santiago. It's a good program, but I fear that for those who do not qualify for the programme, the average Chilean wanting to start a new business still has to deal with outdated bureaucracy, labour laws and bankruptcy rules.

Oops, there I go criticizing again.

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