Capitalist Coalitions, the State, and Neoliberal Economic Restructuring: Chile, 1973–88

Abstract

This article argues that a high degree of relative state autonomy and ideology, while necessary, was not sufficient to explain fully the change from import-substitution industrialization to an open, free-market economy in Chile. A comparison across three distinct policy periods in authoritarian Chile reveals that shifting coalitions of businessmen and landowners, with varying power resources, also played an important part in the outcome. This approach does not seek to vitiate other interpretations of economic change in Chile and elsewhere. The question is not so much which factor is most important, but how and when the different factors matter.