The paper analyzes free competition both nationally and internationally, thus evaluating the logic of public actions to ensure fair competition. This being said, the author focuses on Chile’s experience since 1959, arguing that in this case trade liberalization was the most effective policy to ensure fair competition. Furthermore, the article suggests that it is necessary to implement specific legal actions in favor of free trade to ensure effective trade policies in Chile.
The document is organized as follows. After a brief introduction, the first chapter analyzes the monopolies and competition in the history of Chile, whilst the second section evaluates some actions that have ensured fair competition across the country. Meanwhile, the third section sheds light on Chile’s economic systems, free competition, and GDP per capita, whereas chapter four explores the country’s current legislation in favor of free competition. Finally, section five offers some concluding arguments.
In conclusion, the author argues that institutions which defend free competition are closely related to the evolution of economic systems and technology in Chile. Moreover, the article concludes that in countries like Chile, the opening of borders as a means to ensure fair competition must be complemented by the direct action of government institutions in order to ensure free competition.