Emerging Economies Riding the Storm: Chile and the rest of the Region

LSE public lecture

Representing 50 % of global GDP, emerging markets could have a significant role to play now that the world economy is under threat. The Chilean Minister of Finance Felipe Larraín will discuss the macroeconomic policies that these markets could consider to combat the pressures coming from the developed world. His presentation will describe Chile’s well-supervised contingency plans, including its fiscal strategy and the measures being taken to incentivize both employment and investment. Minister Larraín will also illustrate how emerging markets are prepared for the storm and how they could be part of the solution to world economic unrest, as opposed to the problem.

Since March 2010, Felipe Larraín Bascuñán is the Minister of Finance of the Government of President Sebastián Piñera. PhD (1985) and Master of Arts (1983) in Economics from Harvard University, and Bachelor of Arts in Economics from Universidad Católica de Chile (1981), he has a vast experience as an international consultant, academician, editor and author of more than 10 books and 120 professional articles, both published in Latin America, U.S.A., Europe and Asia.

Since 1996, he has been a Professor of Economics at Universidad Católica de Chile in Santiago, where he previously served as Associate and Assistant Professor. From 1997 to 2002 he was affiliated to Harvard University, first as the Robert F. Kennedy Visiting Professor of Latin American Studies (1997-99), then as Faculty Fellow (1999-2002). Since 1985, he has served as economic advisor to several American governments, including Bolivia, Canada, Colombia, Costa Rica, Chile, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Jamaica, Mexico, Nicaragua, Paraguay, Peru and Venezuela.

Felipe Larraín has been a consultant on macroeconomic issues to the United Nations, the World Bank, the Economic Commission for Latin America and the Caribbean (ECLAC), the Inter-American Development Bank and the International Monetary Fund. He has also been a consultant to a number of Latin American and U.S. companies, and a board member of several companies and institutions in Chile, Latin America, the U.S. and Europe.

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