Chile gains entry into OECD

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Source: al jazeera

Chile has become the first South American country to be admitted into the Organisation for Economic Co-operation and Development (OECD).

Michelle Bachelet, Chile's president, says entry into the group is a major stride towards joining the ranks of developed nations.

Chile has, in the last two decades, gone from being one of the poorest countries in Latin America to one of the richest.
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Al Jazeera's Lucia Newman, reporting from Santiago, explains that Chile's free market economy was one factor that helped it gain entry into the OECD.

Read more: http://english.aljazeera.net//news/americas/2010/01/201011123388497507.html

[Fool Count]

1. Chile was "one of the poorest" in 1990?

What a crock of crap. It was already the richest country in South America twenty years ago.