9
Structural Economic Transformation
T he clearest, most concrete portions of the UP's program covered the structural economic
transformation it proposed to carry out. Whereas the sections
dealing with the problem of power spoke in generalities, those
dealing with the economic structure laid out in detail the measures to be taken.The process of transformation of our economy will begin with the
application of a policy intended to create a dominant state sector,
comprising those firms already owned by the state, and the businesses
which are to be expropriated. As a first step, we shall nationalize
those basic resources like the large-scale copper, iron, and nitrate
mines, and others which are controlled by foreign capital and national
monopolies. These nationalized sectors will thus be comprised of the
following:Structural Economic Transformation
| 1. | Large-scale copper, nitrate, iodine, iron, and coal mines. |
| 2. | The country's financial system, especially private banks and insurance companies. |
| 3. | Foreign trade. |
| 4. | Large distribution firms and monopolies. |
| 5. | Strategic industrial monopolies. |
| 6. | As a rule, all those activities which have a strong influence on the country's economic and social development, such as the production and distribution of electric power; rail, air, and sea transport; |
-127-
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information:
Book title: Allende's Chile:An inside View.
Contributors: Edward Boorstein - Author.
Publisher: International Publishers.
Place of publication: New York.
Publication year: 1977.
Page number: 127.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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