Andrés Solimano – Shock and Crises
Channel: UNU-WIDER
Date: 09/11/2016

Economic shocks can turn into crises when they are large in magnitude and long-lasting. 

Chile provides a good example of how countries can learn from past experiences to prepare themselves for the future. After the shock of copper during 1970-80s, Chile introduced copper stabilization funds and other macroeconomic measures. As a result, more recent shocks have produced milder effects on the economy. 

Andrés Solimano of the Center for Globalization and Development (CICLOB) uses the Chilean example to discuss the important mechanisms needed to avoid turning shocks into crises. 

More about the UNU-WIDER's ‘Responding to crises' conference:
https://www.wider.unu.edu/event/responding-crises

Join the discussion on Twitter: #RespondingToCrises and @UNUWIDER