This book explores the macroeconomic changes in Chilean economics, complementing this with detailed sectoral evaluation and an analysis of the impacts at regional level. Evidence suggests a need to explore the degree to which economic development has or has not contributed to reducing disparities in level of welfare across the country.Introduction and Overview; P.A.Aroca & G.J.D.Hewings PART I: MACROECONOMIC ANALYSIS Structural Change in the Chilean Economy: The Impact of Economic Reforms, 1970-2000; N.Reinhardt, W.Peres & N.Correa Toward a Modern State in Chile: Institutions, Governance, and Market Regulation; E.Saavedra & R.Soto PART II: SECTORAL ANALYSIS Trade Reforms and Manufacturing Industry in Chile; R.Alvarez & J.R.Fuentes Chile's Export Structure, 1970-1996; N.Reinhardt Inflation Targeting in Chile: Did it Produce Changes in the Uncertainty Regime?; S.Zu?iga The Discrete Charm of Chilean Agriculture; R.Aguilar & J.Dresdner PART III: REGIONAL ANALYSIS Regional Growth and Convergence in Chile 1960-1998: The Role of Public and Foreign Direct Investment; P.A.Aroca, M.B.Mossi & G.J.D.Hewings Industrial Agglomeration in Chilean Regions, 1985-1997; M.Atienza ?beda Regional Wage Differentials in Chile; F.Vial, M.Lufin & G.J.D.Hewings The Determinants of the Regional Foreign Direct Investment in Chile; J.Robles & G.J.D.HewingsRENATO AGUILAR Associate Professor, Department of Economics, University of Gothenburg, SwedenROBERTO ALVAREZ Doctoral Student, Anderson School, University of California, Los Angeles, USAMIGUEL ATIENZA ?BEDA Assistant Professor, Department of Economics, Universidad Cat?lica del Norte, ChileMARIANO BOSCH MOSSI PhD Student, London School of Economics and Political Science, UKNELSON CORREA PhD Student, Santa Anna School of Advanced Studies, ItalyJORGE DRESDNER Associate Professor, Universidad de Concepcion, ChileJ. RODRIGO FUENTES Senior Economist, Central Bank of Chile and Lecturer, Catholic University of Chile, ChilĂ5