CENTER FOR LATIN AMERICAN STUDIES, UC BERKELEY: INEQUALITY: DIALOGUES FOR THE AMERICAS, FALL 2012: OCTOBER 15, 2012 http://www.clas.berkeley.edu/Events/series/inequalityfall2012/index.html
With respect to the copper disease, the people who actually know about it in the offices to the left and the right of me--Maury Obstfeld and barry Eichengreen--do strongly recommend dealing with it via the Norwegian model: large sovereign wealth funds invested abroad funded and financed by a government taxing commodity export earnings that is willing to say: this is safeguarding your great grandchildren’s inheritance, and that is why we’re doing this.
This is the way to have a stable and well-functioning economy, and also to pile up wealth for the future, when you are subject to the commodity-export cycle.
It’s been very successful for Norway. I think it’s certainly worth considering for Chile.
