Successful reform is the result of hard work of talented people. Dozens have been trying to replicate successful experience. However, any imitation or procrastination on reformation path has irrevocable consequences. The experience of Chile shows that well-prepared and decisive reforms – is the only way to rescure your country from poverty trap. We suggest to our readers a translation of extract about reforms in Chile from “The Ascent of Money” by Niall Ferguson. Translation: Valeria Kotil, intern «Price of the State».
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