Abstract: Against the backdrop of the financial crisis and the reversal of globalization trends, understanding the development orientation of host countries has become crucial. Chile has undergone a complete industrialization process encompassing pre‑industrialization, inward‑oriented industrialization, neoliberal reform, and export‑oriented development, evolving into one of the most open and competitive countries in Latin America through the joint efforts of the government and foreign capital. From the perspective of Chile’s industrialization trajectory, the role of foreign capital has progressively strengthened, and the government’s ability to guide foreign capital has gradually increased. At present, the Chilean government primarily introduces foreign capital through cooperation and openness in industries where it possesses comparative advantages, leveraging its own actions or guiding foreign capital to compensate for market failures, thereby promoting Chile’s exports and enhancing its national competitiveness. For Chinese companies, investing in Chile requires first understanding and aligning with local comparative advantages and policy directions. On this basis, they should explore the intersection between their own capabilities and Chile’s broader socio‑economic development orientation, seeking win‑win development models.

Authors: Chen Taotao, Liu Shichang, Xu Run

Published in: International Economic Cooperation, 2017, No. 10