This presentation gives an account of the general approach adopted by the Chilean government for the utilization of the country's natural resources. This approach stresses the role of the private sector in the exploration, exploitation, and commercialization of the resources, within the framework of a free and competitive market. In a small country like Chile with an open economy, the economic development of resources, such as energy and minerals, should be based on foreign investment and free access to the external financial market.

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