Vuskovic Plan

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Vuskovic Plan was the basis for the economic policy of the Popular Unity (UP) government of Chilean President Salvador Allende. It was drafted by and named after his first Economics Minister Pedro Vuskovic, who had worked before with the CEPAL. Although good results were obtained in 1970, hyperinflation made a come-back in 1972. By 1973, Chile was in shambles - inflation was hundreds of percents, the country had no foreign reserves, and GDP was falling.The overall stated objective of Allende's Popular Unity government was to achieve a transition to socialism by democratic means. This would involve a combined political and economic program aimed at wresting control of the economy out of the hands of business owners and placing it in the hands of the state.