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  • 2017-12-18 11:40:13
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Title Title
Sebastián Piñera wins Chile's election Sebastián Piñera wins Chile's election
Summary Summary
The right-wing billionaire and former president leads Chile once again The right-wing billionaire and former president leads Chile once again
Highlights Highlights
Content Content
<strong>After an intense election year, right-wing billionaire Sebastian Pinera <a href="https://www.reuters.com/article/us-chile-election/billionaire-pinera-recaptures-chile-presidency-with-resounding-win-idUSKBN1EB07K?ref=hvper.com">won</a> the Chile presidential election on December 17 after he secured a comfortable lead on his center-left opponent Alejandro Guillier. Piñera will take office on March 11, 2018.</strong> <strong>After an intense election year, right-wing billionaire Sebastian Pinera <a href="https://www.reuters.com/article/us-chile-election/billionaire-pinera-recaptures-chile-presidency-with-resounding-win-idUSKBN1EB07K?ref=hvper.com">won</a> the Chile presidential election on December 17 after he secured a comfortable lead on his center-left opponent Alejandro Guillier. Piñera will take office on March 11, 2018.</strong>
The former president – who governed Chile from 2010 to 2014 – <a href="https://www.theguardian.com/world/2017/dec/17/chileans-cast-their-ballot-in-decisive-presidential-runoff">polled more than 54 percent</a> (<em>Guardian</em>), triumphing over Alejandro Guillier, who won more 40 percent. Pollsters had predicted for the margin to be much wider. The former president – who governed Chile from 2010 to 2014 – <a href="https://www.theguardian.com/world/2017/dec/17/chileans-cast-their-ballot-in-decisive-presidential-runoff">polled more than 54 percent</a> (<em>Guardian</em>), triumphing over Alejandro Guillier, who won more 40 percent. Pollsters had predicted for the margin to be much wider.
Guillier conceded the election shortly after the initial results. He was backed by President Michelle Bachelet, a socialist leader who had served two presidential terms. However, many Chileans became disillusioned under Bachelet's administration, citing slow economic growth and a <a href="http://www.dw.com/en/asiganachile-student-led-resistance-demand-free-education-in-chile/a-39388503">failure to meet campaign promises</a> (<em>Deutsche Welle</em>). Guillier conceded the election shortly after the initial results. He was backed by President Michelle Bachelet, a socialist leader who had served two presidential terms. However, many Chileans became disillusioned under Bachelet's administration, citing slow economic growth and a <a href="http://www.dw.com/en/asiganachile-student-led-resistance-demand-free-education-in-chile/a-39388503">failure to meet campaign promises</a> (<em>Deutsche Welle</em>).
Pinera is a Harvard-educated economist and businessman worth an estimated $2.7 billion, according to <em><a href="https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/profile/sebastian-pinera">Forbes</a></em>. He made his fortune by introducing credit cards to Chile in the late 1980s. Pinera is a Harvard-educated economist and businessman worth an estimated $2.7 billion, according to <em><a href="https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/profile/sebastian-pinera">Forbes</a></em>. He made his fortune by introducing credit cards to Chile in the late 1980s.
His campaign promised to jumpstart economic growth in the world's top copper-producing country, which includes <a href="https://in.reuters.com/article/chile-election/billionaire-pinera-recaptures-chile-presidency-with-resounding-win-idINKBN1EB07F">supporting Chile's state-run mine Codelco</a> and slashing red tape that hindered projects under Bachelet. His campaign promised to jumpstart economic growth in the world's top copper-producing country, which includes <a href="https://in.reuters.com/article/chile-election/billionaire-pinera-recaptures-chile-presidency-with-resounding-win-idINKBN1EB07F">supporting Chile's state-run mine Codelco</a> and slashing red tape that hindered projects under Bachelet.
According to the <a href="http://www.worldbank.org/en/country/chile/overview">World Bank</a>, Chile has been one of Latin America’s fastest-growing economies in recent decades. Nevertheless, GDP growth fell from a high of 6.1 percent in 2011 to 1.6 percent in 2016 due to a decline in copper prices which negatively affected private investment and exports. According to the <a href="http://www.worldbank.org/en/country/chile/overview">World Bank</a>, Chile has been one of Latin America’s fastest-growing economies in recent decades. Nevertheless, GDP growth fell from a high of 6.1 percent in 2011 to 1.6 percent in 2016 due to a decline in copper prices which negatively affected private investment and exports.
Chile is one of the few Latin American countries that does not have mandatory voting. About 14 million people <a href="http://www.bbc.co.uk/news/world-latin-america-42388019">were eligible to vote</a>, though only 7 million Chileans <a href="https://in.reuters.com/article/chile-election/billionaire-pinera-recaptures-chile-presidency-with-resounding-win-idINKBN1EB07F">went to the polls</a> in a country of 17 million. Chile is one of the few Latin American countries that does not have mandatory voting. About 14 million people <a href="http://www.bbc.co.uk/news/world-latin-america-42388019">were eligible to vote</a>, though only 7 million Chileans <a href="https://in.reuters.com/article/chile-election/billionaire-pinera-recaptures-chile-presidency-with-resounding-win-idINKBN1EB07F">went to the polls</a> in a country of 17 million.
Pinera's victory underscores an increasing tilt to the right in South America, following the rise of conservative leaders in Peru, Argentina and Brazil.  Pinera's victory follows the rise to power of other conservative leaders in Peru, Argentina and Brazil.
Categories Categories
  Chile, Latin America, Politics
Article type Article type
report report
Tags Tags
  Chile, Conservatism, Elections, Latin America, Piñera, Vote
Author byline Author byline
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Has hero Has hero
No No
Hero Alignment Hero Alignment
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Hero Image URL Hero Image URL
None None
Featured Image URL Featured Image URL
  https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2017/12/800px-Sebastianwsws.jpg
Sources Sources

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