This paper explores the major differences between the economic outlook of the regimes of both Chile and Argentina during
a ten-year period. Both countries were similar in that they were emerging from limited marketplaces, but had great ambitions of mirroring the free markets like those of the United States, Britain, and Japan. The writer argues that the Chilean
approach was more successful in this endeavor because its approach was based on slow transformation, or pragmatism, as opposed to the Argentinean approach, which emphasized "shock therapy."