Chile: Policy of Partnership

Copper was the rallying cry for both sides in Chile's September presidential elections. The Communists and far leftists clamored to nationalize the huge U.S.-owned companies that produced 545,000 tons of ore and 80% of Chile's foreign exchange in 1963. Eduardo Frei, the tall, scholarly Christian Democrat who won by a landslide, promised to be more sensible about it, but still insisted on more control and a bigger slice of the profits. Last week, after barely seven weeks in office, President Frei announced an enlightened plan to "Chileanize" the industry and make his country the world's No. 1 copper producer by...

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