The economy of Chile is ranked as an upper-middle income economy by the World Bank, and is one of South America's most stable and prosperous nations, leading Latin American nations in human development, competitiveness, income per capita, globalization, economic freedom, and low perception of corruption. However, it has a high economic inequality, as measured by the Gini index.

In May 2010 Chile became the first South American country to join the OECD. In 2006, Chile became the country with the highest nominal GDP per capita in Latin America. Chile has an inequality-adjusted human development index of 0.652, compared to 0.654, 0.641 and 0.519 for neighbouring Uruguay, Argentina and Brazil, respectively. 5.3% of the population lives on less than US $2 a day.

The Global Competitiveness Report for 2009-2010 ranks Chile as being the 30th most competitive country in the world and the first in Latin America, well above from Brazil (56th), Mexico (60th) and Argentina which ranks 85th. The Ease of doing business index created by the World Bank lists Chile as 43rd in the world that encompasses better, usually simpler, regulations for businesses and stronger protections of property rights.The privatized national pension system (AFP) has encouraged domestic investment and contributed to an estimated total domestic savings rate of approximately 21% of GDP.

Chile (ⁱ/ˈtʃɪliː/ or /ˈtʃɪleɪ/), officially the Republic of Chile (Spanish: República de Chile [reˈpuβlika ðe ˈtʃile] ( listen)), is a country in South America occupying a long, narrow strip of land between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far south. Along with Ecuador, it is one of two countries in South America that do not border Brazil. Chilean territory includes the Pacific islands of Juan Fernández, Salas y Gómez, Desventuradas and Easter Island. Chile also claims about 1,250,000 square kilometres (480,000 sq mi) of Antarctica, although all claims are suspended under the Antarctic Treaty.

Chile's distinctive shape—4,300 kilometres (2,700 mi) long and on average 175 kilometres (109 mi) wide—makes it the longest country in the world, north to south, with the fifth lengthiest coastline at over 78 thousand kilometers. The diverse climate of Chile ranges from the world's driest desert in the north—the Atacama—through a Mediterranean climate in the centre, humid subtropical in Easter Island, to an Oceanic climate, including alpine tundra and glaciers in the east and south. The northern desert contains great mineral wealth, principally copper. The relatively small central area dominates in terms of population and agricultural resources, and is the cultural and political center from which Chile expanded in the late 19th century when it incorporated its northern and southern regions. Southern Chile is rich in forests and grazing lands, and features a string of volcanoes and lakes. The southern coast is a labyrinth of fjords, inlets, canals, twisting peninsulas, and islands.

Heraldo Muñoz Valenzuela (born July 22, 1948) is a Chilean politician and diplomat, the former Chilean Ambassador to the United Nations, and currently Assistant Secretary General, Assistant Administrator, and Regional Director for Latin America and the Caribbean of the United Nations Development Programme.

Muñoz was born in Santiago. In 1973, under the Salvador Allende government, he served as National Supervisor of the People's Stores (Almacenes del Pueblo) until the coup d'état of September 11, 1973. He holds a Ph.D. from Josef Korbel School of International Studies at the University of Denver, Colorado (1978), a Diploma in International Relations from the Catholic University of Chile (1975, graduated with honors), and also took courses at Harvard University. He received a B.A. with a major in Political Science at the State University of New York, Oswego. Recipient of the "Distinguished Alumnus Award" from the Graduate School of International Studies at the University of Denver (1991), he was bestowed with the title of Doctor Honoris Causa from the State University of New York (1996). He has received fellowships from: Resources for the Future, the Ford Foundation, the Tinker Foundation, the Twentieth Century Fund, and the MacArthur Foundation. He was a Ph.D. fellow at the Brookings Institution, Washington, D.C. (1977). He later taught at the University of Chile's Institute of International Studies.

David Howell Evans (born 8 August 1961), more widely known by his stage name The Edge (or just Edge), is a musician best known as the guitarist, backing vocalist, and keyboardist of the Irish rock band U2. A member of the group since its inception, he has recorded 12 studio albums with the band and has released one solo record. As a guitarist, The Edge has crafted a minimalistic and textural style of playing. His use of a rhythmic delay effect yields a distinctive ambient, chiming sound that has become a signature of U2's music.

The Edge was born in England to a Welsh family, but was raised in Ireland after moving there as an infant. In 1976, at Mount Temple Comprehensive School, he formed U2 with his fellow students and his older brother Dik. Inspired by the ethos of punk rock and its basic arrangements, the group began to write its own material. They eventually became one of the most popular acts in popular music, with successful albums such as 1987's The Joshua Tree and 1991's Achtung Baby. Over the years, The Edge has experimented with various guitar effects and introduced influences from several genres of music into his own style, including American roots music, industrial music, and alternative rock. With U2, The Edge has also played keyboards, co-produced their 1993 record Zooropa, and occasionally contributed lyrics. The Edge met his second and current wife, Morleigh Steinberg, through her collaborations with the band.