Chile is flourishing financially.
Chile . In the 19th century , Chile saw significant economic and territorial growth , ending Mapuche resistance in the 1880s and gaining its current northern territory in the War of the Pacific ( 1879 -- 83 ) after defeating Peru and Bolivia . Chile is today one of South America 's most stable and prosperous nations . It leads Latin American nations in rankings of human development , competitiveness , income per capita , globalization , state of peace , economic freedom , and low perception of corruption .