Minimum wage increases have outpaced overall productivity growth in recent years. Public support for agricultural prices is less than 5% of total agricultural revenue, one of the lowest rates among OECD countries. (Kilburn, 2014) Open Markets Chile has an average tariff rate of 4%. It recently joined the Pacific Alliance which, if considered as a single country, would be the world's ninth largest economy. Foreign investments are welcome. The dynamic financial system facilitates high levels of bank usage and provides relatively efficient access to finance. Reforms to improve capital market liquidity and improve access to financial services for small businesses have made gradual progress. (Kilburn, 2014) EFFICIENCY OF HISTORY Timeline On September 18, 1810, Chile broke from Spanish rule, declaring its independence (although it was still theoretically loyal to King Ferdinand VII of Spain, then a prisoner of the French). This declaration ultimately led to over a decade of violence and warfare that did not end until the fall of the last royalist stronghold in 1826. September 18 is celebrated in Chile as Independence Day.