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Did neoliberalism fail in Chile?

Abbreviated Question: 
Did neoliberalism fail in Chile?
Answer: 

My name is Marcelo Oviedo and used to work as Assistant Professor at Iowa State University. My ex-colleagues in the Department of Economics have invited me to answer your questions posted in the Ask An Economist section in that department. I believe they have given me the opportunity of doing that for two reasons. First, because I am a Latin American economist; and second, because I specialize in Macroeconomics and your questions match subjects belonging to two main areas of specialization in Economics: Macroeconomics and Economic Development.