Minimum wage increases have outpaced overall productivity growth in recent years. Government price support for agriculture represents less than 5 percent of total farm receipts, one of the lowest rates among OECD countries. (Kilburn, 2014)Open MarketsChile has an average tariff rate of 4 percent. It recently joined the Pacific Alliance, which, if considered as one country, would be the world's ninth largest economy. Foreign investments are welcome. The dynamic financial system facilitates high reliance on banks and provides relatively efficient access to financing. Reforms aimed at improving capital market liquidity and improving small businesses' access to financial services have progressed gradually. (Kilburn, 2014)TORY EFFECTIVENESSChronologyOn September 18, 1810, Chile broke from Spanish rule by declaring independence (although it was still nominally loyal to King Ferdinand VII of Spain, then a captive of the French). This declaration ultimately led to more than a decade of violence and wars that only ended when the last royalist stronghold fell in 1826. September 18 is celebrated in Chile as Independence Day..