Introduction: neoliberalism and social transformation -- The rise and crisis of national developmentalism -- 'Chicago to the rescue' -- the emergence of neoliberalism in Chile -- Neoliberalism and 'creative destruction', 1973-89 -- From retrenchment to the 'seven modernisations' -- the great transformation of welfare institutions -- Towards a third way? Power and politics in post-dictatorship Chile -- Production, power and exports -- the political economy of post-dictatorship Chile -- Labour institutions and the politics of flexibilisation -- Growth with equity? Social policy and anti-poverty programmes, 1990-2003 -- The uncertain future of neoliberalism.