The reason seems to be that Chileans agree more with Mr Stiglitz: they worry about the turbulent impact of short-term capital flows even in their well managed economy.
ECONOMIST: Can capital controls stop poor countries crashing?
They treated parliament with equal disdain, and managed the economy incompetently.
So while a mismanaged emerging economy was bound to hit trouble in international capital markets, even a well managed but small economy might be overpowered by the force of vast international capital flows.
ECONOMIST: Can capital controls stop poor countries crashing?
His opponents, who are mostly white, middle-class and control most of the media and business, say he is authoritarian and has managed a rich economy badly.
Still, the economy managed to expand more in 2012 than in 2011, and consumers and business spending withstood the uneasiness around the fiscal cliff better than most expected.
If Mr Chidambaram succeeds, it will prove that India has managed to insulate its economy from political change.
The U.S. economy barely managed to expand in the fourth quarter, weakened by reduced government spending and small inventories.
FORBES: U.S. Economy Slightly Better Than Feared: Q4 GDP Revised Higher To 0.1%
At least Pakistan has handled its default more adroitly than Ecuador, which, though a tiny economy, managed to annoy everyone with its cack-handed approach.
On the face of it, because of the emphasis that managed care places on economy, you might expect it to provide worse treatment, albeit cheaper.
The creation of the Financial Policy Committee, which has its first meeting on Thursday, represents arguably the most important change to the way the British economy is managed since the Bank of England was given control of interest rates in 1997.
We can do this now because we have managed to run the economy effectively, because we've recognised that if we want a strong economy for the future the basis of its stability, we need more people into work, we need to make the work pay and then we can get the money in.
BBC: NEWS | Programmes | Breakfast with Frost | Economy is key battleground
Our economy is not managed by Washington mandarins the way Japan's still is by Tokyo mandarins.
Our economy is not managed by Washington mandarins the way Tokyo's still is.
Since Junichiro Koizumi's election as prime minister in 2001, the world's second-biggest economy has quietly managed to begin pulling itself back to life.
Rackspace faces challenges with a tough economy but still managed to grow through this most recent rough spot while harvesting a new and more competitive clientele, the Enterprise.
"The high point is that we managed a turnaround in the economy using the right strategy, " says Deputy Finance Minister Pisit Leatham, who has worked closely with Tarrin for three years.
Meanwhile, the banker chosen by St Paul's Cathedral to head a group looking to reconnect "the financial with the ethical" has warned that the market economy has "managed to slip its moral moorings" with "disastrous consequences".
BBC: Ed Miliband warns of St Paul's protest 'danger signals'
They say the economy will not improve until the land issue is handled responsibly, Zimbabwe's 12, 000 troops are pulled out of Congo and the economy is properly managed: all of which requires Mr Mugabe's expulsion from office.
Britain to a housing-led expansion, and America in 100 days of Franklin D Rooseveltturned its economy towards demand managed recovery, creating 12 million jobs in five years (to give you an idea of how, 40, 000 of them were state employed actors and theatre directors).
Mindful of its large public debt, Italy refrained from using fiscal policy as an active tool to stimulate the economy, and has managed to keep its budget deficit below the euro-area average (see left-hand chart).
"Managed" immigration is essential for the economy, providing essential people and skills for the workforce.
With its huge economy, the country has managed to develop a strong social service industry to cater for its citizens.
California, with some of the strictest rules in the country, has managed to strike out altogether: the economy and the environment are both lousy.
Though my sources all expect a soft landing of the Chinese economy and a well-managed correction of the over-heated housing market in the tier 1 cities.
But he also managed to capture the heartlands of the new economy, including California, New York and many of the country's toniest suburbs.
The first is a series of acutely drawn country profiles (noting the flood of cheap drugs in Myanmar after 1988, he adds wryly that if the junta were not involved in the heroin trade, it had managed to control "every sector of the economy save the most profitable one").
Perhaps her plan is simply to ensure that she goes down in history as a conscientious accidental president, who succeeded in establishing political stability after the uprising, and who managed to limit the damage done to the economy under Mr Estrada, before gracefully handing over to a democratically elected successor.
The same is true for the Washington, DC, area, where an all-but-recession-proof economy based on the federal government has already managed a return to pre-downturn output levels.
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