In 1960s Spain under General Francisco Franco and 1970s Chile under General Augusto Pinochet, exponential economic growth occurred. What is interesting to note is that both these countries experienced economic glory under autocratic and totalitarian military regimes. This essay will discuss the role that Iberian fascism had on the economic issue in both Spain and Chile. This will be examined in three parts. First, the problems inherited from the dictator himself. Second, the steps taken to resolve the problem. Finally this essay will provide a critical analysis of the consequences of their reforms. To discuss this question, we must first outline what the Iberian form of fascism is. It is a style of conservatism, strong nationalism and strong social values ​​derived from the Catholic Church. As Carr describes it, it was a conservative and autocratic government (265). Both Franco and Pinochet came to power in a coup, Franco however ended up having to fight a civil war from 1936 to 1939 (which he won). . However, both had major problems to solve with the economy: one inherited (Pinochet) and the other self-inflicted (Franco). Franco's problem was with his original belief in autarky (an economically independent state or society). He wanted to free Spain from the systems and ideologies that had “corrupted its true identity,” including, at least in the early days of his rule, capitalism as a liberal market system (Carr 265). His original solution was to withdraw from the world market and resort to state intervention (266). Pinochet, by contrast, inherited his main issues from the socialist government he overthrew. Salvador Allende's government implemented his Marxist reforms by socializing the nation... half of the newspaper... Foreign Affairs, 72.5 (November – December 1993): 127-140. JSTOR. Electronic. Accessed May 22, 2011. Crow, John A. The Epic of Latin America. Berkeley: U of California P, 1992. Print Ellwood, Sheelagh. Frank. London: Longman Group, 1994. PrintFortin, Carlos. “The Failure of Repressive Monetarism: Chile 1973-83.” Third World Quarterly, 6.2. (April 1984): 310-326. JSTOR, electronic, accessed May 27, 2011.Huneeus, Carlos. “Technocrats and politicians in an authoritarian regime. The 'ODEPLAN Boys' and the 'Gremialists' in Pinochet's Chile”. Journal of Latin American Studies, 32.2 (May 2000): 461-501. JSTOR. Electronic. Accessed May 27, 2011. Keen, Benjamin, and Keith Haynes. A history of Latin America. New York: Houghton Mifflin, 2004. PrintRodgers, Eamonn. "Frank." Encyclopedia of contemporary Spanish culture. NY: Roultedge, 2002: 203-5. (Critical quote)