Abstract
The pacted nature of democratic transition seems to define the divergent path taken by Chilean elites in comparison with their Argentinean counterparts. However, using a Most Similar System Design (MSSD), two new elements enhance opportunities for explaining the different outcomes. First, the content of a mandate that has the ability to co-opt people from outside the privileged class; and second, the capacity of the elite to generate a process of political systematization and economic monetarization that ensures stability with no apparent democratic setbacks.
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