With about 60% of the votes counted, free market candidate (and billionaire businessman) Sebastian Piñera appears to have won Chile's presidential election, making him the first popularly elected centre-right president since 1958. Center-left candidate and former President Eduardo Frei has conceded the race to Piñera.
Piñera joins Panama's Ricardo Martinelli amongst Latin America's entrepreneurial free market leaders, setting the stage for a renewed period of economic growth in Latin America's freest and most prosperous (per capita) country.
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