[1] Pedro Vuskovic was born in Antofagasta, and obtained a degree in business administration from the Universidad de Chile.
He became a professor of Statistics at the same university, while at the same time working for the CEPAL (United Nations Economic Commission for Latin America and the Caribbean).
He remained as a minister until June 17, 1972, when political pressure forced President Allende to halt his economic plans and replace him in the cabinet.
Vuskovic then took over the cabinet-level position of Executive Vice President of the Production Development Corporation (CORFO), where he served until September 1973.
There he became a professor, first at the Economic Research and Teaching Centre (CIDE), where he directed the Institute of Economic Studies of Latin America, and later at the Centre for Interdisciplinary Research in the Humanities at the National University of Mexico (UNAM), where he was named to the position of Coordinator for a programme on poverty and development options in various countries of Latin America.