Business process outsourcing (BPO) operations have become a focal point of growth within the broader IT market. As a platform for providing services within Latin America, the US and Spain, Colombia has several advantages, including an investor-friendly regulatory framework, competitive wages, a neutral Spanish accent and a variety of suitable...
Since the turn of the millennium, and in particular over the past few years, a number of bilateral free trade and investment promotion agreements have resulted in an increasingly globalised Colombian economy. Moreover, the establishment of regional trade blocs such as the Andean Community ( Comunidad Andina, CAN) and the Pacific Alliance have also...
While Colombia began to open its economy to international trade slightly throughout the 1990s, the country did not truly put itself on the map until the early 2000s. At that time, the government made a great effort to overcome the nation’s security problems that had created Colombia’s negative perception abroad.
The war against the assassinations, kidnappings and armed insurgency that have plagued Colombia for decades is being decisively won, after dealing massive damage to the country’s economic development and international reputation. As a result, spending on military and police forces is high. According to the UN’s Development Programme, in 2010...
If it were not for its history of crime and security issues, Colombia would likely be at the top of regional ease-of-doing-business rankings. Reforms implemented over the past 15 years have created an open environment conducive to an expanding private sector. One of the mechanisms for stimulating this expansion has been the implementation of a...
Steady economic progress, coupled with renewed security after a tough fight to increase stability in guerrilla-held rural areas, have renewed confidence in Latin America’s third-largest country. Indeed, it appears as though Colombia’s reputation as a major global narcotics trafficker and home to crime and instability has finally given way to a...
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