In the past two decades, Colombia’s educational system has grown in importance for the country’s policy-makers. This has translated into a stronger link between education and human resources development, as well as a gradual rise in overall expenditure. The sector continues to face a number of challenges, including a significant gap in school coverage and completion rates for secondary...
As Colombia debates a settlement to long-running internal political conflicts, sport is increasingly seen as a powerful instrument for social inclusion and community development. Despite fiscal austerity, the government, through sports institute Coldeportes, has been promoting sport for all. According to a mid-2015 report by Forbes magazine that examined public sector sports budgets across 20...
Following the macroeconomic expansion of the past decade, Colombia’s telecommunications industry has experienced significant growth. The weight of the sector nearly doubled from 1.6% of GDP in 1994 to 3.14% in 2014, according to the Mobile Industry Association of Colombia, while annual revenues reached $7.99bn in 2014 and are expected to jump to $8.6bn by 2018. An increase in regulatory...
The 2015 Global Innovation Index ranked Colombia 67th out of 141 countries for its innovation potential, below Chile (42nd), Costa Rica (51st) and Mexico (57th), but ahead of Brazil (70th) and Peru (71st). In a bid to strengthen its competitiveness in international markets, the Colombian government plans to double expenditure on science, technology and innovation (STI) from 0.5% of GDP in 2015...
The tides of Colombia’s agricultural sector, which for years lagged behind neighboring countries due to landownership restrictions and underdeveloped transport infrastructure, have fast been changing. As of early 2016, several key reforms and progressive measures were beginning to allow investment to flow to the Colombian countryside. The sector expanded by 3% year-on-year in the first three...
Largely cut off from foreign investment during the 1980s and 1990s due to security concerns, Colombia developed a wide variety of local manufacturing businesses and brands. However, the opening of the economy over the past decade has forced local firms to compete with international imports. Moreover, the rapid growth of the oil and mining industries has shrunk manufacturing’s importance in the...
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