The Americas Economy

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In the wake of the 2008 financial crisis, what factors supported the country’s financial resilience?

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.

What effect has business process outsourcing (BPO) had on the development of free trade zones (FTZs)?

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...

Few countries have seen economic growth as consistently as Colombia, where I lived as a student in a university exchange programme in 1977 and 1978. Over the past 50 years, only once – in 1999 – did the growth take a negative turn. However, because of its recent history, challenged by security and drug-related conflicts, Colombia has been...

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