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...
On December 26, 2012 Colombia’s Congress passed and approved Law 1607, a fiscal reform bill designed to modernise the tax system and in the process help stimulate job creation. The reform is also anticipated to have tangible effects in combating the high level of inequality by raising the top income tax rates and creating vehicles for increased...
Tourism has long provided a steady flow of revenues to Jordan’s economy, with the sector accounting for 13% of GDP. In 2012 the kingdom’s tourism industry rebounded nicely; tourism receipts increased 15.3% year-on-year from JD2.13bn ($3bn) in 2011 to JD2.46bn ($3.46bn) in 2012. While much of this boost in the sector can be attributed to the...
While most economic activity in Jordan is concentrat-ed in Amman, the southern city of Aqaba is playing an increasingly significant role. The city sits at the Red Sea’s north-eastern tip and roughly 300 km to the south of the capital. With a history dating back to 4000 BCE, the area has long been a centre for trade. Today, Aqa-ba is home to a...
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