1. LIBERALIZACIÓN COMERCIAL EN COLOMBIA: ¿MODERNIZACIÓN O TRAMPA?
- Author
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Coronel-López, Jorge, Paola Danna-Buitrago, Jenny, and Mercado-Suárez, Álvaro
- Subjects
- *
FINANCIAL liberalization , *FREE trade , *POLITICAL business cycles , *INTERNATIONAL trade , *ECONOMIC policy ,COLOMBIAN economy - Abstract
This paper discusses the gap between the expected and real effects of Colombian trade liberalization policy. First, we stress the influence of international integration on Colombia's growth and development, and explains why moving toward more free trade has not contributed to the consolidation of high value-added industries in that country. Ultimately, we apply the theory of political cycles and suggest that political power in Colombia has contributed to get the country trapped into an international dependency on primary commodities. [ABSTRACT FROM AUTHOR]
- Published
- 2019
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