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Volume 61 / Social Sciences

ECONOMICS: COLOMBIA


MARÍA AMPARO CRUZ-SACO, Dean of the College and Visiting Scholar in Economics, Wesleyan University


ANALYSES OF THE IMPACT OF LIBERALIZATION measures in the 1990s, also known as "apertura," on major variables, such as economic growth, the financial sector, labor markets, income distribution, equity, and poverty alleviation continued this biennium to capture the attention of economists in Colombia. However, studies on long-term, structural themes did become more prominent, including topics such as the complexities of agriculture and the rural sector, regional development, the labor market, income distribution, and industrial development. The latter represented approximately half of the works reviewed for HLAS 61.

Various works annotated for this chapter evaluate economic reforms from a political economy perspective (items #bi2001003613#, #bi2001003715#, and #bi2002003982#). The impact on the financial sector and exchange rates are analyzed in a number of other works (items #bi2005001252#, #bi2001004873#, and #bi2001005538#). Several analysts consider the impact of liberalization on agriculture and rural development (items #bi2003000649#, #bi2002003980#, and #bi 00006899#) and on the industrial sector (items #bi2001001266#, #bi2002003977#, #bi2002003957#, #bi2002003963#, and #bi2002003966#). A few authors study the labor market adjustment to the "apertura" (item #bi2005001253#) and provide evidence on income distribution trends (items #bi2001001267# and #bi2001003715#). Many of the works annotated address local and regional development and make recommendations to strengthen decentralization (items #bi2002003981#, #bi2002003975#, and #bi2002003984#). The special case of coffee production is considered by a small number of works (items #bi 00001568# and #bi2002003096#).

In this volume, the impact of drugs on the Colombian economy and society and the crucial goal of attaining a peaceful resolution to the guerrilla warfare are analyzed by a larger number of works than in the past (items #bi2002003990#, #bi2002003961#, #bi2001006201#, #bi2001006936#, #bi2005001301#, #bi2005001351# and #bi2002003979#).

The breadth of themes that are examined and the frequent inclusion of policy recommendations in the reviewed works is evidence of a generalized commitment to overcoming the various development challenges facing Colombia, notably, war. To a larger extent than before, authors reviewed are Colombians and while theoretical works remain relatively limited in number, applied works that use advanced econometric estimation techniques have markedly increased.


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