Industrial Policies in Colombia

Marcela Meléndez and Guillermo Perry

No 4669, Research Department Publications from Inter-American Development Bank, Research Department

Abstract: This paper surveys and analyzes industrial policies in Colombia, finding extensive use of productive development policies (PDPs) and despite claims of only moderate government intervention. Rarely explicitly associated with the need to address market failures, PDPs are instead associated with economic reactivation and vaguely defined “competitiveness.” There are also PDPs that address government failures considered unlikely to be corrected by first-best interventions. Colombia has made progress, however, in structuring an institutional setting for PDP design that is sufficiently linked with private sector groups to elicit information on constraints and opportunities that require government intervention. Nonetheless, the overall set of PDPs in place still lacks coherence and is not always guided by the policy requests of the private sector more widely defined.

Keywords: Industrial policy; Productive development policy; Colombia (search for similar items in EconPapers)
JEL-codes: L52 L66 L67 L86 (search for similar items in EconPapers)
Date: 2010-06
New Economics Papers: this item is included in nep-dev
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Working Paper: Industrial policies in Colombia (2009)
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