Economic development in Colombia since the early twentieth century

José Antonio Ocampo and Carmen Astrid Romero Baquero

Revista CEPAL, 2024

Abstract: This article analyses Colombia’s economic growth performance since the early twentieth century, the evolution of the public policies that have contributed to this and its main effects on social development and regional inequalities. Economic performance is divided into three periods: 1905–1929, 1930–1980 and 1981–2023. The first was characterized by the expansion of coffee production, an infrastructure investment boom and the beginning of oil extraction. The second saw the consolidation of industrial development and the diversification of agricultural production and exports. The last was characterized by increased State provision of social services, administrative decentralization and liberalization of foreign trade and the financial system, a combination whose economic results were deindustrialization, export reprimarization (with oil as the main product) and increased macroeconomic volatility.

Date: 2024-08
References: Add references at CitEc
Citations:

Downloads: (external link)
http://repositorio.cepal.org/handle/11362/81135

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecr:col070:81135

Access Statistics for this article

More articles in Revista CEPAL from Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) Contact information at EDIRC.
Bibliographic data for series maintained by Biblioteca CEPAL ().