The reinvention of Medellín

Andrés Sánchez

Lecturas de Economía, 2013, issue 78, 185-227

Abstract: With the adoption of the import substitution industrialization model, Medellín became Colombia’s main industrial hub. This success was based on the rise of its textile cluster, which constituted the primary source of urban economic growth during most of the twentieth century. However, excessive specialization in textile production generated a sharp industrial crisis associated to the commercial liberalization of the 1990s. In addition, the emergence of organized drug trafficking significantly increased the levels of violence. The combination between these two factors triggered a profound urban crisis characterized by institutional instability. Although this distressing scene seemed difficult to revert, Medellín figured out how to reinvent itself: violence decreased, social and economic indicators improved and the city decided to orient urban economic development towards the generation of knowledge and high tech products and services.

Keywords: Medellín; urban economy; industry; textiles (search for similar items in EconPapers)
JEL-codes: R11 R12 R19 (search for similar items in EconPapers)
Date: 2013
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