Colombia en las dos fases de globalización
AbstractThe historians of the globalization process divide it in two great periods: 1860 to 1914, followed by the disintegration of trade, capital and labor flows, and from 1950 to the present. This essay attempts to understand the performance of the Colombian economy during the two globalizations. In spite of entering into the first phase late, it did very well, maybe because its point of departure on the scale of development was extremely low. The participation of the flows of trade and capital in its gross product increased systematically until 1930. In the second phase, however, Colombia’s performance was mediocre, with high barriers imposed against trade and foreign investment, while at the same time its financial sector was repressed to benefit some agents with political power.
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Bibliographic InfoArticle provided by Universidad Externado de Colombia - Facultad de Economía in its journal Revista de Economía Institucional.
Volume (Year): 9 (2007)
Issue (Month): 17 (July-December)
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More information through EDIRC
Colombia; globalization; economic development; international trade;
Find related papers by JEL classification:
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Carlos Esteban Posada & Miguel Urrutia Montoya, 2004. "Un Siglo de Crecimiento Económico," INVESTIGACIÃN ECONÃMICA EN COLOMBIA 003692, FUNDACIÓN PONDO.
- Kevin H. O'Rourke & Jeffrey G. Williamson, 2001. "Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650592.
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