Advanced Search
MyIDEAS: Login to save this paper or follow this series

Cali a comienzos del Siglo XXI: ¿Crisis o recuperación?

Contents:

Author Info

  • Andrea Otero

    ()

Abstract

During the nineties, Cali went through a series of events that resulted into a crisis. In the same decade happened: the economic liberalization, the largest mortgage crisis over the past 30 years of the country, the crisis in public finances of the city and the upsurge of drug trafficking. These factors, jointly, had adverse consequences for the economic growth of the city, especially for the industrial sector. At the beginning of the XXI Century, the city tries to recover from that terrible decade. The services and trade sector is the most important, while industry shows some positive results. However, Cali has high rates of unemployment, poverty and inequality. The education and public finances sectors also require interventions, since the results obtained in these two fields are lower than those attained by similar cities. But the main problem of the city is violence, reflected in high homicide rates and its impact on the dynamics of physical, human and social capital accumulation. Drug trafficking, historical and current, seems to be the reason for this situation. That activity has contributed to increase levels of violence in Cali and other municipalities of Valle del Cauca, and weakens local institutions, encourages corruption and creates a bad investment climate that affects industry negatively. RESUMEN: Durante los noventa, Cali pasó por una serie de eventos que desencadenaron una crisis. En una misma década sucedieron: la apertura económica, la crisis hipotecaria más importante de los últimos 30 años del país, la crisis en las finanzas públicas de la ciudad y el recrudecimiento del narcotráfico, los cuales, en conjunto, afectaron negativamente el crecimiento económico de la ciudad y tuvieron repercusiones especiales sobre el sector industrial. A comienzos del Siglo XXI, la ciudad intenta recuperarse de lo sucedido. El sector dedicado al comercio y los servicios es el más importante, mientras que la industria se recupera. Sin embargo, Cali presenta altas tasas de desempleo, pobreza y desigualdad. El sector educativo y las finanzas públicas también requieren intervenciones, ya que los resultados obtenidos en estos dos campos son inferiores a las de otras ciudades comparables. Pero el principal problema de la ciudad es la violencia, que se refleja en una alta tasa de homicidio y en su impacto sobre la acumulación de capital físico, humano y social. El narcotráfico, histórico y actual, parece ser el culpable de esta situación. Esta actividad ha contribuido a aumentar los niveles de violencia en Cali y otros municipios del Valle del Cauca, además de debilitar las instituciones locales, fomentar la corrupción y generar un mal clima de inversión que no favorece a la industria.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.banrep.gov.co/documentos/publicaciones/regional/documentos/dtser_172.pdf
Our checks indicate that this address may not be valid because: 404 Not Found (http://www.banrep.gov.co/documentos/publicaciones/regional/documentos/dtser_172.pdf [302 Found]--> http://www.banrep.gov.co/sites/default/files/publicaciones/archivos/dtser_172.pdf). If this is indeed the case, please notify (Banco De La República - Economía Regional)
Download Restriction: no

Bibliographic Info

Paper provided by BANCO DE LA REPÚBLICA - ECONOMÍA REGIONAL in its series DOCUMENTOS DE TRABAJO SOBRE ECONOMÍA REGIONAL with number 009903.

as in new window
Length: 0
Date of creation: 26 Aug 2012
Date of revision:
Handle: RePEc:col:000102:009903

Contact details of provider:

Related research

Keywords: Crecimiento económico; violencia; narcotráfico; crisis; Cali.;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:col:000102:009903. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Banco De La República - Economía Regional).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.