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Globalization, Territory and Institutions: The Case of Barranquilla, Colombia, 1990 - 2010

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  • William R. Baca-Mejia
  • Jairo J. Parada

Abstract

This paper studies the relationship between globalization and territory from an institutional economics perspective. The goal is to show that the notion of territory as a specific geographic space is an important factor and that territory exists wherever human agency interacts with social, political, institutional and economic structures. From this perspective, we examine the case of Barranquilla, Colombia, to show that cities must not only be close to the sea to take part in the global economy but that ceremonial/instrumental institutional patterns are also important to understand and evaluate the impact of globalization on a specific territory. When several leaders of Barranquilla’s social and economic sectors exhibited a clear civic commitment (i.e., when they supported instrumental institutions), the city achieved a good economic performance. The opposite outcome happened when ceremonial features and inadequate institutions had imposed their logic on the city’s economy.

Suggested Citation

  • William R. Baca-Mejia & Jairo J. Parada, 2014. "Globalization, Territory and Institutions: The Case of Barranquilla, Colombia, 1990 - 2010," Revista Economía y Región, Universidad Tecnológica de Bolívar, vol. 8(1), pages 31-57, June.
    • Handle: RePEc:col:000411:011959
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    File URL: https://revistas.utb.edu.co/index.php/economiayregion/article/view/62
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    References listed on IDEAS

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    1. Keith Acheson, 2011. "Globalization," Chapters, in: Ruth Towse (ed.), A Handbook of Cultural Economics, Second Edition, chapter 31, Edward Elgar Publishing.
    2. Bonet-Morón, Jaime Alfredo, 2007. "Desindustrialización y terciarización espuria en el Departamento del Atlántico, 1990-2005," Chapters, in: Meisel-Roca, Adolfo (ed.), Las economías departamentales del Caribe continental colombiano, chapter 1, pages 13-95, Banco de la Republica de Colombia.
    3. G. Hodgson, 2007. "What Are Institutions?," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
    4. Bervejillo, Federico, 1996. "Territorios en la globalización: cambio global y estrategias de desarrollo territorial," Series Históricas 9773, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. Veblen, Thorstein, 1998. "Why Is Economics Not an Evolutionary Science?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(4), pages 403-414, July.
    6. Stallings, Barbara, 2001. "Globalization and liberalization: the impact on developing countries," Macroeconomía del Desarrollo 5427, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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    Cited by:

    1. Juanita Aldana-Domínguez & Carlos Montes & José A. González, 2018. "Understanding the Past to Envision a Sustainable Future: A Social–Ecological History of the Barranquilla Metropolitan Area (Colombia)," Sustainability, MDPI, vol. 10(7), pages 1-18, June.

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    More about this item

    Keywords

    Globalization; territory; institutions; Barranquilla; Colombia;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • R19 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Other

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