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Colombia en las dos fases de globalización


  • Salomón Kalmanovitz

    () (Universidad Jorge Tadeo Lozano)


The 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.

Suggested Citation

  • Salomón Kalmanovitz, 2007. "Colombia en las dos fases de globalización," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 9(17), pages 43-74, July-Dece.
  • Handle: RePEc:rei:ecoins:v:9:y:2007:i:17:p:43-74

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    References listed on IDEAS

    1. 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, January.
    2. Carlos Esteban Posada & Miguel Urrutia Montoya, 2004. "Un Siglo de Crecimiento Económico," INVESTIGACIÓN ECONÓMICA EN COLOMBIA 003692, FUNDACIÓN PONDO.
    3. J. Bradford De Long, 1987. "Have Productivity Levels Converged? Productivity Growth, Convergence, and Welfare in the Very Long Run," NBER Working Papers 2419, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Gabriel Rueda Delgado, 2011. "Contabilidad para la equidad y la inclusión social: propuestas para una investigación interdisciplinaria a largo plazo," REVISTA FACULTAD DE CIENCIAS ECONÓMICAS, UNIVERSIDAD MILITAR NUEVA GRANADA, June.

    More about this item


    Colombia; globalization; economic development; international trade;

    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


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