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Peace is Better Business, and Business Makes Better Peace: The Role of the Private Sector in Colombian Peace Processes


  • Rettberg, Angelika


The involvement of business in peace negotiations and peacebuilding has become a standard concern for countries involved in transitions from armed conflict. This article sheds light on the recent history of the private sector's role in peace processes in Colombia - a country that has been engulfed by conflict for almost five decades. The present paper illustrates how business perceptions and behavior have evolved throughout various attempts at negotiating peace, revealing that both the perceived costs of conflict and the expected benefits of peace play a part in promoting business pro-peace activism. A focus on business preferences is important for scholarly and public policy purposes. In light of dwindling international cooperation resources, it is likely that the Colombian state and society (mainly wealthy taxpayers and the business community) will bear the brunt of Colombia's peacebuilding costs. Understanding when, how, and why crucial allies (and potential foes) of peace processes become mobilized is therefore crucial for analyzing the prospects of durable peace in the country.

Suggested Citation

  • Rettberg, Angelika, 2013. "Peace is Better Business, and Business Makes Better Peace: The Role of the Private Sector in Colombian Peace Processes," GIGA Working Papers 240, GIGA German Institute of Global and Area Studies.
  • Handle: RePEc:zbw:gigawp:240

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    References listed on IDEAS

    1. Aarón Garavito A. & Ana María Iregui B. & María Teresa Ramírez G., 2012. "Inversión Extranjera Directa en Colombia: Evolución reciente y marco normativo," Borradores de Economia 713, Banco de la Republica de Colombia.
    2. Ana María Ibánez L. & Christian Jaramillo H., 2006. "Oportunidades de desarrollo económico en el posconflicto: propuesta de política," Coyuntura Económica, Fedesarrollo, December.
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    Cited by:

    1. Sandoval paucar, Giovanny & Arango ospina, Alexandra & Rodríguez vélez, Patricia & Santana oviedo, Millerlandy, 2018. "Análisis de las oportunidades laborales de los excombatientes: un enfoque desde la perspectiva del sector empresarial [Analysis of the labor opportunities of the ex-combatant: an approach from the ," MPRA Paper 87593, University Library of Munich, Germany.
    2. Rettberg, Angelika, 2016. "Need, creed, and greed: Understanding why business leaders focus on issues of peace," Business Horizons, Elsevier, vol. 59(5), pages 481-492.

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    More about this item


    Colombia; private sector; armed conflict; peace process; peacebuilding;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • N96 - Economic History - - Regional and Urban History - - - Latin America; Caribbean


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