Colombia: An Opening Economy?

by Frank R. Gunter, Colleen Callahan (Editor)

Has the liberalization of the Colombian economy gone too far or not far enough? This second volume of studies on the Colombian economy seeks to shed some light on this difficult question. A variety of issues related to the economic opening or liberalization (commonly referred to as apertura) of Colombia are discussed. The authors' analysis not only improves our understanding of Colombia during a period of dramatic change but also may provide insight into the impact of liberalization throughout Latin America.

442 pages, Hardcover

First published January 1, 1999

Reviews

[Brian · Rating 4 out of 5]

The 84th installment in the Contemporary Studies in Economic and Financial Analysis provides a fresh perspective on the economic development of Colombia. The articles that comprise the edition take a look at how Colombia's economy has been opening up and becoming more like a classical liberal market. The book takes several perspectives and does an excellent job on showing how the microlevel is impacting the country along with the relatively good management of the macroeconomic sector. While ISI was experimented with it was quickly stopped and the debt crisis of Latin America really did not effect Colombia. The economics of crime have been a factor impacting the country and the high level of drug use is a concern and a problem. The drug use has a direct correlation to violent crime and drug use in Colombia is very high even compared to OECD countries. The book is very well done and highly recommended for those who want to gain a sense of how Colombia's economic development has gone over the last twenty five years.