Actions for Colombia's Slow Economic Growth [electronic resource] : From the Nineteenth to the Twenty-First Century

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Colombia's Slow Economic Growth [electronic resource] : From the Nineteenth to the Twenty-First Century / by Ivan Luzardo-Luna

Author
Luzardo-Luna, Ivan
Published
Cham : Springer International Publishing : Imprint: Palgrave Pivot, 2019.
Edition
1st ed. 2019.
Physical Description
XVI, 154 pages 42 illustrations, 25 illustrations in color : online resource
Additional Creators
SpringerLink (Online service)
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Series
Contents
1. The Particular Colombian Case in Latin America: A Singular Path with the Same Results -- 2. The Price of the Regeneration, 1870-1914: How Colombia Missed the Belle Époque -- 3. The Take-Off, 1914-1929: Coffee, Railways and Regional Divergence -- 4. The Liberal Republic, 1930-1945: Overcoming the Great Depression, the Rise of Interventionism and Economic Slowdown -- 5. The Import Substitution Era, 1945-1980: The Consolidation of Interventionism, Financial Repression and the Slow Way to Industrialisation -- 6. The Lost Decades, 1980-2000: External Debt, Structural Reforms and a Deep Financial Crisis -- 7. Commodities-Driven Growth, 2001-2018: The Colombian Miracle.
Summary
Looking at the years 1870-2016, this book analyses the reasons behind Colombia's chronically slow economic growth. As a comparative economic history, it examines why Colombia has seen lower growth rates than countries with similar institutions, culture and colonial origins, such as Argentina in 1870-1914, Mexico in 1930-1980, and Chile from 1982 onwards. While Colombia's history has shown relative macroeconomic stability, it has also shown a limited capacity for integrating into the world economy and embracing technological breakthroughs compared to the rest of the world, including steam, mass production and Information Technology. This volume thus moves away from the long-held view that institutional path-dependence is the main determinant of differences in long-run economic growth across countries.
Subject(s)
ISBN
9783030257552
Digital File Characteristics
text file PDF
Part Of
Springer eBooks
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