Vista Equipo: Colombia's Efforts at Achieving Inclusive and Sustainable Growth: The Road Traveled and the Challenges Ahead

Colombia's Efforts at Achieving Inclusive and Sustainable Growth: The Road Traveled and the Challenges Ahead

"At the end of the 1980s Colombia confronted a situation of low growth and an unsettled domestic security situation. In order to address these issues, a comprehensive reform effort was undertaken starting in 1990. The reform agenda comprised market-driven reforms aimed at enhancing competition...

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Detalles Bibliográficos
Autores Principales:	Steiner, Roberto, Clavijo, Irene, Salazar, Natalia
Publicado:	2015
Materias:	Crecimiento Económico Política Pública
Acceso en línea:	http://hdl.handle.net/11445/1023

id	ir-11445-1023
recordtype	dspace
spelling	ir-11445-10232017-06-17T18:12:46Z Colombia's Efforts at Achieving Inclusive and Sustainable Growth: The Road Traveled and the Challenges Ahead Steiner, Roberto Clavijo, Irene Salazar, Natalia Crecimiento Económico Política Pública "At the end of the 1980s Colombia confronted a situation of low growth and an unsettled domestic security situation. In order to address these issues, a comprehensive reform effort was undertaken starting in 1990. The reform agenda comprised market-driven reforms aimed at enhancing competition and the role of the private sector as well as a vast array of institutional reforms aimed at strengthening macro stability, promoting equality of opportunities in the political and judicial arena, and broad sharing the benefits of growth across regions and individuals. In this paper we show that this ambitious reform drive proved to be very challenging, with reforms aimed at strengthening some foundations for growth actually weakening others. Restrictions from the local environment and issues of design did not allow many of the reforms to fully deliver on their promise. In particular, the benefits of having broadened opportunities through fiscal decentralization, the enhancement of social expenditure and the expansion of access to the judicial system, must be contrasted with the fiscal deterioration and the rise of macro vulnerability that ensued. Starting in 1999 three governments tackled some of the salient problems. While this effort, coupled with a supportive external environment and improved security have delivered a favorable economic outcome, challenges remain in order to further strengthen the foundations for growth. This paper will provide proposals to that effect, with emphasis on the need to remove some of the limitations imposed by the local environment, particularly those arising from a very active judicial system." O40 O43 2015-12-10T12:16:07Z 2016-01-21T02:39:06Z 2017-04-18T21:15:17Z 2017-06-17T18:12:46Z 2015-12-10T12:16:07Z 2016-01-21T02:39:06Z 2017-04-18T21:15:17Z 2017-06-17T18:12:46Z 2008-06 http://hdl.handle.net/11445/1023 application/pdf
institution	Fedesarrollo
collection	DSpace
topic	Crecimiento Económico Política Pública
spellingShingle	Crecimiento Económico Política Pública Steiner, Roberto Clavijo, Irene Salazar, Natalia Colombia's Efforts at Achieving Inclusive and Sustainable Growth: The Road Traveled and the Challenges Ahead
description	"At the end of the 1980s Colombia confronted a situation of low growth and an unsettled domestic security situation. In order to address these issues, a comprehensive reform effort was undertaken starting in 1990. The reform agenda comprised market-driven reforms aimed at enhancing competition and the role of the private sector as well as a vast array of institutional reforms aimed at strengthening macro stability, promoting equality of opportunities in the political and judicial arena, and broad sharing the benefits of growth across regions and individuals. In this paper we show that this ambitious reform drive proved to be very challenging, with reforms aimed at strengthening some foundations for growth actually weakening others. Restrictions from the local environment and issues of design did not allow many of the reforms to fully deliver on their promise. In particular, the benefits of having broadened opportunities through fiscal decentralization, the enhancement of social expenditure and the expansion of access to the judicial system, must be contrasted with the fiscal deterioration and the rise of macro vulnerability that ensued. Starting in 1999 three governments tackled some of the salient problems. While this effort, coupled with a supportive external environment and improved security have delivered a favorable economic outcome, challenges remain in order to further strengthen the foundations for growth. This paper will provide proposals to that effect, with emphasis on the need to remove some of the limitations imposed by the local environment, particularly those arising from a very active judicial system."
author	Steiner, Roberto Clavijo, Irene Salazar, Natalia
author_facet	Steiner, Roberto Clavijo, Irene Salazar, Natalia
author_sort	Steiner, Roberto
title	Colombia's Efforts at Achieving Inclusive and Sustainable Growth: The Road Traveled and the Challenges Ahead
title_short	Colombia's Efforts at Achieving Inclusive and Sustainable Growth: The Road Traveled and the Challenges Ahead
title_full	Colombia's Efforts at Achieving Inclusive and Sustainable Growth: The Road Traveled and the Challenges Ahead
title_fullStr	Colombia's Efforts at Achieving Inclusive and Sustainable Growth: The Road Traveled and the Challenges Ahead
title_full_unstemmed	Colombia's Efforts at Achieving Inclusive and Sustainable Growth: The Road Traveled and the Challenges Ahead
title_sort	colombia's efforts at achieving inclusive and sustainable growth: the road traveled and the challenges ahead
publishDate	2015
url	http://hdl.handle.net/11445/1023
_version_	1626719579971518464
score	12,131701

Colombia's Efforts at Achieving Inclusive and Sustainable Growth: The Road Traveled and the Challenges Ahead

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