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Colombias Slow Economic Growth

Colombias Slow Economic Growth

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9783030257545
Condition
New
Product Description

Looking at the years 1870-2016, this book analyses the reasons behind Colombias 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.

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