About this book
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.
- DOI https://doi.org/10.1007/978-3-030-25755-2
- Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019
- Publisher Name Palgrave Pivot, Cham
- eBook Packages Economics and Finance
- Print ISBN 978-3-030-25754-5
- Online ISBN 978-3-030-25755-2
- Series Print ISSN 2662-6497
- Series Online ISSN 2662-6500
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