How to motivate faster growth in Colombia: the leading sector strategy revisited
This paper reproduces two public lectures given at an Incolda conference in Bogota, October 1, 2002 on «La Realidad de la Economía Colombiana ». It reviews the great structural changes in output and employment over recent decades and how macroeconomic policies can strengthen or weaken the na...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | Spanish |
| Published: |
Universidad ICESI
2002-01-01
|
| Series: | Estudios Gerenciales |
| Online Access: | http://www.redalyc.org/articulo.oa?id=21208503 |
| Summary: | This paper reproduces two public lectures
given at an Incolda conference
in Bogota, October 1, 2002 on «La
Realidad de la Economía Colombiana
». It reviews the great structural
changes in output and employment
over recent decades and how macroeconomic
policies can strengthen or
weaken the natural forces underlying
these changes. It distinguishes
between potentially inflationary policies
designed to increase demand in
a monetary sense, and those that focus
on institutional changes that enhance
competition and mobility. It
explains how inflation distorts the
allocation of resources, and why it
especially harms long-term housing
finance and exports. It explains the
logic of Lauchlin Curries leading sector
theory of growth and shows why
and how housing and exports can be
given special protection to accelerate
development. |
|---|---|
| ISSN: | 0123-5923 |