img Leseprobe Leseprobe

Colombia’s Slow Economic Growth

From the Nineteenth to the Twenty-First Century

Ivan Luzardo-Luna

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Springer International Publishing img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Allgemeines, Lexika

Beschreibung

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.

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Schlagwörter

Mexican economic growth, Economic growth in the long-run, Latin American economic history, Technology and development, Colombian economic growth, Argentinian economic growth, General purpose technology, Comparative economic history, Economic policy in Latin America, Latin American economic development, Colombian economic history, Chilean economic growth