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Colombia’s Slow Economic Growth

From the Nineteenth to the Twenty-First Century

  • Book
  • © 2019

Overview

  • Offers a comparative perspective among the Hispanic American main economies
  • Examines the impact of technology and its adoption on economic growth
  • Of interest to researchers and students of Economic History and Latin America, as well as policy makers and development economists

Part of the book series: Palgrave Studies in Economic History (PEHS)

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Table of contents (7 chapters)

Keywords

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.

Authors and Affiliations

  • London School of Economics and Political Science, London, UK

    Ivan Luzardo-Luna

About the author

Ivan Luzardo-Luna is Researcher at the London School of Economics and Political Science, UK. His research interests include labour markets, post-crises behaviour and development economics in Latin America. 

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