OECD economic surveys [electronic resource] . Colombia 2013 : economic assessment.

Format:

Book

Author/Creator:

OECD Staff, Corporate Author.

Series:

OECD economic surveys, 0376-6438

Language:

English

Subjects (All):

Colombia--Economic conditions.

Colombia.

Colombia--Economic policy.

Physical Description:

1 online resource (138 p.)

Place of Publication:

[Paris] : OECD, 2013.

Language Note:

English

Summary:

OECD's 2013 Economic Survey of Colombia examines recent economic developments, policies, and prospects as well as taking a more detailed look at inequality and productivity and growth.

Contents:

Table of contents; Basic statistics of Colombia, 2011; Executive summary; Box 1. Key policy recommendations; Assessment and recommendations; Key challenges; Table 1. The Colombian economy in perspective; Figure 1. The sources of real income differences; Figure 2. Progress in labour productivity has been slow; Figure 3. The divide between the rich and the poor is quite pronounced; Recent macroeconomic developments and short-term prospects; The mining boom helped Colombia weather the global economic slowdown; Figure 4. Recent macroeconomic developments

The positive short-term prospects are clouded by downside risksFigure 5. Recent developments in consumer prices and real wages; Table 2. Projections for Colombia; Macroeconomic policies have been prudent and overall supportive; Box 2. The peace process; Figure 6. Fiscal outcomes; Table 3. The composition of central government debt has improved significantly; Figure 7. Spreads on credit default swaps (10 years); Figure 8. Exchange rate and interest rate differentials; Box 3. Recommendations on macroeconomic policy; Adjusting to the commodity boom and a stronger real exchange rate

The expansion of the mining sector and the rising terms of trade have affected the level and composition of economic activityFigure 9. Developments in prices, exports and activity in resource-rich countries; Further policy reforms can help the adjustment process; Box 4. Free trade agreements concluded by Colombia; Figure 10. Colombia's main trading partners; Box 5. Colombia's structural fiscal balance rule; Figure 11. Share of total royalties allocated to individual regions before and after the reform; Box 6. The new royalty system

Box 7. Main policy recommendations to facilitate the economy's adjustment to the commodity boomFurther structural reforms to boost sustainable economic growth and reduce income inequality; Improving the performance of the labour market; Figure 12. The unemployment rate is high; Figure 13. The minimum wage is relatively high; Figure 14. Informality, minimum wage and incomes by regions; Figure 15. Colombia spends more on education but gets less in return than many other countries; Box 8. Main policy recommendations to boost employment in the formal sector

Improving public sector governance and product market regulationBox 9. Main policy recommendations to improve the institutional and regulatory business environment; Better access to credit to boost private investment and productivity; Figure 16. Interest rate spread in selected OECD and Latin American economies; Box 10. Main policy recommendations to promote private investment by improving access to credit; Investment in infrastructure to boost productivity and reduce regional disparities; Figure 17. Renegociation incidence of concession contracts in 8 Latin American countries

Box 11. Main policy recommendations to improve infrastructure

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

9789264182271

9264182276

OCLC:

830162871