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Economic growth of Colombia : problems and prospects (English)

In 1970 a large World Bank mission visited Colombia to make a comprehensive study of the economy. This report is the result of its investigation. It assesses the country's present needs and, through a novel preinvestment study program, makes recommendations for the future needs of particular sectors. The authors first discuss the issues which cut across particular sectors - employment, investment, public finance, regional development, and planning. They then go on to analyze the problems and prospects for particular sectors, among them industry, mining, agriculture, transport, communications, tourism, education, and public health.


  • Author

    Avramovic, Dragoslav

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  • Region

    Latin America & Caribbean,

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    Economic growth of Colombia : problems and prospects

  • Keywords

    Crop;Agriculture;national account;motor vehicle industry;Incremental Capital-Output Ratio;balance of payment;annual average growth rate;public expenditure for health;investment in water supply;labor force growth rate;water supply and sewerage;capital goods industry;foreign exchange supply;iron and steel industry;institute of development studies;rate of population growth;small farmer;rural area;electric power sector;large financial loss;rate of growth;gross domestic product;import of goods;urban labor force;formal education system;Manufacturing;grain sorghum;coffee price;merchandise export;urban unemployment;machinery and equipment;central government revenue;general hospital beds;gross fixed investment;Drainage and Irrigation;years of schooling;world market price;department of agriculture;international economic relation;access to hospital;rate of investment;international lending agency;output growth rate;fixed capital investment;labor force working;public health service;degrees of participation;projections of growth;electrical machinery industry;area under cultivation;large urban centers;location of industry;consumption of fertilizer;increases in output;fats and oil;supply of labor;water supply service;resource allocation decision;share of import;economically active population;category of health;health care system;policy of containment;national highway system;expenditures on education;national highway network;local telephone service;motor fuel consumption;manufacturing industry;air fare;rural population;average yield;coffee market;crop year;world consumption;crop area;world production;price policy;wheat;cheap labor;tourist area;government investment;open unemployment;upward shift;public saving;real income;current expenditure;program loans;public finance;policy question;price support;formal system;capital requirement;generating plant;transmission line;manufactured products;meat production;commercial farmer;domestic production;participation rate;active labor;gross investment;unemployment rate;labor supply;foreign assistance;international agency;chemical plant;Job Creation;annual wage;diversification program;aggregate output;industrial production;support price;farm size;gross product;crop yield;



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Avramovic, Dragoslav

Economic growth of Colombia : problems and prospects (English). World Bank country economic report Washington, D.C. : World Bank Group.