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Colombia - Manufacturing sector developments and changes in foreign trade and financial policies : Summary report (Inglês)

This two-volume report explores the links between foreign trade incentives and major variables in the manufacturing sector: output, prices, exports and employment. It finds that changes in these variables have been significantly influenced by Colombia's foreign trade strategy, and it suggests that improvements in trade policies should lead to improvements in manufacturing sector performance. The manufacturing sector has generally been able to maintain its international competitiveness in operational terms during the late 1970s, suggesting that further import liberalization can be undertaken with some confidence provided that an appropriate exchange rate regime prevails. Analysis of two principal subsectors which have already faced strong competition from imports supports this view. Volume I specifically discusses: foreign trade incentives and major sector variables; financial policies and industrial development; and, industrial sector developments and specific issues. Volume II of the report provides a detailed analysis and appendices.

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