Colombia: An Economic Premium to Peace?

Colombia, once the fastest growing country in Latin America, continues to struggle with productivity. Both labor productivity and total factor productivity have been low for the past decade, despite economic growth of 4.7% annually. Many factors contribute, which President Duque, and President Santos before him, have tried to address. But now, however, President Duque has even larger institutional problems to solve—implementation of the peace treaty, dealing with Venezuelan refugees and COVID—amidst a macroeconomic and political crisis induced by the pandemic.