Publications
Publications
- May 2021
- HBS Case Collection
Colombia: An Economic Premium to Peace?
Abstract
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.
Keywords
Productivity; Productivity Growth; Conflict; Labor Force Participation; Labor Market; Competitiveness; Dutch Disease; Security; Peace; Informality; Labor Laws; Total Factor Productivity; Labor Productivity; COVID-19 Pandemic; Economics; Development Economics; Economic Growth; Economy; Macroeconomics; Conflict Management; Competitive Advantage; Infrastructure; Negotiation; Inflation and Deflation; Non-Renewable Energy; National Security; Government Administration; Latin America; Central America; Colombia; South America
Citation
Vietor, Richard H.K. "Colombia: An Economic Premium to Peace?" Harvard Business School Case 721-053, May 2021.