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South American: Colombia's International Trade Essay Example

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South American: Colombia's International Trade

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South American: Colombia's International Trade. The government of the country has also faced challenges in different aspects that include income inequality, unemployment, and corruption, which altogether weakened it internally and disrupted its economic progress as compared to other neighboring countries during the mentioned period. There are also challenges in the field of healthcare, infrastructure, and education prevailing within the national boundaries of Colombia. Understanding these lacunas, in the post-conflict situation currently, the government has planned to develop control throughout the nation, so that economic, political along with social conditions can be stabilized to a certain extent. In this regard, the government has been observed to have adopted different measures that include expansionary economic policies, legal reformation strategies, and trade liberalization ideologies to ensure better economic progress (Beittel, The key economic indicators of Colombia are described illustratively below.

As mentioned above, according to the most recent forecasts, the aggregate population of Colombia is estimated to be around 46.25 million by July 2014 (CIA, “Colombia”). The demographic profile of Colombia is in a transition phase owing to its decline in several factors that include mortality, population growth rates, and fertility. Additionally, the country is witnessed to have refugee flows as well as economic emigrations both in a legal as well as illegal manner significantly in the recent years, which has added to its increase in population along the rise in the risks of unidentified health issues for the existing population. Moreover, the population growth rate of Colombia is estimated at 1.07% during the year 2014. The majority of the population of the country is identified to be under poverty line due to corruption, conflict situation and income inequality, which again makes the country in a less comparatively advanced position when compared within the international dimension (CIA, “Colombia”). South American: Colombia's International Trade.

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Works Cited

Attanasio, Orazio, Goldberg, Pinelopi K. and Nina Pavcnik. “Trade Reforms and Income Inequality in Colombia.” IMF Conference on Macroeconomic Policies and Poverty Reduction (2002): 1-16. Print.

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Beittel, June S. Colombia: Background, U.S. Relations, and Congressional Interest. 2012. Web. 23 Mar. 2014.

Bombardini, Matilde, Kurz, Christopher J. and Peter M. Morrow. “Ricardian Trade and The Impact of Domestic Competition on Export Performance.” National Bureau of Economic Research and the Canadian Institute for Advanced Research (2011): 1-37. Print.

“U.S. Relations with Colombia.” Bureau of Public Affairs. 2013. Web. 23 Mar. 2014.

“The World Factbook.” CIA. 2014. Web. 23 Mar. 2014.

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Demidova, Stetlana and Kala Krishna. “Trade and Trade Policy with Differentiated Products: A Chamberlinian - Ricardian Model.” Journal of International Trade & Economic Development 16.3 (2007): 435-441. Print.

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Gracia, Orlando and Hernando Zuleta. “The Free Trade Agreement between Colombia and USA: What can happen to Colombia?” Fenalce (2004): 1-50. Print.

Goldberg, Pinelopi Koujianou and Nina Pavcnik. “Trade, Wages, and the Political Economy of Trade Protection: Evidence from the Colombian Trade Reforms.” Dartmouth College (2004): 1-43. Print.

Hernández, Gonzalo. “Terms of Trade and Output Fluctuations in Colombia.” Economics Department Working Paper Series (2011): 1-48. Print.

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“Colombia.” Nuffic. 2012. Web. 23 Mar. 2014.

Office of the United States Trade Representative. Colombia. 2014. Web. 11 Apr. 2014.

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Perez-Rincon, Mario Alejandro. Colombian International Trade from a Physical Perspective: Towards an Ecological. 2006. Web. 23 Mar. 2014.

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preview essay on South American: Colombia's International Trade
  • Pages: 17 (4250 words)
  • Document Type: Research Paper
  • Subject: Macro & Microeconomics
  • Level: Undergraduate
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