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South American: Colombia's International Trade Essay Example

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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”).

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preview essay on South American: Colombia's International Trade
  • Pages: 17 (4000 words)
  • Document Type: Research Paper
  • Subject: Macro & Microeconomics
  • Level: Undergraduate
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