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Colombia Future

In: Business and Management

Submitted By jfelipe27
Words 559
Pages 3
Thanks Alberto, very interesting article and analysis. As in the article there is an interview of the formal financial minister of Colombia, I think it would be interesting to compliment it with my point of view of the Colombian situation.
As you mentioned, Colombia has being relying its growth in commodities with no added value as oil, carbon, chemicals and gold; but with the internal war, the situation is a little bit more complicated.
On the first hand, Colombia´s agricultural exploitation didn’t started too long ago as the level of war didn’t allow it. This means that the level of production is still far from its real potential, not only because productivity is very low, but also because the level of empty/nonproductive land is extremely high. As a result, even if we are talking about commodities, Colombia should keep on developing agriculture but in a more productive way. In this regard, three actions must be carrying on: * Very high investment in infrastructure: this is one of the biggest problems that faces the country, affecting both agriculture and industry. At the present there is barely river navigation, there are no train railways and highways are embarrassing. * Technology: Production in Colombia is very rustic and as a result, productivity is very low. Investing and promoting responsible agro industrial projects will allow the country to take profit of its amazing natural resources. * Empty land distribution: As a consequence of the war, nowadays the government has an immense amount of empty land in their possession. The main debates in the government turns around the ways that they should manage it (even in the peace agreement that it is being negotiated)
On the second hand, it is impossible for an economy to exclusively relay in commodities; it will lead to an intensive dependence in other economies. Therefore, the country should

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