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Articles

Vol. 15 No. 1 (2014): Vol. XV No. 1 Primer Semestre Enero-Junio 2014

Colombia 2000-2013: relationship between economic growth and international trade

DOI
https://doi.org/10.22267/rtend.141501.53
Submitted
September 24, 2014
Published
2014-08-01

Abstract

Taking into account main features from the immediate Colombian economic and social history, namely from 2000 to 2013, this study analyses relationships among major economic variables, especially economic growth and international trade links. In order to present a more complete picture, this research incorporates the study of annual rate of inflation and rates of unemployment, as well. Colombian economic policy, mostly since the implementation of political measures based on the “Washington Consensus” has reinforced the role of exports as a crucial factor to obtain economic growth. The main argument of this research is that –rather than the quantum of exports– is the price of products in the international area the primary responsible for improving international trade relationships.

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