Colombia's Slow Economic Growth

<p>Looking at the years 1870-2016, this book analyses the reasons behind Colombia’s chronically slow economic growth. As a comparative economic history, it examines why Colombia has seen lower growth rates than countries with similar institutions, culture and colonial origins, such as Argentina in 1870-1914, Mexico in 1930-1980, and Chile from 1982 onwards.</p><p>While Colombia's history has shown relative macroeconomic stability, it has also shown&nbsp;a limited capacity for integrating into the world economy and embracing technological breakthroughs compared to the rest of the world, including steam, mass production and Information Technology.&nbsp;This volume thus moves away from the long-held view that institutional path dependence is the main determinant of differences in long-run economic growth across countries.</p>