Oecd Organisation for Economic Co-operation and Development

Oecd Economic Surveys: Colombia 2013: Economic Assessment Oecd Organisation for Economic Co-operation and Development

OECD's 2013 Economic Survey of Colombia examines recent economic developments, policies, and prospects as well as taking a more detailed look at inequality and productivity and growth.

Table of Content :

Executive summary
Assessment and recommendations
-Key challenges
-Recent macroeconomic developments and short-term prospects
-Adjusting to the commodity boom and a stronger real exchange rate
-Further structural reforms to boost sustainable economic growth and reduce income inequality
-Bibliography
Chapter 1.Tackling income inequality
-Setting the scene: Income inequality and poverty are very high by international standards
-Political violence has contributed to poverty
-Inequality in labour earnings is extremely high by international standards
-Inequality in wealth, land and capital income
-The tax system has little redistributive impact
-Cash transfers: Some are redistributive but pensions account for the bulk and are regressive
-Bibliography
Chapter 2. Boosting productivity and economic growth
-Despite ecocnomic growth, productivity has been weak
-Addressing regional disparities for sustainable economic growth
-Raising the coverage, quality and relevance of education is paramount for sustained productivity growth
-Promoting transport infrastructure policies
-Access to finance, especially for small firms, remains a binding constraint for economic growth
-Promoting competition and reducing tax distortions to enhance the business environment
-Bibliography
Glossary