Picture map of Europe with pins indicating European capital cities

Open Access research with a European policy impact...

The Strathprints institutional repository is a digital archive of University of Strathclyde's Open Access research outputs. Strathprints provides access to thousands of Open Access research papers by Strathclyde researchers, including by researchers from the European Policies Research Centre (EPRC).

EPRC is a leading institute in Europe for comparative research on public policy, with a particular focus on regional development policies. Spanning 30 European countries, EPRC research programmes have a strong emphasis on applied research and knowledge exchange, including the provision of policy advice to EU institutions and national and sub-national government authorities throughout Europe.

Explore research outputs by the European Policies Research Centre...

How to motivate faster growth in Colombia: the leading sector strategy revisited

Sandilands, R.J. (2002) How to motivate faster growth in Colombia: the leading sector strategy revisited. Estudios Gerenciales, 85. pp. 67-80.

[img]
Preview
PDF (strathprints007238.pdf)
strathprints007238.pdf

Download (139kB) | Preview

Abstract

This paper reproduces two public lectures given at an Incolda conference in Bogota, October 1, 2002 on La Realidad de la Economía Colombiana. It reviews the great structuralchanges in output and employment over recent decades and how macroeconomic policies can strengthen or weaken the natural forces underlying these changes. It distinguishes between potentially inflationary policies designed to increase demand ina monetary sense, and those that focus on institutional changes that enhance competition and mobility. It explains how inflation distorts the allocation of resources, and why it especially harms long-term housing finance and exports. It explains the logic of Lauchlin Currie¿s leading sector theory of growth and shows whyand how housing and exports can be given special protection to accelerate development.