Colombia - Systematic Country Diagnostic Update : Together for a Better Future

Colombia has long held great promise. The World Bank’s 1950 report on Colombia, the institution’s first ever study on a developing country, declared, “The potentialities for development in the future are great.” The country boasts a vibrant culture, rich natural resources, and resilient people. Desp...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	Washington, DC 2022
Subjects:	ECONOMIC DEVELOPMENT INEQUALITY SLOW GROWTH HUMAN CAPITAL CLIMATE CHANGE IMPACT INEQUITY CLIMATE ADAPTATION IMPACT OF CONFLICT AND VIOLENCE PEACE AGREEMENT
Online Access:	http://documents.worldbank.org/curated/en/867211653321214486/Colombia-Systematic-Country-Diagnostic-Together-for-a-Better-Future http://hdl.handle.net/10986/37619

id	okr-10986-37619
recordtype	oai_dc
spelling	okr-10986-376192022-07-02T05:10:40Z Colombia - Systematic Country Diagnostic Update : Together for a Better Future World Bank ECONOMIC DEVELOPMENT INEQUALITY SLOW GROWTH HUMAN CAPITAL CLIMATE CHANGE IMPACT INEQUITY CLIMATE ADAPTATION IMPACT OF CONFLICT AND VIOLENCE PEACE AGREEMENT Colombia has long held great promise. The World Bank’s 1950 report on Colombia, the institution’s first ever study on a developing country, declared, “The potentialities for development in the future are great.” The country boasts a vibrant culture, rich natural resources, and resilient people. Despite its great potential, the country’s development has been disappointing. As recently as the early 1980s, Colombia’s income per capita was similar to that of Chile, Malaysia, Poland, and the Republic of Korea (Figure 1). Subsequent growth in those countries has exceeded Colombia’s, and the Republic of Korea is now four times richer in per capita terms than Colombia. Three interlocking long-run constraints have held Colombia back. The first is violence, which has claimed the lives of one million Colombians since 1948. The second is inequity rooted in the nation’s history—the Currie Report highlighted 70 years ago that “a wide disparity in levels of income exists between a small wealthy group and the great mass of the population.” The third is institutions that have favored the interests of an elite over inclusive growth. 2022-07-01T15:33:07Z 2022-07-01T15:33:07Z 2022-05 Report http://documents.worldbank.org/curated/en/867211653321214486/Colombia-Systematic-Country-Diagnostic-Together-for-a-Better-Future http://hdl.handle.net/10986/37619 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Systematic Country Diagnostic Country Focus Latin America & Caribbean Colombia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC DEVELOPMENT INEQUALITY SLOW GROWTH HUMAN CAPITAL CLIMATE CHANGE IMPACT INEQUITY CLIMATE ADAPTATION IMPACT OF CONFLICT AND VIOLENCE PEACE AGREEMENT
spellingShingle	ECONOMIC DEVELOPMENT INEQUALITY SLOW GROWTH HUMAN CAPITAL CLIMATE CHANGE IMPACT INEQUITY CLIMATE ADAPTATION IMPACT OF CONFLICT AND VIOLENCE PEACE AGREEMENT World Bank Colombia - Systematic Country Diagnostic Update : Together for a Better Future
geographic_facet	Latin America & Caribbean Colombia
description	Colombia has long held great promise. The World Bank’s 1950 report on Colombia, the institution’s first ever study on a developing country, declared, “The potentialities for development in the future are great.” The country boasts a vibrant culture, rich natural resources, and resilient people. Despite its great potential, the country’s development has been disappointing. As recently as the early 1980s, Colombia’s income per capita was similar to that of Chile, Malaysia, Poland, and the Republic of Korea (Figure 1). Subsequent growth in those countries has exceeded Colombia’s, and the Republic of Korea is now four times richer in per capita terms than Colombia. Three interlocking long-run constraints have held Colombia back. The first is violence, which has claimed the lives of one million Colombians since 1948. The second is inequity rooted in the nation’s history—the Currie Report highlighted 70 years ago that “a wide disparity in levels of income exists between a small wealthy group and the great mass of the population.” The third is institutions that have favored the interests of an elite over inclusive growth.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Colombia - Systematic Country Diagnostic Update : Together for a Better Future
title_short	Colombia - Systematic Country Diagnostic Update : Together for a Better Future
title_full	Colombia - Systematic Country Diagnostic Update : Together for a Better Future
title_fullStr	Colombia - Systematic Country Diagnostic Update : Together for a Better Future
title_full_unstemmed	Colombia - Systematic Country Diagnostic Update : Together for a Better Future
title_sort	colombia - systematic country diagnostic update : together for a better future
publisher	Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/867211653321214486/Colombia-Systematic-Country-Diagnostic-Together-for-a-Better-Future http://hdl.handle.net/10986/37619
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Colombia - Systematic Country Diagnostic Update : Together for a Better Future

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