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OECD Review of Agricultural Policies: Colombia 2015

image of OECD Review of Agricultural Policies: Colombia 2015

This review assesses the performance of Colombian agriculture over the last two decades, evaluates Colombian agricultural policy reforms and provides recommendations to address key challenges in the future. The evaluation is based on the approach that agriculture policy should be evidence-based and carefully designed and implemented to support productivity, competitiveness and sustainability, while avoiding unnecessary distortions to production decisions and to trade. The report includes a special chapter focusing on agricultural innovation.

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General characteristics of Colombia's economy

This chapter outlines the geographic, demographic and political characteristics of Colombia. Colombia is the fifth largest and the third most populous country in Latin America, with a surface of 1.1 million km2 and a population of 47 million people. The country enjoys a privileged geographical position being the only South American country that borders both the Atlantic and the Pacific Oceans and is rich in terms of natural resources. The chapter goes on to look at the macroeconomic performance of Colombia and its socio-economic context. In the early 1990s, ambitious economic liberalisation reforms were undertaken. However, in 1998-99, Colombia’s economy experienced a severe economic and financial crisis, which triggered a series of reforms that fostered macroeconomic stabilisation and spurred growth. The chapter also considers the characteristics of the business environment and identifies infrastructure challenges.

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