Production Transformation Policy Review of Colombia
Unleashing Productivity
Colombia, the fourth largest economy in Latin America, is back on track after decades of conflict. The country is looking to open up opportunities by addressing structural challenges, further benefiting from trade and investment, and increasing productivity. Colombia's march towards prosperity requires transforming the economy through a renewed policy approach that prioritises an expanded knowledge base, unlocks regional potential and fast tracks digital technologies. The success will depend on Colombia’s capacity to leverage its long-standing planning capacity and its ability to bring together all the relevant stakeholders.
The Production Transformation Policy Review (PTPR) of Colombia provides a novel and timely assessment of the country's industrialisation strategies. It relies on international peer learning and domestic consensus building, and benefited from knowledge sharing through the OECD Initiative for Policy Dialogue on Global Value Chains, Production Transformation and Development.
Transforming industries: Unleashing the potential of Industry 4.0 in Colombia
Colombia needs to speed up digitalisation to transform its firms and industries. The country has advanced in digital connectivity. It has taken steps to update its training in digital skills and has a buoyant start-up scene. Now it needs to complement the current focus on technology adoption by identifying potential areas in which it can be an innovator and creator of knowledge-based solutions. This chapter reviews the progress Colombia has made in its digital transformation. It focuses on start-ups and existing firms, and concludes with a call to integrate the digital dimension in future policies for production development.