HOW TO MOTIVATE FASTER GROWTH IN COLOMBIA: THE LEADING SECTOR STRATEGY REVISITED

Authors

  • Roger J. Sandilands Roger Sandilands is a Reader in Economics. A graduate of Strathclyde and Simon Fraser Universities, he has held university posts in the United Kingdom, Canada, Singapore, Sweden and Peru, and has worked as an economic consultant to the United Nations, the Colombian Agricultural Research Institute, and the Colombian National Planning Office. His books include Monetary Correction and Housing Finance in Latin America (Gower, 1980): The Life and Political Economy of Lauchlin Currie: New Dealer, Presidential Adviser, and Development Economist (Duke University Press, 1990); and Money and Growth: Selected Paper of Allyn Abbott Young (Routledge, 1999).

Keywords:

Colombia, growth, structural changes, inflationary policies, leading sector theory of growth, housing sector, exports sector, development

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.

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Published

2002-12-31

Issue

No. 85 Oct-Dic 2002

Section

Research articles

License

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How to Cite

HOW TO MOTIVATE FASTER GROWTH IN COLOMBIA: THE LEADING SECTOR STRATEGY REVISITED. (2002). Estudios Gerenciales, (85), 67-80. https://webcache.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/99