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Colombia's International Trade - Research Paper Example

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A paper "Colombia's International Trade" outlines that the unemployment rate in the country has risen further owing to the concentration of land ownership along with income inequality. There have been developments witnessed in the economic conditions of the country…
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Colombias International Trade
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Colombia's International Trade

Download file to see previous pages... Additionally, there are other factors responsible for the growth of the economic conditions, which include reduction of public debt, rigid government budgets, increased export activities and increased commodity prices. Contextually, improvements relating to security of business affairs and trade policies have been accountable for attracting greater Foreign Direct Investment (FDI) within its national markets, which is further expected to yield greater benefits to the economy in the long run through enriched international collaborations (Beittel, “Colombia: Background, U.S. Relations, and Congressional Interest”). Contextually, trade operations are determined to play an effective role in developing the economy on the continuous basis over the long run rather than focusing merely on short-run benefits. In this regard, the government has adopted important measures of performing international trade activities with other countries. Moreover, the government has also entered into free trade agreements with the US. Subsequently, the growth of trade operations is quite likely to facilitate in enhancing import along with export operations to a considerable extent. The country is also identified to acquire energy along with mineral resources in abundance to support its developmental needs in the near future (LTBS, “Focus on Colombia”). Prior to assessing Colombia’s economic indicators, it is essential to note that the country has been engaged in conflicts and dispute situations for a period of five decades in the recent past till the present scenario between Colombian government, the ‘National Liberation Army’ (ELN) and the ‘Revolutionary Armed Forces of Colombia’ (FARC) during the 1950s (Lopez 6-20). ...Download file to see next pagesRead More
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