Assignment

Columbia

Tabitha Stevens

Kaplan University

MT 220-01

Professor Charles Fail

July 14, 2012

Despite continued economic stagnation and depreciation of the peso. The economy did not suffer and dramatic collapses but, the president in 2002 Alvaro Uribe Velez brought a rebound in the investment and growth in 2003. The Uribe government’s plan for 2004-05 is to pursue an export-oriented strategy. The early 1980’s, successive Columbian governments had to contend with the terrorist and drug-trafficking activities of left wing guerrillas the rise of paramilitary self defense forces in the 1990’s and the violence of drug cartels. (n.d., 2012)

Columbia’s economic growth in the last decade can be attributed to an increase in security; resulting in greater foreign investment. Economic reforms under the labor action plan announced by President Obama and Santos on April 7, 2011. Colombian government recently began hiring 100 additional labor inspectorates by hiring 480 inspectors over the next 4 years. (n.d., 2012)

On trade United States exports to Columbia in 2010 were $12.1 billion, up 26% from the previous year. Columbia will be the site of the sixth summit of the Americas in April 2012. The International Labor Organization elected two Colombian members to its Administrative Tribunal in June 2011; Columbians have not held these positions for the last 13 years. (n.d., 2012)

Despite continued economic stagnation and depreciation of the peso the economy did not suffer any dramatic collapses but, the president in 2002 Alvaro Uribe Velez brought a rebound in investment and growth in 2003. The Uribe government’s plan for 2004-05 is to pursue an export-oriented strategy. (Butler, 1994-2006)

Columbia has one of the lowest ratios of paved roads per inhabitant in Latin America. The country has well-developed air and waterways routes the only means of transportation in 40 percent of the country is via waterways. But guerilla groups...