[Economics] Colombia 2011 economics

[Mr.Jhorjan]

 

Link:https://es.wikipedia.org/wiki/Economía_de_Colombia

 

Colombia's economy is the fourth largest in Latin America, according to gross domestic product.2425 It stands out in the international arena for its solidity and dynamism, reflected in the significant growth it has experienced in recent decades in the export of merchandise and the attractiveness it offers to foreign investment. It is the fourth largest economy in Latin America, after Brazil, Mexico and Argentina, and has become one of the main markets for foreign direct investment in the region. At a global level, it is among the 30 largest in the world.2627

Until the 1950s and even until the previous decade, Colombia's main means of obtaining foreign currency focused mainly on external sales of coffee. However, there are several sectors that made Colombia one of the most recognized countries for its production, such as emeralds and floriculture. The automotive and textile industry sectors also stand out and it is a large exporter of gold, sapphires and diamonds, among other products.28

Colombia participates in several international organizations and communities in search of cooperation and consolidation of actions for economic development.[1] At a global level, it is part of the World Trade Organization (WTO), the Organization for Economic Cooperation and Development (OECD)29 and the CIVETS block of emerging countries (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa) . At the continental level, it is a member of organizations such as the Inter-American Development Bank (IDB), the Andean Community of Nations (CAN), the Union of South American Nations (UNASUR) and, recently, the Pacific Alliance.30

History
Pre-Hispanic Period
Subsistence agriculture was the main productive activity in the pre-Hispanic economy.31 Other activities that were also important in the pre-Hispanic economy in Colombia were the exploitation of mineral deposits (especially gold and salt), and the production of textiles, ceramics and goldsmith's articles.32 The possession and work of the land, like the exploitation of mines, was of a collective or community nature, not applying the concept of private property in those cases.31 In the pre-Hispanic societies of Colombia there was no currency, so that surplus production was exchanged through barter.33