Characterization of Specialization Process of Colombian Economy Towards Extractive Sector

Type Journal Article - Ambiente y Sostenibilidad
Title Characterization of Specialization Process of Colombian Economy Towards Extractive Sector
Author(s)
Volume 5
Issue 1
Publication (Day/Month/Year) 2016
Page numbers 118-130
Abstract
Several authors claim that a large number of Latin American countries are reprimarizing their economies. Colombia has
been no exception, and although traditionally based its productive apparatus in primary sector activities such as
agriculture, logging, minerals and hydrocarbons, in the last two decades can be seen a sharper reprimarized
phenomenon to the sector mining and energy. Research related to the implications of the extractive, economically
speaking, broadly focus on economic growth as a variable of interest. In this sense, the present study seeks to provide
arguments to those criticisms about the advantages in economic matters has left the extractive industry in Colombia.
Firstly shows the evidence that reflect the type of Extractivism implemented in the country, focusing on the factors that
have promoted, and ultimately results in macroeconomic terms obtained by it, specifically in economic growth, demand
of local labor and deteriorating terms of trade. The paper ends with some conclusions drawn from the results of the
investigation.

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