In the shadow of a violent and drug-fuelled past, business confidence is growing in Colombia, a country that has been transformed over the past decade
Tags: South America, Colombia, development, economic.
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As we all know when the Spanish came in and barbarically took over people who didn't have the technology to defend themselves. They were searched high and low for the necessities that the king and explorers were looking for. Now after many years Columbia was looked at as a poor country in need, glad to hear thats not the case.
It was refreshing to read about Colombia's improving economy and the growth of its middle class, although I am uncertain of how "real" any of this progress really is. Although the article talked up the growth of Colombia's industry and business, raw materials still constitute 72% of its exports as I read in another article, meaning that much remains to be done in terms of investment and diversifying the nation's economy. It was interesting to see how the continent is plagued by many of the same problems- poor infrastructure and government corruption, both the legacy of hundreds of years of colonial domination. It was this combination that allowed for the domination of national politics and the economy by the narcotics trade for much of the late 20th century. For the sake of the Colombian people, I hope that their nation's economy continues to grow, allowing unemployment to fall and the poverty rate to drop. It will be interesting to see how the Chinese recession affects this growth.
Columbia is well on its way to being a thriving economic powerhouse. They left the past behind with the violent and drugs now transformed by bringing businesses in and integrate western technologies. It shows that any country can rebuild and change itself if it has the potential and remove the on going problems that is bringing the country down. Progress happens slowly and when it down it will take off toward a new direction.