OECD economic surveys: Colombia 2017

by Olaberria, Eduardo

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Title Statements

Full title :OECD economic surveys : Colombia 2017 / prepared by Eduardo Olaberria and XChristine de la Maisonneuve.

Summary

OECD Economic Surveys are periodic reviews of member and non-member economies. Reviews of member and some non-member economies are on a two-year cycle; other selected non-member economies are also reviewed from time to time. Each Economic Survey provides a comprehensive analysis of economic developments, with chapters covering key economic challenges and policy recommendations addressing these challenges. Growth in Colombia has been among the strongest in the region, reflecting the flexible exchange rate and inflation targeting monetary policy, and fiscal rules. The strong growth and welfare programmes to the most vulnerable groups have substantially reduced poverty. Lower taxes and fees on wages have brought more people to better quality formal jobs, thereby raising both productivity and inclusiveness. Productivity and job opportunities have also been enhanced by recent reforms facilitating the opening of business, obtaining construction permits, registering property and paying taxes. However, productivity growth is still low and the gap between rich and poor among the highest in Latin America. Informality and gender gaps remain high, and social mobility low. Years of armed conflict, stringent local regulations and distortions in the tax system have created disparities in productivity and access to basic services across regions. Further simplifying procedures for company registration and the affiliation of workers to social security, improving labour market programmes, expanding early childhood education, and raising education quality would boost inclusion, social mobility and living standards. Greater and more affordable child, elderly and disability care would open the job market to more women. Raising productivity will be fundamental to continued increases in living standards for all Colombians.

Edition Statements

Publication Date:2017.

Publication Statements

Publisher(s):OECD
Place of Publication:Paris
Language:eng
Publication Date:2017.

The Physical Object

Description:1 online resource (1 electronic resource (129 pages)) : : colour illustrations

Edition Identifiers

ISBN:9789264275669, 9264275665, 9789264275621, 9264275622, 9789264275690, 926427569X
oclc:on1004885089
LC Classification:HC197
Dewey Decimal:330.98610632

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