Chapter

Colombia

Guillermo Cruces, Gary S. Fields, David Jaume and Mariana Viollaz

in Growth, Employment, and Poverty in Latin America

Published in print May 2017 | ISBN: 9780198801085
Published online June 2017 | e-ISBN: 9780191840241 | DOI: http://dx.doi.org/10.1093/oso/9780198801085.003.0011

Series: WIDER Studies in Development Economics


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Between 2000 and 2013, Colombia experienced rapid economic growth. The country suffered a slowdown at the beginning of the period and during the international crisis of 2008, but during both slowdowns, the growth rate never turned negative. The chapter shows that most labour market indicators improved and followed the pattern of economic growth over the period. The only labour market indicator that did not improve between 2001 and 2013 was the employment structure by occupational position. The labour market indicators that were not affected negatively by the economic crisis were labour earnings, the poverty indices, and household per capita income inequality.

Keywords: Colombia; economic growth; international crisis; labour market indicators; employment

Chapter.  7576 words. 

Subjects: Economic Development and Growth

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