How to make Colombians richer? Drop the minimum wage
At COP515,000 pesos per month or roughly $278, the Colombian minimum wage is the second highest in all of Latin America in terms of GDP per capita. At first glance,…
At COP515,000 pesos per month or roughly $278, the Colombian minimum wage is the second highest in all of Latin America in terms of GDP per capita. At first glance,…
As well as their huge political implications for the U.S., last week’s midterm elections could have significant economic and social implications for Colombia. As the Republican Party swept the House…
In the past week, many analysts have warned of a possible bubble in the Colombian stock market. The IGBC has hit record highs this year growing approximately 37% approaching the…
Much has been said recently about the rise in the value of the Colombian peso, which has gained roughly 13% this year. Indeed, many are warning of Dutch Disease as…
Colombia’s central bank has recently discussed and presented to members of congress the idea of a new peso. The measure would consist of slashing three zeros from the end of…
An increasing amount of experts warn Colombia for the Dutch disease, claiming its growing export of natural resources is appreciating the country’s currency and negatively affecting other export sectors. While…
Virtually all Colombian beer brands are brewed by one company, Bavaria S.A. The SABMiller subsidiary holds 98% of the country’s beer market, not exactly a healthy environment to attempt competition.…
Colombia is one of the CIVETS, a set of six developing nations in which investors see particularly interesting potential. To meet this potential, Colombia’s priority should be the establishment of…
There is a hypothesis that economists call “The Impossible Trinity” or the “Trilemma,” which claims that countries cannot control the exchange rate of their currency, allow free capital movement, and…