Colombia’s Economy May Yet Catch Up to the Hype (Bloomberg) $ (Non-Paywalled)
- The country is full of entrepreneurial energy and vibrant businesses but has struggled to achieve robust growth. That could change.
- [Left-wing president] Petro’s party holds only a small number of seats in the two houses of Congress, limiting its influence.
- By World Bank estimates, Colombia has a per capita income of slightly more than $16,000, using purchasing power parity standards. For purposes of comparison, Mexico comes in at slightly over $20,000. Argentina is considered to have been an economic failure since the Peronist years, but still has a per capita income exceeding $22,000.
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