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Colombia’s International Economic Insertion Strategies: An Appraisal of the Foreign Direct Investment and Free Trade Agreements

ABSTRACT

Through the analysis of quantitative data from various sources, this article shows that Colombia has maintained a homogenous strategy for attracting foreign investment, but the absence of productive development policies in specific areas has led this investment to concentrate on the mining and energy sector. Likewise, Colombia’s strategy of signing Free Trade Agreements (FTAs) has been unfocused, inasmuch as trade policy has remained disjointed from productive transformation and development aims, which has, in turn, contributed to reprimarization of the country’s productive and export structure. The dispersal of both strategies has generated a precarious international economic insertion for Colombia, particularly on its impact on economic development. This assessment contributes to the existing literature in putting together data from different sources and covering a broad period, which helps to deepen the analysis of Colombia’s strategies of economic insertion.

international economic insertion; foreign direct investment; free trade agreements; reprimarization; Colombia

Instituto de Estudos Sociais e Políticos (IESP) da Universidade do Estado do Rio de Janeiro (UERJ) R. da Matriz, 82, Botafogo, 22260-100 Rio de Janeiro RJ Brazil, Tel. (55 21) 2266-8300, Fax: (55 21) 2266-8345 - Rio de Janeiro - RJ - Brazil
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