This paper examines the decentralization process in Colombia, particularly as it relates to reforms embodied in the 1991 Constitution, and the bailouts of territorial entities that have occurred in subsequent years as a result of perverse incentive structures. The paper provides a summary of the...

As the globalization of the world economy proceeds apace, Colombia must cope with an increasingly competitive international economic environment. The need to compete for highly mobile international capital is an essential component of the fiscal landscape in all countries in today's global...

As the globalization of the world economy proceeds apace, Colombia must cope with an increasingly competitive international economic environment. The need to compete for highly mobile international capital is an essential component of the fiscal landscape in all countries in today's global...