The historians of the globalization process divide it in two great periods: 1860 to 1914, followed by the disintegration of trade, capital and labor flows, and from 1950 to the present. This essay attempts to understand the performance of the Colombian economy during the two globalizations. In...

The economic slowdown experienced in Colombia since 1980 is explained by the structural stagnation of the national economy and the escalation of violence associated with the expansion of drug trafficking. The available data do not reject this hypothesis. The article sustains that...

Este artículo estudia los efectos que una apertura global al comercio exterior tiene sobre la productividad a nivel de empresa y a nivel de industria en un entorno donde existen diferencias intersectoriales en niveles de competencia inicial. Los sectores menos competitivos sufren mucho más la...

En el presente trabajo se aplica el modelo de restricción de balanza de pagos de Thirlwall a la economía argentina en el periodo 1968-2003 y en subperiodos seleccionados. Los objetivos centrales son dos. En primer lugar, a través de dicho modelo indagar en las causas del lento crecimiento...

In recent years, Bolivia has made progress in terms of poverty reduction; however, many households still live with low incomes or face deprivations in other aspects. For this reason, this study aims to estimate the evolution of poverty, both in multidimensional and monetary terms, as well as the...

This paper studies the evolution of per capita income disparities across Latin America between 1950 and 2008 through an analysis of beta and sigma convergence. Our main objective is to detect whether countries have converged to a common stead state in per capita income or if on the contrary,...

It has long been believed that commodity price variability causes problems for primary producing and dependent countries. This paper tests the effects of price uncertainty (volatility) on economic growth. The model is constructed using a yearly panel data for the ten biggest countries in South...

Thirlwall (1979) argues that the development of a country depends of the rest of the world´s dynamics and the degree of imports openness, which implies that the growth is limited by the current account of the balance of payments. The aim of this study is to estimate the Thirlwall´s affirmation...