Abstract

HERNANDEZ, Adolfo; JIMENEZ GIRALDO, Dora Elena; SALDARRIAGA ISAZA, Adrián  and  MOISA ELICABIDE, Laura Carla. Impact of Foreign Direct Investment on Climate Change and Employment in Colombia, Reflections within the Framework of Sustainable Development. Rev.fac.cienc.econ. [online]. 2024, vol.32, n.2, pp.163-182.  Epub Dec 30, 2024. ISSN 0121-6805.  https://doi.org/10.18359/rfce.7000.

This article evaluates the impact of foreign direct investment (FDI) on employment and its quality, and on climate change, within the framework of discussions on sustainable development. Initially, a reflection is made on the concept of sustainable development to understand it broadly. In a second part, the type of FDI that has entered Colombia is characterized, showing that one of the main receiving sectors has been the mining-energy sector and the acquisition of existing companies in sectors such as services and manufacturing. Then, the sectoral impact of employment in Colombia and the type of investment is generally analyzed based on the relationship that exists between the type of investment and job creation, and production and sectoral employment elasticities. On the other hand, the environmental impact evidenced by greenhouse gas emissions is evaluated. For the latter, the relationship between economic growth and environmental degradation is analyzed in order to determine if FDI has had any direct or indirect effect on the increase in gas emissions into the atmosphere.

Keywords : Sustainable Development; Foreign Direct Investment; Employment; Climate Change; Colombia.

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