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Revista de Economía del Caribe
Print version ISSN 2011-2106On-line version ISSN 2145-9363
Abstract
REDONDO OCHOA, José. Mining-energy boom and deepening of dependence in Colombia: insertion in an export model of productive specialization post-1990. rev. econ. Caribe [online]. 2021, n.27, pp.41-64. Epub Jan 30, 2022. ISSN 2011-2106.
This article aims to advance the understanding of the causes of the greater dependence and vulnerability of the Colombian economy, as a result of the process of trade liberalization and financial deregulation, which began in the country in the early 1990s. It is argued that the insertion in a primary-export model of productive specialization, aimed at commodities of the extractive sector, has deepened macroeconomic instability in recent years, given the recurring fluctuations in the international price of mining-energy products. In addition, it is stated that the granting of greater benefits to foreign capital that invests in this sector has contributed to the exacerbation of dependence.
Keywords : primary-export model; productive specialization; mining-energy sector; macroeconomic vulnerability; foreign capital flows.