2002
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Estudios Gerenciales
Roger J. Sandilands, « How to motivate faster growth in Colombia: the leading sector strategy revisited », Estudios Gerenciales, ID : 10670/1.kndqut
"This paper reproduces two public lecturesgiven at an Incolda conferencein Bogota, October 1, 2002 on «LaRealidad de la Economía Colombiana». It reviews the great structuralchanges in output and employmentover recent decades and how macroeconomicpolicies can strengthen orweaken the natural forces underlyingthese changes. It distinguishesbetween potentially inflationary policiesdesigned to increase demand ina monetary sense, and those that focuson institutional changes that enhancecompetition and mobility. Itexplains how inflation distorts theallocation of resources, and why itespecially harms long-term housingfinance and exports. It explains thelogic of Lauchlin Curries leading sectortheory of growth and shows whyand how housing and exports can begiven special protection to acceleratedevelopment."