Colombia: The Economic Foundation of Peace

Marcelo Giugale, O. Lafourcade, Connie Luff

World Bank Publications, 2003 - Political Science - 994 pages

A compendium of Colombia's development process, this book is intended to provide the incoming Presidential Administration with a comprehensive account of diagnostics and policy recommendations for the sectors that contribute to the country's development path. This book begins by offering a synthesis of the development challenges that the incoming president is likely to face as well as possible policy responses. Thirty-one sector-specific chapters make up Part II. Throughout, the intention is not to provide definitive answers, but to elicit and support policy debate in Colombia at this historic time.

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Selected pages

I Rationale and Organization	xxxv

II Central Messages	xxxvi

a Achieving Fast and Sustainable Growth	xxxviii

b Sharing the Fruits of Growth	5

c Building a Government of Quality	11

IV A Path to a New Colombia	15

Thematic Notes	19

Violence Sustainable Peace and Development I Introduction II Violence Trends and Characteristics	21

A Dual Quality of Government	118

Box 1 Budget Implementation and Control	119

III The Problem with the Coexistence of Strong and Weak Governance	122

Selectivity and Gradualism in Building HighQuality Government	124

Box 2	125

Box 3	126

Box 4	127

Box 6	128

Figure 1	22

Figure 2	24

III Sources of Violence and Conflict	25

a Armed Conflict	26

b Social Conflict	27

Figure 3	29

a Economic Costs of Violence	30

b Social Costs of Violence	33

V Toward Building Peace and Sustainable and Equitable Development	35

a Armed Conflict and Drug Trade	36

b Underlying Social Conflicts	37

c Critical Elements of Strategic Approach	40

VI Conclusion	41

References	42

I Introduction	45

a Background	46

c Debt Management	47

d Fiscal Adjustment Options	48

III Ensuring a Healthy Financial System	51

IV Creating a Business Environment to Foster Private Sector Development	55

V Improvement in Infrastructure and Public Services to Foster Competitiveness	56

a Energy Sector	57

b Telecommunications	60

c Transport	62

d Urban Development and LowIncome Housing	64

e Superintendence of Domestic Public Services	65

a Rural and Agricultural Development	67

b Water Resources Management	69

c Potable Water Supply Sanitation and Wastewater Treatment	70

e Disaster Management and Disaster Insurance Mechanisms	72

VII Conclusions	74

Shared Growth Poverty and Inequality I Introduction	75

b Persistent Social Progress	77

Table 2	78

Table 3	79

b Increasing Macroeconomic Instability and Judicial Uncertainty	81

c The Growing Burden of Violence and Crime	82

Induced by Higher Wage Skill Premia and Eroding Potential Welfare Gains	83

Figure 1	85

IV Resulting Vulnerability	86

Table 5	87

Employment the Efficient and Equitable Provision of Public Services and Security	88

a Restore Economic Growth to Accelerate Job Creation and Reverse the Rise in Poverty	89

Figure 2	90

b Improve the Equity and Efficiency of Public Social Services	91

Figure 3	92

Table 7	93

c Establish a Functional Social Safety Net	95

a Raising the Income of the Poor	97

c Reducing Exposure to Risk	98

Table A1	99

Table A2	108

Table A3	112

Table A4	113

References	114

The Demand for Governance and Quality of Government I Summary	117

Achieving Fast and Sustainable Growth	129

Macroeconomic and Fiscal Frameworks	131

I The 1990s From Rapid Growth to Recession	133

Table 2	135

Figure 2	137

Figure 3	138

a Fiscal Sustainability	143

b Expenditures	145

Figure 4	146

c Net Worth and Illusory Adjustment	150

d Revenues	151

Figure 5	152

e The Central Bank	153

IV Conclusions	154

References	156

The Tax System I Introduction II Background	159

Issues and Policy Recommendations	164

a National Taxes	165

b Subnational Taxes	170

c Tax Administration	172

A Summary of Previous Tax Reforms	174

References	177

Public Debt Sustainability and Management I Summary II Background	179

Figure 1	180

Figure 2	182

Figure 3	183

Figure 4	184

Figure 5	185

Figure 6	186

III Issues Diagnosis and Policy Recommendations a The Primary Balance and Debt Sustainability	187

Table 1	188

Figure 8	189

Figure 10	191

Figure 11	194

Figure 13 Public External Debt Ratios	196

d Policy Legal and Institutional Framework for Central Government Debt Management	198

e Strengthening the Framework for Debt Management	203

f Estimated Fiscal Impact	211

Key Elements of Vulnerability of Central Government Debt Table A11	213

Figure AI1	214

Figure AI3	215

Figure AI4	216

Figure AI5	217

Figure AI7	218

Figure AI8	219

Analytical Framework for Fiscal Sustainability	220

Figure AIII1	225

Figure AIII4	227

Figure AI 116	229

Figure AIII8	230

Figure AIII10	231

Figure AV1	238

Box AVI	239

The Financial Sector I Background	241

II The Financial Crisis Management Strategy	243

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Colombia: The Economic Foundation of Peace
Marcelo Giugale,O. Lafourcade,Connie Luff
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Common terms and phrases

administration affiliates Afro-Colombian agricultural Argentina armed conflict assets average Barranquilla benefits biodiversity Bogotá Bogotá River Bucaramanga budget capacity capital catastrophe bonds central government cities coffee Colombia communities contributions costs countercyclical coverage debt decentralization economic ECOPETROL effective efficiency entities environmental expenditures Figure fiscal fiscal adjustment framework funds groups growth hectares households impact implementation improve incentives income increase indigenous infrastructure institutions investment issues labor land Latin America liabilities macroeconomic Medellín ment million municipalities operations options participation percent of GDP Plan poor portfolio poverty private sector problems production programs protection public sector reduce reform regional regulatory responsible revenues risk role rural areas securitization SISBEN social safety net strategy subnational subsidies subsidized regime sustainable Table Telesecundaria territorial tion transfers Transmilenio transport urban violence workers World Bank

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Bibliographic information

Title	Colombia: The Economic Foundation of Peace Other World Bank Bks
Editors	Marcelo Giugale, O. Lafourcade, Connie Luff
Edition	illustrated
Publisher	World Bank Publications, 2003
ISBN	0821353489, 9780821353486
Length	994 pages
Subjects	Business & Economics › Development › Economic Development Business & Economics / Development / Economic Development Business & Economics / Economic History Business & Economics / International / Economics History / Latin America / General Political Science / Comparative Politics Political Science / General

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