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- W2342139269 abstract "agricultural policies and conditions in Colombia in order to evaluate the anticipated effects of increased petroleum revenues on sectoral develop ment. It will explicitly introduce elements of the structuralist approach, in particular the adjustment mechanisms in response to demand shocks and changes in the main relationships among productive sectors. It will examine the dynamics of tradable and non-tradable goods, the limited generation of rural employment, the stagnation of productivity, the concentration of land ownership, and the international economic environment. These factors have shaped the development of the Colombian agricultural sector through the implementation of government policies over at least the past four decades. The impact of DD?evident even before exports from the Cusiana and Cupiagua oil fields came on line?has made the effects of these factors even more severe. The present domestic macroeconomic environment and the political climate the country is experiencing, as well as the expected trajectory of international prices, give Colombia little hope for better eco nomic times in the foreseeable future. * Dutch disease is a conceptual model based on the experience of countries that have experienced negative consequences to their economies because of the bonanza effects of raw material exports, such as those experienced by the Netherlands as a result of the discovery of gas deposits in the North Sea. Dramatic increases in foreign exchange earnings and wage increases in the affected export sector may cause exchange-rate, wage, and other distortions in the economy as a whole, which may decrease the competitiveness of other sectors, and induce policy responses that are difficult to reverse once the boom has subsided. Dutch disease, then, has analogical conceptual value to understand a wide range of sectoral phenomena.?Eds. 205" @default.
- W2342139269 created "2016-06-24" @default.
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- W2342139269 date "2000-01-01" @default.
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- W2342139269 title "IV. Economic Perspectives: Agriculture and Institutions" @default.
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