Colombia in 2003

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Case Details:

Case Code : ECOA106
Case Length : 15 Pages
Period : 2003
Organization : -
Pub Date : 2003
Teaching Note :Not Available
Countries : Colombia, Latin America
Industry : -

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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

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Excerpts

Background Note

Early History
Little is known about the various Indian tribes who inhabited Colombia before the Spanish arrived. In 1510, the Spaniards founded Darien, the first permanent European settlement on the American mainland. In 1538, they established the colony of New Granada, the area's name until 1861...

Recent Developments
In 1998, Colombians elected as their president Andres Pastrana, former mayor of Bogotá and son of Misael Pastrana from a prominent political family. He pledged to clean up corruption. In 1999 the Colombian military reported 2,787 kidnappings, the largest number in the world...

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Law & Order

Maintaining law and order had been one of the major challenges in recent times for Colombian governments. Murder often went unpunished in the country. Only around 40% of murders were ever investigated. Only one murder in ten resulted in an arrest. Even then murderers served an average of only four-and-a-half years in jail...

Economic Policies

In the 1960s, Colombia's income distribution was highly unequal, even by Latin American standards. But between 1970 and 1995, the country made good progress in cutting poverty and inequality...

The Industry

Mineral production in Colombia was dominated by the fuel sector. The country was the fourth largest producer of both crude petroleum and coal in Latin America. Petroleum was the backbone of the mineral industry, providing a large portion of Government revenues...

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