Crisis and economic policy in Colombia 1980 - 1985

The paper is divided in five sections. We first sketch the initial conditions i-e-, the state of the economy in 1980. In part II, performance in terms of economic growth, inflation and employment in the 1980s is reviewed. In part III and IV, external and fiscal conditions in the first half of the 1980s are analyzed. A final section presents the major conclusions of the paper and the prospects for recovery.