From the Industrialization Model by Import Substitution (ISI) to the Open Model Adopted in Colombia Since 1991

Authors

  • Hernando Hernández Lasso National University of Colombia

DOI:

https://doi.org/10.33423/jabe.v21i8.2588

Keywords:

Business, Economics, Economic Opening, Industrialization by Substitution of Imports, Industrialization, Colombia, Colombian industry

Abstract

This paper seeks to identify why Colombian industry was lagging at the time of its economic opening, as well as to identify the causes of failure of the Import Substitution Industrialization (ISI) model. To this end, two economic models seeking industrialization in Colombia are presented and contrasted. The impact of the post-1991 “aperturist” economic opening model is examined through several indicators, to elucidate the causes of the failure of the ISI model. This work is mainly inspired by the publications of Misas Arango, Bértola and Ocampo.

Downloads

Published

2019-12-30

How to Cite

Lasso, H. H. (2019). From the Industrialization Model by Import Substitution (ISI) to the Open Model Adopted in Colombia Since 1991. Journal of Applied Business and Economics, 21(8). https://doi.org/10.33423/jabe.v21i8.2588

Issue

Vol. 21 No. 8 (2019)

Section

Articles

License

Please review our Copyright Notice.