Centre for Entrepreneurship, SMEs, Regions and Cities
Production Transformation Policy Review of Colombia
Colombia, the fourth largest economy in Latin America, is back on track after decades
of conflict. The country is looking to open up opportunities by addressing structural
challenges, further benefiting from trade and investment, and increasing productivity.
Colombia's march towards prosperity requires transforming the economy through a renewed
policy approach that prioritises an expanded knowledge base, unlocks regional potential
and fast tracks digital technologies. The success will depend on Colombia’s capacity
to leverage its long-standing planning capacity and its ability to bring together
all the relevant stakeholders.
The Production Transformation Policy Review (PTPR) of Colombia provides a novel and
timely assessment of the country's industrialisation strategies. It relies on international
peer learning and domestic consensus building, and benefited from knowledge sharing
through the OECD Initiative for Policy Dialogue on Global Value Chains, Production
Transformation and Development.