Thursday, August 9, 2012
Will the Dutch Disease Kill Hopes Raised by Colombia's Free Trade Agreement?
After a torturous journey through Congress, the United States-Colombia Trade Promotion Agreement (CTPA), first signed in 2006, came into effect on May 15 of this year. The agreement has raised high hopes in Colombia, for which the United States is by far the largest trading partner. However, while the CTPA was fighting its way through a six-year obstacle course, a new threat to Colombia’s economy has emerged in the form of the dreaded Dutch Disease, which afflicts resource-rich countries in many parts of the world. >>>Read more