Average Colombian better off than average world citizen: Prosperity index

Average Colombian better off than average world citizen: Prosperity index

Photo: La FM

The average Colombian is better off than the average world citizen, a recently published global prosperity index claimed.

The index prepared by investment think tank Legatum Institute put together six core principles of prosperity that have been widely discussed in both the academic and policy community, and which we are documented to have a strong relationship with both GDP and individual well-being in a country.

The principles are: Opportunity; Education; Health; Freedom; Safety; and Social Values.

Other two variables included in the ranking are Economy and Governance.

Colombia was ranked 66th overall among all the countries, a result inside the upper middle level, though only 5 positions away from the lower middle tier.

Colombia not quite Norway
Top of the pecking order for the fifth time running is Norway, ahead of Switzerland and rapidly improving New Zealand. At the bottom sits Central African Republic, accompanied by other Sub-Saharan countries.

Colombia is the 8th among all Latin American countries, far behind the region’s leaders Uruguay (30th), Chile (33rd) and Costa Rica (34th).

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Colombia’s economy the most stable in Latin America: David Gerstenhaber, Argonaut Capital Management, shares his top trades now

David Gerstenhaber, Argonaut Capital Management, shares his top trades now during an interview in CNBC: Fast Money.
Video Here:http://video.cnbc.com/gallery/?video=3000182150

He considers Colombia the Most Stable Economy in Latin America with 5.5% – 3 year paper putting it on a BUY List. Colombia: An incredibly well managed economy.

David Gerstenhaber, Argonaut Capital Management, shares his top trades now

David Gerstenhaber, Argonaut Capital Management, shares his top trades now

Colombia’s Economic Outlook in the Global Landscape


What are the next steps to maintain economic growth in a recovering international economy? At the AS/COA Latin American Conference in Bogota, speakers answered this question, explainig the context of Colombia’s economic growth in the last year and debating what still needs to be done for the country to reach its potential.

What’s ahead for Colombia’s economy depends on the international economy’s progress, but the country’s monetary policy, investments in infrastructure, and Colombian trade expansion could change this year’s course.

The Bank of the Republic’s Juan Pablo Zárate gave a presentation about Colombia’s monetary policy in the context of today’s world monetary and exchange rate scenario. Over the year, Colombia’s monetary policy favored less exchange-rate appreciation, characterized by interest rates reduction and currency intervention, as the country increased foreign currency purchase, jumping from buying $20 million between June and July of 2012 to $37 million between February and May of this year. Zárate also added that there are positive fiscal incentives on the horizon, as it is expected that local governments in Colombia will spend more this year and that there will be housing market improvements due to government subsidy programs focused on reducing interest rates.

Source: AS/COA Bogotá Blog 2013

Is Colombia The Indonesia Of Latin America?

by Heather West


Colombia is growing despite its violent past (source: Olivia Fernandez, London)

For several years now global investors have looked to the Southeast Asian archipelago of Indonesia as one of the great growth opportunities in Asia-Pacific, with its natural resources, its fast-growing economy and 250 million people to pay for Western soft drinks, laundry detergent and banking services.

After recently returning from four years in Asia, I now sense the same whiff of mystique and intrigue about Colombia as I did with Indonesia, with optimistic investors citing statistics about its growth potential and yet still huddling up to discuss concerns about illicit activity.

Many ask, why Colombia? After all, the name is still largely synonymous with the drug trade for many Americans who watched Hollywood flicks in the 90s. And a simple scan on Amazon for books about Colombia will return results primarily for travel guides, and one titled: Bang Colombia: Textbook On How To Sleep With Colombian Women. Another on the list is More Terrible Than Death: Drug, Violence and America’s War in Colombia.

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Bolsa de Colombia se promocionará en Londres y Nueva York


El mercado de valores colombiano estará de gira en Nueva York y Londres, dos de los centros financieros más importantes del mundo, para mostrar el buen momento por el que atraviesa el país, su economía y la industria bursátil local.
Foto: Archivo Particular

Las empresas más importantes listadas en la Bolsa de Valores estarán de gira promocionando el mercado en ambas capitales. El presidente Santos los acompañaría.
Por segundo año consecutivo el mercado de valores colombiano estará de gira en Nueva York y Londres, dos de los centros financieros más importantes del mundo, para mostrar el buen momento por el que atraviesa el país, su economía y la industria bursátil local.

Colombia Insideout, como se denomina la iniciativa liderada por la Bolsa de Valores de Colombia y Deceval, con el patrocinio de Citi, se realizará entre el 3 y el 7 de junio próximos y servirá de escenario para hablar de algunas de las razones que hicieron que recientemente Standard and Poor´s aumentara la calificación de inversión del país a triple B (BBB), indicó la Bolsa de Valores de Colombia.

“En esta ocasión estarán junto a ellos una veintena de representantes de las empresas más importantes del mercado, entre las que están Banco de Bogotá, Bancolombia, BVC, Canacol, Celsia, Cementos Argos, Cemex Latam Holdings y Davivienda”, informaron los organizadores de Colombia Insideout, e.
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Tourism in Colombia: Breaking the Spell of Negative Publicity.


Negative perceptions die hard. The February 2012 U.S. Department of State, Bureau of Consular Affairs’ travel warning for Mexico began this way: “Millions of U.S. citizens safely visit Mexico each year for study, tourism and business, including more than 150,000 who cross the border every day.”

In contrast, the analogous warning for Colombia was: “The Department of State reminds U.S. citizens of the dangers of travel to Colombia.” Consider that, in 2009, there was one intentional homicide per 100,000 in Mexico, and just 0.5 in Colombia, according to the United Nations’ “Global Study on Homicide 2011.” In 2011, there were 1,327 kidnappings in Mexico, compared with 298 in Colombia, according to InSightCrime.org and a January 2012 El Espectador article. This equates to a 75% higher per capita kidnapping rate in Mexico. Colombia’s immense economic potential is still held back by a now-inaccurate image of terrorism and violence.

The greater Colombian economy — specifically its tourism industry — is the best positioned of any in Latin America to expand steadily in the coming decades. Its breadth of geographic, natural resource and labor diversity positions it advantageously. However, it has failed over the last decade to capitalize on this advantage through poor brand management, a misunderstanding of the importance of its international perception and a number of larger, strategic infrastructural challenges. Other Latin American countries, even some with violent histories, have better managed these challenges. Colombia can still transform itself into the premier tourism destination at the center of the Americas.

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USA Elections 2010

Election Center - CNN

Almost everything there is to know about the U.S Midterm Elections in November 2nd.

Source: CNN – Politics

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