Colombia has transformed itself into one of the fastest-growing countries in Latin America, and many economists expect this growth to continue
The challenges that remain are typical of many rapid-growth economies: they involve logistics and strategic choices, not survival.
As befits a country at the heart of Latin America, Colombia has learned from the region’s other leading economies. From Mexico, Colombia has grasped the value of free trade agreements. From Brazil, Colombia has gained a sense of how a government can use its influence to foster commerce.
Given Colombia’s low inflation, conservative economic policies and thoughtful management, foreign investment in Colombia continues to grow as the world rediscovers a country that was once all but written off by many global businesses.
Colombia offers not only a stable economy but also geographic proximity to both Latin America and the US.
Even as more direct investment arrives in Colombia, more Colombian companies are starting to look abroad for new sources of business. Although the Colombian economy is still skewed heavily toward commodity exports, businesses are rapidly diversifying as their confidence and experience grows.
The results of our 2013 Latin America Outbound Expansion Survey and our qualitative research show that Colombian companies are poised to benefit significantly from outbound expansion.