Corruption in Colombia
Corruption in Colombia
BUS 1020
Prof. William Troy
Yadira Hilario
Brodie Green
Michael Guzman
Paul Hastings
Emily Hofmeister
Table of Contents
IntroductionInflation and Stability of Colombian PesoBackground of EconomyGovernment ImageGovernment InfrastructureConflicts Between Political PartiesSigns of ImprovementPolitical HistoryCorruption in ElectionsDrug TradeForeign InvestmentIndustries for InvestmentMajor InvestorsCorruption and InvestmentConclusion | 11334567899 |
From the collapse of Gran Colombia in 1830, Colombia was one of the three countries that emerged. There has been a four-decade long conflict between government forces and anti-government groups, such as the Revolutionary Armed Forces of Columbia (FARC) who are funded by the drug trade, has escalated over the years. Since about 2002 the violence has decreased a slit amount because of the lack of the military and popular support necessary to overthrow the government. However these groups of insurgents have continued to attack civilians. Large areas around Columbia are under the revolutionary influence. By the end of 2006, more than 31,000 former governments’ officials had ceased to function as long as the formal organization the United Self Defense Forces of Colombia (AUC). When this occurred criminal groups arose and members included former government officials. The Colombia Government has made efforts to advance government control throughout the country.
In order to understand how corruption is affecting Colombia, we must first examine concrete economical statistics. The Colombian Peso exchange rate depreciated 6.64 percent against the US Dollar during the last 12 months. The Colombian Peso spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the COP. While the Colombian Peso spot exchange rate is quoted and exchanged in the same day, the Colombian Peso forward rate is quoted today but for delivery and payment on a specific future
BUS 1020
Prof. William Troy
Yadira Hilario
Brodie Green
Michael Guzman
Paul Hastings
Emily Hofmeister
Table of Contents
IntroductionInflation and Stability of Colombian PesoBackground of EconomyGovernment ImageGovernment InfrastructureConflicts Between Political PartiesSigns of ImprovementPolitical HistoryCorruption in ElectionsDrug TradeForeign InvestmentIndustries for InvestmentMajor InvestorsCorruption and InvestmentConclusion | 11334567899 |
From the collapse of Gran Colombia in 1830, Colombia was one of the three countries that emerged. There has been a four-decade long conflict between government forces and anti-government groups, such as the Revolutionary Armed Forces of Columbia (FARC) who are funded by the drug trade, has escalated over the years. Since about 2002 the violence has decreased a slit amount because of the lack of the military and popular support necessary to overthrow the government. However these groups of insurgents have continued to attack civilians. Large areas around Columbia are under the revolutionary influence. By the end of 2006, more than 31,000 former governments’ officials had ceased to function as long as the formal organization the United Self Defense Forces of Colombia (AUC). When this occurred criminal groups arose and members included former government officials. The Colombia Government has made efforts to advance government control throughout the country.
In order to understand how corruption is affecting Colombia, we must first examine concrete economical statistics. The Colombian Peso exchange rate depreciated 6.64 percent against the US Dollar during the last 12 months. The Colombian Peso spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the COP. While the Colombian Peso spot exchange rate is quoted and exchanged in the same day, the Colombian Peso forward rate is quoted today but for delivery and payment on a specific future
Cited: A Handbook on Fighting Corruption. Tech. Center of Democracy and Governance, Feb. 1999. Web. 8 Oct. 2011. <http://www.usaid.gov/our_work/democracy_and_governance/publications/pdfs/pnace070.pdf>. Badkar, Mamta. "11 Shocking Facts About Colombia 's $10 Billion Drug Industry." Business Insider. 22 Apr. 2011. Web. 7 Oct. 2011. <http://www.businessinsider.com/colombias-drug-backed-economy-2011-4#>. "CIA - The World Factbook." Welcome to the CIA Web Site -- Central Intelligence Agency. Web. 08 Oct. 2011. <https://www.cia.gov/library/publications/the-world-factbook/geos/co.html>. "Colombia 's Paramilitaries and Drug Lords." The Economist, 21 Oct. 2004. Web. 7 Oct. 2011. <http://www.economist.com/node/3317964>. Drost, Nadja Romero, Simon. "Ex-Minister Wins Election in Colombia." The New York Times, 20 June 2010. Web. 7 Oct. 2011. <http://www.nytimes.com/2010/06/21/world/americas/21colombia.html>. Wendy. "What Are the Causes of Corruption?" Chinadaily US Edition. China Daily, 09 Feb. 2004. Web. 08 Oct. 2011. <http://www.chinadaily.com.cn/english/doc/2004-02/09/content_304379.htm>. Minster, Christopher. "The Thousand Days ' War." About.com. 2011. Web. 9 Oct 2011. <http://latinamericanhistory.about.com/od/historyofsouthamerica/p/1000dayswar.htm>. Miller, Ben (05/31/2008). "Rebuilding Colombia". LatinFinance (Coral Gables, Fla.) (1048-535X) Anderson, Spencer (12/01/2010). "Regions: Americas - Colombia leads LatAm FDI surge". Foreign Direct Investment (1476-301X)