Institution: Banco de la República, Colombia
E-mail: cjaramiji@banrep.gov.co
Biosummary:
Carlos Felipe Jaramillo, Ph.D. Food Research Institute, Stanford University Former Young Professional of the World Bank. Has worked in the Colombian government in the Ministries of Finance and Planning. Has written extensively on Latin American agricultural development. Latest book: "Liberalization, crisis and change in Colombian Agriculture", Westview Press, 1998. Has consulted extensively for The World Bank, FAO and IADB throughout Latin America. Currently: Director, Macroeconomic Programming Department, Banco de la Republica, Government of Colombia.
Title: "Policy reforms and the rural sector: Salvador and Colombia, a case of non-identical twins" Co-author: Amy de Angel.
Theme: 1D
The paper analyses trends in the rural economies of El Salvador and Colombia during the 1990s, highlighting many similarities in the development of agricultural and poverty trends. The paper discusses how both economies have undergone massive disruptions in relative prices due to the rapid growth of capital inflows in the early 1990s. It tries to explain why despite going through similar bouts of "Dutch-Disease," rural poverty in Colombia has diminished while in El Salvador the situation has not improved. The paper emphasizes the negative effects that exchange rate appreciation have had on tradable agriculture and the mixed impact that this has on the rural poor. The failure of research efforts to improve agricultural productivity in these crops is one of the factors that explain the decline of tradable agriculture in both countries.
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