Production Transformation Policy Review of Colombia

Foreword
Acknowledgements
Acronyms and abbreviations
Editorial
Country profile
Executive summary
Assessment and recommendations
	Colombia, a growing economy ready to shift up a gear
	Persistent structural weaknesses are holding back future progress
	Since 2006 Colombia has implemented reforms to fast-track economic transformation
	Three game changers for a competitive, innovative and inclusive nation
		Strengthening the government’s planning and anticipatory capacities to shape the future
		Tapping Colombia’s productivity potential in all its regions
		Activating mechanisms to benefit more from trade and investment
Chapter 1.  What is in Colombia’s next economic chapter?
	Introduction
	A growing and relatively stable economy
	Firms’ structure could be stronger
	Three unsolved matters in Colombia’s economic development
		The economy is becoming less diversified and sophisticated
		The productivity gap with the frontier persists
		Trade and investment could deliver more to the local economy
	Addressing three economic gaps to achieve prosperity
		Modernising infrastructure
		Cutting red-tape and ensuring legal stability
		Strengthening the knowledge base and fast-tracking innovation
	Conclusions
	References
Chapter 2.  Production development policies in Colombia: Tapping the potential of all regions
	Introduction
	Colombia counts on an established planning process
	The country has a vision for transforming the economy
		Since the mid-1990s Colombia has experimented with different approaches to foster production development
		The Production Development Policy (PDP) 2016-2025: a step forward
		Colombia counts on a quality infrastructure system in line with regional leaders
		Sustaining progress in quality infrastructure: Key takeaways for Colombia
			Improving co-ordination between innovation, production development and quality infrastructure policies.
			Strengthening the calibration and testing laboratory network
			Strengthening public-private partnerships
			Reforming governance to make it more pro-innovation
			Increasing awareness of the role of quality infrastructure for national socio-economic development
	Key policy reforms to transform the economy
		Modernising planning
		Ensuring increased co-ordination between industrial, innovation and trade policies
		Refining prioritisation through a place-based and challenge-driven approach
		Updating the policy mix to facilitate implementation
	Conclusions
	References
Chapter 3.  Transforming industries: Unleashing the potential of Industry 4.0 in Colombia
	Introduction
	Colombia has taken steps to close the digital gap
	Digital technologies are contributing to start-up development in Colombia
		Start-ups are flourishing in the country
		Policies played an important role in enabling start-up development in Colombia
	Fast-tracking digitalisation in firms could increase productivity
		Firms in Colombia are starting to use digital technologies for businesses
	Policies for production development in Colombia need to take into account Industry 4.0
	Conclusions
	References
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