Is Colombia South America's Future?

Colombia Becomes The New Star Of The South -- Newsweek

In a time of emerging-market juggernauts, Colombia gets little notice. Its $244 billion economy is only the fifth-largest in Latin America, a trifle next to Brazil, the $2 trillion regional powerhouse. Yet against all odds Colombia has become the country to watch in the hemisphere. In the past eight years the nation of 45 million has gone from a crime- and drug-addled candidate for failed state to a prospering dynamo. The once sluggish economy is on a roll. Oil and gas production are surging, and Colombia’s MSCI index jumped 15 percent between January and June, more than any other stock market this year.

Read more ....

My Comment: What a difference after one generation. Colombia still has problems and it still has an insurgency and drug problem to deal with .... but this is a pale shade of what it was in the 1980s and 1990s. Brazil is still the powerhouse .... and it will be the powerhouse for this century, but being the number 2 or number 3 is not bad for a country like Colombia.