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Essay / Research Paper Abstract
A 12 page research paper on how the drug trade itself and how Colombia's reputation as a drug trafficking center have impacted the country's Colombian economy. Bibliography lists 12 sources.
Page Count:
12 pages (~225 words per page)
File: D0_Traffcol.doc
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Unformatted sample text from the term paper:
Not that officials arent trying, but due to certain economic and social factors, the drug trade in Colombia, as it is many South American countries, is thoroughly entrenched in their
society. If it can be eradicated at all remains to be seen, but it certainly wont be an easy, or a fast, process. Until recent years, Colombias economy
managed to be surprisingly healthy despite its participation in the drug trade. This looks as if it may, in the long run, work to Colombias detriment since it gave Colombians
a false sense of security and undetermined efforts to eradicate drug trafficking. Since 1950, in spite of persistent guerrilla activity and drug-related violence, Colombias economy continued to grow turning
it into an economic star amid Latin Americas booms and busts. Colombia managed to build a stronger industrial base than most of its neighbors in spite of its rather disreputable
reputation as a drug trafficking center. (Editor 55) Consequently, its credit rating was better than Mexico, Argentina or Brazil. However, radical reformers abroad and weak leadership from within are making
this bright economic growth dim considerably. With no Brazilian-style booms-but also no Brazilian-style busts-Colombias economy has been remarkably stable. (55) During the last three decades, the highs and lows
of its economy have, on average, have been only 1.9% above or below the average growth rate of its GDP. This has been due to conservative policies administered by technocrats
who have, for the most part, been shielded from political whims. Unlike most Latin American countries whose economies shrank during the debt crisis of the 1980s, Colombia continued to
have an annual average growth rate of 3.7% since 1980. Colombians took pride in the fact that Colombia had never failed to meet its loan payments. Officials used to tell
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