Descentralización, Bonanza Petrolera Y Estabilización

In-depth study of the effects that the expected revenue from the exploitation of the Cusiana oil fields will have on the Colombian economy. Based on both theoretical and empirical analysis of similar national and international phenomena, the author considers ways in which the revenue from the boom can be exploited to benefit other sectors of the economy, promote growth with equity, and avoid inflation and Dutch Disease. Emphasizes the process of decentralization underway in Colombia. This is important since, as a result of this process, close to half of the revenue generated by the oil boom will not be received by the central government, but by the regions from which the oil is extracted –Handbook of Latin American Studies, v. 57.