“The Impact of Globalization on Latin America: The Case of Colombia” by Mauricio Reina and Sandra Zuluaga Associate Researchers Fedesarrollo Bogotá, Colombia September 11, 2012 Introduction The Colombian economy is among the five largest in Latin America (Table 1). In the early 1990s, as happened in several Latin American countries, the Colombian government undertook a number of economic reforms aimed at strengthening the country’s ties with the world economy. Two decades after that shift in the economic model, however, Colombia lags behind other Latin American countries in its internationalization process in several dimensions (Table 2). The impact of globalization on Colombia has been uneven. It has been particularly high in areas like security and energy, and low in areas such as economic development, politics and social issues. THE IMPACT OF GLOBALIZATION ON LATIN AMERICA TASK FORCE The Center for Hemispheric Policy receives financial support from the Bureau of Educational and Cultural Affairs of the United States Department of State.