The Political Landscape Of Colombia

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Colombia is located in the northwest of South America. The current population is estimated to be in the region of 46.73 million with the capital city Bogota being the most populated. The labour force is estimated to be 24.34 million. Colombia’s major resources are oil and coal. The country operates in a representative democracy which attempts to empower the masses. Juan Manuel Santos Calderon is the president; he is currently serving his last term in office Colombia is dominated by two political parties, Social National Unity Party and the opposition, Democratic Center Party led by former president, Alvaro Uribe. In recent times the political landscape of Colombia has changed, political stability is now the order of the day. The freedom of expression is evident in policy debates where the opposition has been very critical of the policy of the current administration. Voter turnout for the last presidential was 47% of the voting population, this could be due to the high level of poverty in the country. The major political change in recent history has been the reinstatement of a one term policy limit for the president from 2018 onwards. This constitutional change makes Colombia less stable country. The change will introduce policy and regulatory uncertainty which could be detrimental to future growth as future presidents are more likely to be myopic in their policy decisions. Colombia currently has the potential for population growth in the future due to the youth
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