Organization: Colombian Private Council on Competitiveness
Location: Bogota, Colombia
Capitalists, Industrial Development Policy, and the State: A Case-study of Colombia
This major Research Paper (MRP) analyzes the ways in which different capitalist fractions in Colombia advocated for certain kinds of state intervention in the realm of economic policy and the industrial strategy. The MRP examines how the relationship between changes in structural conditions such as trade liberalization and international competition and the state’s response in the form of a policy document, is itself mediated by the agency of the capitalist class and its fractions, an agency expressed in certain organizational forms. The study of the different capitalist interests and their strategies to influence the policy process revealed that a hegemonic fraction was more influential, not only due to its economic power but also due to its ability to set the policy agenda, appear legitimate to other fractions and successfully present their own fractional interests as compatible with broader national interests. Understanding the agency of capitalists in this policy process illustrates how development policies are not just technical but highly political negotiations.