Desempeño macroeconómico de las economías emergentes de los bloques a los pertenece Colombia (CIVETS, AP, CAN). Un análisis comparativo con los BRICS

Abstract

The objective is to analyze the determinants of macroeconomic success of the emerging economies that are members of the blocs to which Colombia belongs (CIVETS, AP, CAN), within the framework of a comparison with the BRICS. To do this, the macroeconomic variables that affect the success of the economies were identified, in order to characterize the trend of these in the most successful economies of the blocs, in parallel with Colombia, in the light of the BRICS. The methodology is of mixed scope, since theories of endogenous economic growth, economic integration, international relations and international trade approaches are analyzed. The variables include: population, GDP, GDP per capita, foreign direct investment (FDI), inflation, trade balance and country risk. The results show that countries such as Colombia, Mexico, Chile, Peru and South Africa have benefited from the blocs to which they belong, managing to stand out in some variables compared to previous years; hand in hand with policies and measures they have taken to avoid being affected by instabilities. On the other hand, inflation, exchange rate and population growth are factors that influence GDP per capita; solid institutions and growth models that facilitate productivity and commercial stability support these results.