in 900 words address the Topic and demonstrate an understanding of relevant key concepts and appropriate conceptual frameworks.

Main reference

“The Global Competitiveness Report 2015-2016,” Klaus Schwab (ed.), World Economic Forum. Geneva, Switzerland.

a) Identify both the phase of economic development in which the Colombian economy is currently located and the phase to which should be moving in the not too distant future

b)Colombia exhibits competitive advantages in nineteen (19) indicators of the Global Competitiveness Index. Present in tabular form (as in Table 1) the competitive advantages of Colombia for five (5) [and only 5] indicators of your choice

c) Select three (3) [and only 3] of the most important factors that will help economic development in Colombia.