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Colombia's economy fails to create jobs: UN

Tuesday, November 18, 2014

Colombia’s economy depends heavily on mining, hydrocarbons, and ranching, producing little employment and benefiting few, the United Nations Industrial Development Organization said.

Johannes Dobinger, who represents the Andean region for the UN organization, added that these activities also have a large environmental impact and do little to increase the economic productivity of the country.

Almost half of Colombia’s working population (49.2 percent) is informally employed, working off the books and with little to no government or industry oversight.

Source: Colombia Reports