Opening the Colombian economy Institutions at the service of capital and landowners
- This work analyzes the factors that gave rise to economic liberalization in Colombia. Although the transformation of the economic model, from ISI to neoliberal globalization, was accompanied by a change in some structural dynamics, the country's socio-economic situation did not experience much improvement. Thus, the varieties of capitalism approach considering institutional change as a movement towards best practices fails in explaining the Colombian situation. Therefore, this work resorts to the neorealist approach by Amable and Palombarini (2009), which overcomes economic determinism and argues that institutional change takes place to create and stabilize a Dominant Social Bloc. Through the analysis of institutional change and the transformation of the Dominant Social Bloc from ISI to neoliberal globalization, it is concluded that despite economic, social and political modifications, the economic model continued to serve the interest of capital and landowners.