OUR ECONOMYHow is it distributed?

How it was organized?• It was about the self-sufficiency of their needs (people), like: corn, potato, beans

and pumpkins.

• Also hunting, fishing and mining.

Money…• In 1778 the coin was made of copper.

• In 1880 the National bank was stablished.

• In 1885 appeared the paper money.

• In 1923 Banco de la republica was created and in 1991 it was stablished as the maximum monetary authority.

• The monetary unit of Colombia is: peso.

And now?• It has been classified such as an emerging economy, even having problems with

the drugs, and the guerrilla armed forces.

• It has achieved to attract the foreign investment, in total 250% in investment since 2000.

• It has several sectors of national production like: coffee, petroleum, emeralds, flower growing, agriculture, gold, sapphire, diamonds, carbon, the textil industry and natural gas.

Agriculture• In the colony the dominant sector of economy was the corn, because the native

people grew it.

• From the corn another farmings were diversified, farmings of: potato, yucca, tobacco, cocoa, anise and banana.

The agricultural sector has 3 kinds of goods:

Food 70%

Raw material 22%

Ornamental products 8%

Export - Import• In the past Colombia was self-sufficient in the supply of alimentary products, but it

was so expensive, so in 1991 a lot of products were imported, many companies were closed.

• Also coffee, banana, flowers and sugar were exported.

Some questions…???• Do you think that colombian economy has advanced? Why?

• Complete the following table drawing and writing the main items of national production:

Product Drawing

Sapphire

• Explain the concept of export and import and its importance (Related to Colombia).

• Watch this video:

https://www.youtube.com/watch?v=0rPb0T1GMao

Discuss with your classmates about the figures. Are they good? Yes/no? Why? Explain.