🇨🇴 67 leading international economists, scholars, and public policy figures have signed an open letter backing Colombia’s economic transformation under President Gustavo Petro, saying the country is demonstrating that “another economic path is possible” by breaking from decades of neoliberal orthodoxy.
The signatories include Thomas Piketty, Yanis Varoufakis, Jayati Ghosh, Ha-Joon Chang, James K. Galbraith, Isabella Weber, Jason Hickel, Ann Pettifor, and former Ecuadorian President Rafael Correa.
Published ahead of Colombia’s June 21 presidential runoff, the letter cites falling poverty, record-low unemployment, a rising share of national income going to workers, advances in land reform, growth in non-extractive exports, and a major expansion of renewable energy.
The vote will decide whether Petro’s project continues under his leftist ally Iván Cepeda or is reversed by far-right outsider Abelardo de la Espriella, who narrowly led the first round and has pledged a sharp turn back toward market orthodoxy.
The authors acknowledge ongoing challenges including debt, inflation, fiscal pressures, and weak private investment, but reject calls for austerity, wage suppression, indiscriminate liberalization, and deeper dependence on extractive industries.
They said Colombia’s experience carries significance beyond its borders for countries seeking development strategies rooted in redistribution, productive transformation, economic democracy, and climate justice.
Letter ⬇️