Global_Business_Unit_3_Assignment.docx Business in Colombia Purdue Global University

Global_Business_Unit_3_Assignment.docx    Business in Colombia  Purdue Global University    Business in Colombia is a growing economy. When thinking about conducting business in Colombia, it is good to know as much about the country as possible. There are many arguments that can be made for and against conducting business in this country. After much research I have found that it is getting to be a good place to run a business.  Colombia is a South American country with approximately 50 million people. It is known as a megadiverse country with many ethnicities and languages. Spanish is the primary language spoken. It has rainforests, highlands, grasslands, deserts, and the Andes Mountain Range. Both the Pacific and Atlantic Oceans can be used for trade. This country has many natural resources. (Wiki, 2020).  Corruption and terrorismare well known and documented in Colombia as well. The Revolutionary Armed Forces of Colombia and the National Liberation Army have terrorized the people of Colombia for many years.In 2016 however, the government in Colombia made a Peace Agreement with the National Liberation Army and are in negotiations with National Liberation Army for peace as well. This has lowered the danger in this area immensely, which would be concerning before the cease fire. U.S. Department of State says, Security in Colombia has improved significantly in recent years, with kidnappings down from 10 cases daily in 2000 to 88 cases for all of 2019.” (United States Department of State, n.d.). with kidnappings do