International Economic Integration and its Impact on Colombian Business Management: Analysis of Trade Agreements
VOLUME 21, 2024
The Role of Targeted Infra-popliteal Endovascular Angioplasty to Treat Diabetic Foot Ulcers Using the Angiosome Model: A Systematic Review
VOLUME 6, 2023
Abstract
International economic integration processes represent both challenges and opportunities for business management in emerging economies. This article analyzes the impact of major Latin American integration agreements on the organization and management of Colombian companies, examining the Andean Community of Nations (CAN), agreements with the European Union, and MERCOSUR. Based on a systematic documentary review and analysis of current trade data, evidence shows that these integration schemes have generated structural transformations in Colombian business organizations, requiring adjustments in productive, technological, and management capabilities. Results indicate that while the number of Colombian exporting companies to the European Union increased 130% between 2012 and 2024, the trade balance remains deficient and productive diversification limited. The study concludes that integration agreements demand profound changes in business management, including technological innovation, organizational capability development, and adaptation to international quality and sustainability standards. The article contributes to understanding microeconomic effects of trade agreements and provides policy recommendations for strengthening business competitiveness in integration contexts.
Lecture in accounting. University of Basrah, College of Administration and Economics, Department of Accounting.