TBA Total Business Administration

Up until recently, Colombia was the only country in the Western Hemisphere with a severe armed conflict, which was having both an enormous impact on infrastructure, physical capital, human lives and natural resources, as well as an indirect effect on productivity, local and foreign investment, and, ultimately, economic growth. Fortunately, after decades of failed negotiations, a peace agreement to put an end to such an extended period of violence was finally signed on the 24th of November 2016 between the Colombian government and the FARC —the principal guerrilla group in the country. In general terms, the peace agreement outlines the FARC's pledge to renounce arms and the government's commitment to give them fair opportunities to participate in the country's democratic politics. MSI's Colombian accounting member TBA Total Business Administration provides further insight into the implications of the peace deal.