Does the actual transportation system covers the need of an integrated transportation system in Bogota

El problema de transporte en Bogotá es cada vez algo mas grande, pues las medidas actuales y los planes a futuro para el desarrollo de un sistema integrado de transporte parecen no ser suficientes para la magnitud poblacional de la capital Colombiana; de igual manera los precios son elevados y representan un inconveniente para los ciudadanos puesto que la cantidad de estos que puede pagar un pasaje del actual sistema transmilenio es cada vez más baja debido al alto incremento que su tarifa tiene anualmente. Por esta razón durante lo largo de este escrito se justificaran las razones que indican que los planes aplicados y por aplicar por el distrito no son suficientes para cubrir el vacío que existe en Bogotá a nivel de un sistema integrado de transporte público.

The Integrated Mass Transit Systems Program in Colombia: an Example of Recentralization of the Cities´ Management?

The Integrated Mass Transit Systems are an initiative of the Colombian Government to replicate the experience of Bogota’s Bus Rapid Transit System —Transmilenio— in large urban areas of the country, most of them over municipal perimeters to provide transportation services to areas undergoing a metropolization process. Management of these large scale metropolitan infrastructure projects involves complex setups that present new challenges in the interaction between stakeholders and interests between municipalities, tiers of government and public and private sectors. This article presents a compilation of the management process of these projects from the national context, based on a document review of the regulatory framework, complemented by interviews with key stakeholders at the national level. Research suggests that the implementation of large-scale metropolitan projects requires a management framework orientated to overcome the traditional tensions between centralism and municipal autonomy.

Stock return comovements and integration within the Latin American integrated market

Financial integration has been pursued aggressively across the globe in the last fifty years; however, there is no conclusive evidence on the diversification gains (or losses) of such efforts. These gains (or losses) are related to the degree of comovements and synchronization among increasingly integrated global markets. We quantify the degree of comovements within the integrated Latin American market (MILA). We use dynamic correlation models to quantify comovements across securities as well as a direct integration measure. Our results show an increase in comovements when we look at the country indexes, however, the increase in the trend of correlation is previous to the institutional efforts to establish an integrated market in the region. On the other hand, when we look at sector indexes and an integration measure, we find a decreased in comovements among a representative sample of securities form the integrated market.