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Colombia "is a unitary constitutional republic comprising thirty-two departments. It is located in northwestern South America, bordered to the northwest by Panama; to the north by the Carribean city; to the east by Venezuela and Brazil; to the south by Ecuador and Peru and to the west by the Pacific Ocean. Colombia is the 26th largest country by area and the fourth largest in South America. With over 46 million people, the country is the 27th largest in the world by population and has the second largest population of any Spanish-speaking country in the world, afterMexico. Colombia is a middle power, and is the fourth largest economy in Latin America, and the third largest in South America. The production of coffee, flowers, emeralds, textiles, industrial chemicals, plastics, ferro-alloys, coal, oil and financial services are the most representative sectors of Colombia's economy. Colombia is an emerging market and it is also part of the group of emerging countries CIVETS.[11] The world's third biggest bank HSBC has created a perspective on the economic outlook in 2050 where Colombia is seen playing a decisive role in the global economy, especially in the Americas"
Medellin " Is the second-largest city in Colombia. It is in the Aburrá Valley, one of the most northerly of the Andes in South America. To 2012, it has a population of 2.7 million. With its surrounding area, the metropolitan area of Medellín (área metropolitana de Medellín), composed by another nine cities, it is the second largest urban agglomeration in Colombia in terms of population and economy, with more than 3.5 million people.
Medellín was founded in 1616 by the Spaniard Francisco Herrera Campuzano as Poblado de San Lorenzo (Saint Lawrence Town) in present-day El Poblado. In 1675 the queen consort Mariana of Austria created the Villa de Nuestra Señora de la Candelaria de Medellín(Town of Our Lady of Medellín).
In 1826 the city was named the capital of the Department of Antioquia by the National Congress of the young Republic of Greater Colombia (Gran Colombia), comprised by present day Colombia, Venezuela, Ecuador and Panama. After Colombia won its independence from Spain, Medellín became the capital of the Federal State of Antioquia until 1888, with the proclamation of the Colombian Constitution of 1886. During the 19th century, Medellín was a dynamic commercial center, first exporting gold, then producing and exporting coffee.
At the beginning of the 21st century, the city has regained industrial dynamism, with the construction of the Medellín Metro commuter rail, and liberalized development policies, improved security, and improved education. Researchers at the Overseas Development Institutehave lauded the city as a pioneer of a post-Washington consensus 'local development state' model of economic development The city is promoted internationally as a tourist destination. Is considered by the GaWC as a sufficient city to be global city. Medellín is currently a candidate city to host the 2018 Summer Youth Olympics.
The Medellín Metropolitan Area produces 67% of the Department of Antioquia's GDP and 11% of the economy of Colombia. Medellín is important to the region for its universities, academies, commerce, industry, science, health services, flower-growing, festivals and nightlife.
In February 2013, Medellín was chosen and announced as the most innovative city in the world due to its recent advances on politics, education and social development"
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