The peace accord agreed late last year between the government and the FARC paramilitary group gives Colombia a historic opportunity to improve the living standards of all its people. More than half a century of conflict cost an estimated 220,000 lives and led over 5m people to flee their homes, with severe consequences for the country’s prosperity, especially in the rural areas where violence was concentrated.

The accord makes a “peace dividend” of economic growth whose benefits are shared by every Colombian, not just some of those living in its big cities, a real possibility—and also a necessity—if the peace accord is to succeed in practice.

The Ford Foundation and The Economist Intelligence Unit released a new report considering Colombia’s challenges in the context of other countries that have emerged from internal conflict, to identify effective strategies and highlight potential pitfalls to be avoided in building a peaceful, inclusive economy.

Read the full report and Spanish versions.