Colombia's June 21 runoff pits De la Espriella's deregulation and austerity against Cepeda's bigger welfare state. Here is what each economic plan means.
Markets · Politics
—The vote. Colombia chooses its next president in a runoff on Sunday, June 21.
—The right. Abelardo de la Espriella offers deregulation, lower taxes and a smaller state.
—The left. Iván Cepeda offers a bigger welfare state funded by taxing the wealthiest.
—The nuance. Neither plan is as pure as the labels suggest, and both promise some spending and some restraint.
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