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State and Economy - Coggle Diagram
State and Economy
Participation of the state in the economy
Neoliberalism was the administration
of the economy without state intervention.
Neoliberalism increased poverty.
Corruption controls were removed, leading
to large financial losses.
The state and the crisis
There is a great crisis when income goes down.
The last crisis demonstrated the importance
of a State that promotes investments.
The intervention of the ecuadorian system in the economy
Since 1960, the State has managed the oil resources that were invested in construction, telecommunications, educational works and health.
However, there were problems of corruption and at the beginning of the 21st century the economy recovered.
The state accounts
The State has financed its works
from three main sources:
Value Added Tax (IVA)
Income tax
Oil and fuel sales
The external or internal debt is made when
the aforementioned income is not enough.
