Please enable JavaScript.
Coggle requires JavaScript to display documents.
The state and the economy, imagen, imagen - Coggle Diagram
The state and the economy
Participation of the states in the economy
There are many opinions redarding the role of the
State in the economyandits participation in the market
such as private initives
of neoliberalism which
affected all Latin America in the 20th
In addition, the elimition of controls causes
The state and the crisis
There is a crisis when incomes fall, there are fewer jobs, there is no money for
education, health, housing, the State does not have money to pay its employees
The last crisis demonstrated the importance of State promoting investment of a State promotiing investment to generate development, jobs, strenghthen production
The intervetion of the Ecuadorian system in the economy
Since the 1960s, the State has managed huge oil resources that were invested in
the construction of a wide network of roads, telecommunications, educational works
Only at the beginning of the 21st century there is a recovery in the economy but there is always a risk of bureaucratic growth.
The state accounts
The State has financed its works from three main sources
✓ Oil and fuel sales
✓ Value Added Tax (IVA)
✓ Income tax
The economy and ist problems
The weight of the past
Despite the potential and the variety of enterprises in the Ecuadorian economy, deep and serious problems affect socieconomic development od the country
These problems have an explanation in the history of the country, as it lacks an organization with a sense of national development because it has not had the capacity to distribute its wealth in terms of greater equality for all its inhabitants.
