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State Participation in the Economy, image, image, image, image, image,…
State Participation in the Economy
NEOLIBERALISM
Principal consequences:
poverty because there are large amounts of money in few people.
They are market forces that run the economy without state intervention.
Causes:
Economic adjustment, elimination of subsidies, reduction of public employees and privatization of state companies.
Elimination of controls consecuences:
Corruption
Administrative mismanagement
Disorganization of the economy
Large financial losses
State and Crisis
Due to crisis unemployment can occur, and there is no money for education, health and housing.
Crisis 1999:
It demonstrated the importance of the State promoting investment to generate development, jobs, strengthen production.
Ecuadorian State
Interventionism
Since the 1960s, Ecuador has managed huge oil resources to invest in schools, roads, hospitals, etc.
STATE ACCOUNTS
Ecuador has financed its works from three main sources: Oil and fuel,I VA and the Income tax.
