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STATE & ECONOMY image - Coggle Diagram
STATE & ECONOMY
State Participation in the Economy
NEOLIBRALISM
Market forces that run the economy without state intervention.
It caused capital concentration in few hands and increase poverty.
Elimination of controls consecuences
Administrative mismanagement
Disorganization of the economy
Corruption
Large financial losses
Ecuadorian State Interventionism
There was a recovery in the economy but there is always a risk of bureaucratic growth.
1999 problems
Corruption
Neoliberal governments
Ecuador has managed huge oil resources
invested in the construction of roads, telecommunications, education and health
State & Crisis
There are
No money for health
TheState does not have money to pay its employees
No money for health
No money for education
Fewer jobs: unemployment
It demonstrated the importance of the State promoting investment to generate development, jobs, strengthen production
State Accounts
ECUADOR 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 this income is not enough
