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Topic 23 - Coggle Diagram
Topic 23
What happens when a crisis occurs ?
Fewer jobs: unemployment
No money for education
1999 CRISIS
It demonstrated the importance of the State promoting investment to generate development, jobs, strengthen production.
What happens when a CRISIS occurs?
No money for housing
TheState does not have money to pay its employ
No money for help
State participation in the economy
Elimination of controls consecuences:
Corruption
Administrative mismanagement
Disorganization of the economy
Large financial losses
Ecuadorian state interventionism
Since the 1960s,
Ecuador has managed huge oil resources
invested in the construction of roads, telecommunications, education and health.
1999 problems
Corruption
Bureaucracy growth
Neoliberal governments
State accounts
ECUADOR has financed its works from three main sources
Oil and fuel sales
Value added tax (IVA)
Income tax