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The State and Economy - Coggle Diagram
The State and Economy
Neoliberalism
Es market force that run the economy without state intervention it also caused the concentration of capital in few hands and increased poverty.
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Politics
Economic adjustment, elimination of subsidies, reduction of public employees, privatization of state companies
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Ecuadorian State
In 1960 Ecuador has managed huge oil resources invested in the construction of roads, telecommunications, education and health.
1999 problems:
Corruption, growth of bureaucracy, neoliberal governments
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Consequences of a CRISIS
Unemployment, No money for Education, Health, Housing and the state has no money to pay its employees
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