Please enable JavaScript.
Coggle requires JavaScript to display documents.
Topic 23: The State and Economy - Coggle Diagram
Topic 23: The State and Economy
As exemplary cases of the changes, we
have the inclusion of new educational
technology in public education, such as
computers and the Internet, which will
improve the knowledge of Ecuadorian
students. Increasingly, public institutions
have access to this technology that is
spreading worldwide. Other types of state
policies, such as a greater and better
collection of taxes from those who have
more income, will allow for a better
redistribution of income through the
construction of public works for the benefit
of the entire population, such as access to
roads, schools, public transportation,
hospitals, and popular housing. In addition,
an increase in income taxes on imported
products will protect artisans and small
and medium-sized national enterprises
Crisis: A crucial or decisive point or situation, especially a difficult
or unstable situation involving an impending change.
Accounts: A record or statement of financial expenditure and
receipts relating to a particular period or purpose.
Improvement: an instance of improving or being better.
Debt: something, typically money, that is owed or due.
Bureaucracy: a system of government in which most of the important
decisions are made by state officials rather than by elected representatives.
There are many opinions regarding the role
of the State in the economy and its
participation in the market such as private
initiatives. However, market forces that run
the economy without state intervention are
the foundations of neoliberalism which
affected all Latin America in the 20th
century. This neoliberalism caused capital to
concentrate in a few hands and increase poverty. In addition, the elimination of
controls causes corruption, administrative mismanagement, disorganization of the
economy, and large financial losses.
