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THE STATE AND THE ECONOMY - Coggle Diagram
THE STATE AND THE ECONOMY
THE STATE AND THE CRISIS
There is a crisis when incomes fall, there are fewer jobs, there is no money for
education, health, housing, the State does not have money to pay its employees,
etc
PARTICIPATION OF THE STATE IN THE ECONOMY
There are many opinions regarding the role
of the State in the economy and its
participation in the market such as private
initiatives.
Despite the potential and the variety of enterprises
in the Ecuadorian economy, deep and serious
problems affect socioeconomic development of the
country, such as the excessive concentration of
wealth, low industrialization and lack of professional
training, among others, are still a concern
THE INTERVENTION OF THE ECUADORIAN SYSTEM IN THE ECONOMY
Since the 1960s, the State has managed huge oil resources that were invested in
the construction of a wide network of roads, telecommunications, educational works,
and health. However, there were also major problems of corruption, bureaucracy
growth, space for neoliberal governments, ending in a crisis that resulted in the loss
of the currency