STATE & ECONOMY
Topic 23
Social Studies 9th
TODAY'S CONTENT
01 Participation of the State in the Economy
02 State & Crisis
03 Ecuadrian State Interventionism
SKILL
04 State Accounts
What is a crisis?Have you heard about neoliberalism ? What is FMI? How does it work?
To establish the various ways in which the State participates in the economy and the effects of that participation in the life of society.
20th century NEOLIBRALISM 1. Market forces that run the economy without state intervention. 2. It caused capital concentration in few hands and increase poverty.
State Participation in the Economy
Elimination of controls consecuences: 1. Corruption 2. Administrative mismanagement 3. Disorganization of the economy 4. Large financial losses
It affected all of Latin America
It affected all of Latin America
WHAT ?
How ?
- An economic trend based on free-market forces
- No state intervention
Implement policies like:
- Economic adjustment
- Elimination of subsidies
- Reduction of public employees
- Privatization of state-owned enterprises
Neoliberalism
who ?
IMF & other agencies
Encourage neoliberal policies
There are:1. Fewer jobs: unemployment 2. No money for education
3. No money for health4. No money for housing 5. TheState does not have money to pay its employees
What happens when a CRISIS occurs?
State & Crisis
1999 CRISIS It demonstrated the importance of the State promoting investment to generate development, jobs, strengthen production.
Ecuadorian State Interventionism
1999 problems:1. Corruption 2. Bureaucracy growth 3. Neoliberal governments
Since the 1960s, Ecuador has managed huge oil resources invested in the construction of roads, telecommunications, education and health.
Beginning 21st century There was a recovery in the economy but there is always a risk of bureaucratic growth.
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.
Any question?
Thanks!
Activity 4: Digital Notebooks
23: State and Economy
Tamar Duran
Created on March 22, 2021
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Transcript
STATE & ECONOMY
Topic 23
Social Studies 9th
TODAY'S CONTENT
01 Participation of the State in the Economy
02 State & Crisis
03 Ecuadrian State Interventionism
SKILL
04 State Accounts
What is a crisis?Have you heard about neoliberalism ? What is FMI? How does it work?
To establish the various ways in which the State participates in the economy and the effects of that participation in the life of society.
20th century NEOLIBRALISM 1. Market forces that run the economy without state intervention. 2. It caused capital concentration in few hands and increase poverty.
State Participation in the Economy
Elimination of controls consecuences: 1. Corruption 2. Administrative mismanagement 3. Disorganization of the economy 4. Large financial losses
It affected all of Latin America
It affected all of Latin America
WHAT ?
How ?
Implement policies like:
Neoliberalism
who ?
IMF & other agencies
Encourage neoliberal policies
There are:1. Fewer jobs: unemployment 2. No money for education
3. No money for health4. No money for housing 5. TheState does not have money to pay its employees
What happens when a CRISIS occurs?
State & Crisis
1999 CRISIS It demonstrated the importance of the State promoting investment to generate development, jobs, strengthen production.
Ecuadorian State Interventionism
1999 problems:1. Corruption 2. Bureaucracy growth 3. Neoliberal governments
Since the 1960s, Ecuador has managed huge oil resources invested in the construction of roads, telecommunications, education and health.
Beginning 21st century There was a recovery in the economy but there is always a risk of bureaucratic growth.
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.
Any question?
Thanks!
Activity 4: Digital Notebooks