Ecuador : An Economic and Social Agenda in the New Millennium
The book focuses on three overarching themes: fiscal consolidation and growth; social development; and, quality of government, and, documents Ecuador's development trends, policies, and options. The fundamental challenges facing the country ar...
| Main Authors: | , , |
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
World Bank: Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2003/05/2427510/ecuador-economic-social-agenda-new-millennium http://hdl.handle.net/10986/14613 |
| Summary: | The book focuses on three overarching
themes: fiscal consolidation and growth; social development;
and, quality of government, and, documents Ecuador's
development trends, policies, and options. The fundamental
challenges facing the country are identified within this
book, and the solutions represent a break with the past:
this is a proposal for an agenda with a broad, and
integrated vision of economic, and social development in
Ecuador. As a central message, the book outlines that
although economic growth is a necessary condition to combat
poverty, it would however be insufficient, unless growth is
sustainable, and participatory, i.e., that broad sectors of
the most vulnerable population (such as marginalized
indigenous populations) are included. Thus, the argument for
preserving stability with fiscal discipline, and
accelerating growth with competitiveness, is based on a
guaranteed balanced macroeconomic framework, that promotes
economic expansion and competitiveness by making input
markets - particularly the labor market - more flexible, by
opening the economy to foreign trade, and eliminating trade
policies. Expansion of the petroleum sector should be
accelerated through legal and regulatory changes to prod
fiscal stability, and promote private investments. Boosting
sustainable, and equitable social development can be ensured
by the government through actions focused on human capital
development, improved quality of education and health
services, and efficient social safety network. And in
building a quality government that serves its people, and
fights against corruption, the book stipulates regulatory
reforms, and provision of direct services, within a strategy
complemented with strengthened civil service, and deepening
of the judicial reform, in the general context of decentralization. |
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