The ECLAC model in the Socialism of the 21st Century in Ecuador

The industrialization models of ECLAC, developed during the 1950s, 1960s and 1970s, and those of Ecuador, implemented by the 21st-century socialist government, are similar in their attempt to industrialize through the substitution of imports and government expenditure. In both cases, the economic po...

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Main Author: Christian Paul Naranjo Navas
Format: Article
Language:Spanish
Published: Universidad Pedagógica y Tecnológica de Colombia 2021-12-01
Series:Historia y Memoria
Subjects:
Online Access:https://revistas.uptc.edu.co/index.php/historia_memoria/article/view/10637
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author Christian Paul Naranjo Navas
author_facet Christian Paul Naranjo Navas
author_sort Christian Paul Naranjo Navas
collection DOAJ
description The industrialization models of ECLAC, developed during the 1950s, 1960s and 1970s, and those of Ecuador, implemented by the 21st-century socialist government, are similar in their attempt to industrialize through the substitution of imports and government expenditure. In both cases, the economic policies focused on a closed economy, with high tariff barriers, and a strong role of the state as the main actor in the economy. The article uses a comparative method of analysis which emphasizes the outcomes of both of the periods studied. The results show that the models applied brought the same problems; imbalance in external trade and rising public debt. An alternative premise is suggested, that the models applied are the main causes of the debt crisis in the 1980s and the increasing public debt in the government of Rafael Correa.
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spelling doaj.art-14fbe1798a9648f0b5aba01abe510b022022-12-22T00:07:49ZspaUniversidad Pedagógica y Tecnológica de ColombiaHistoria y Memoria2027-51372322-777X2021-12-012434738110.19053/20275137.n24.2022.106378494The ECLAC model in the Socialism of the 21st Century in EcuadorChristian Paul Naranjo Navas0https://orcid.org/0000-0003-1532-203XUniversidad Nacional de ChimborazoThe industrialization models of ECLAC, developed during the 1950s, 1960s and 1970s, and those of Ecuador, implemented by the 21st-century socialist government, are similar in their attempt to industrialize through the substitution of imports and government expenditure. In both cases, the economic policies focused on a closed economy, with high tariff barriers, and a strong role of the state as the main actor in the economy. The article uses a comparative method of analysis which emphasizes the outcomes of both of the periods studied. The results show that the models applied brought the same problems; imbalance in external trade and rising public debt. An alternative premise is suggested, that the models applied are the main causes of the debt crisis in the 1980s and the increasing public debt in the government of Rafael Correa.https://revistas.uptc.edu.co/index.php/historia_memoria/article/view/10637isiindustrializationimport substitutioneclacecuadorsocialism of the 21st centuryrafael correa
spellingShingle Christian Paul Naranjo Navas
The ECLAC model in the Socialism of the 21st Century in Ecuador
Historia y Memoria
isi
industrialization
import substitution
eclac
ecuador
socialism of the 21st century
rafael correa
title The ECLAC model in the Socialism of the 21st Century in Ecuador
title_full The ECLAC model in the Socialism of the 21st Century in Ecuador
title_fullStr The ECLAC model in the Socialism of the 21st Century in Ecuador
title_full_unstemmed The ECLAC model in the Socialism of the 21st Century in Ecuador
title_short The ECLAC model in the Socialism of the 21st Century in Ecuador
title_sort eclac model in the socialism of the 21st century in ecuador
topic isi
industrialization
import substitution
eclac
ecuador
socialism of the 21st century
rafael correa
url https://revistas.uptc.edu.co/index.php/historia_memoria/article/view/10637
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