Ecuador Macroeconomic Stability and Competitiveness Challenges
Ecuador faces the challenge of consolidating the social gains achieved during the last decade while addressing the excesses committed the commodity boom period, when the state was the main drive of economic growth and the private sector remained su...
| Main Author: | |
|---|---|
| Format: | Policy Note |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/647631568097378880/Ecuador-Macroeconomic-Stability-and-Competitiveness-Challenges http://hdl.handle.net/10986/32429 |
| Summary: | Ecuador faces the challenge of
consolidating the social gains achieved during the last
decade while addressing the excesses committed the commodity
boom period, when the state was the main drive of economic
growth and the private sector remained subdue. This policy
note diagnoses the nature of the imbalances faced by
Ecuador’s economy and identifies key areas for reform that
will contribute to reestablishing macroeconomic stability
and increase the competitiveness, while safeguarding recent
social gains. Increasing competitiveness and productivity
will require complementing fiscal efforts with core supply
side reforms to create a flexible and conducive regulatory
environment for the private sector. Pursuing the integration
and internationalization of the Ecuadorian economy is a key
to foster a private sector-led and productivity-driven
economic model going forward. This note identifies key areas
that can be considered as part of a medium-term reform
agenda to reestablish macroeconomic stability and increase
the competitiveness of the Ecuadorian economy, while
safeguarding recent social gains. It systematically presents
a brief diagnostic together with policy options to be
consider within each policy area. |
|---|