What are the main causes of this stagnation?

Authors

  • Universidad Tecnológica de El Salvador Utec Universidad Tecnológica de El Salvador

DOI:

https://doi.org/10.5377/entorno.v0i31.7403

Keywords:

Washington Consensus, Market, Economic development, Stagnationncamiento

Abstract

Interviewed: Hector Dada Hirezi (Deputy CDU); Jorge Barraza Ibarra (UTEC); Javier Ibizate (UCA); Carlos Briones (FLACSO); Rafael Rodríguez Loucel (UTEC); Roberto Rubio (FUNDE). It is common to attribute all responsibility for economic stagnation to external factors, or to natural causes. But that explanation does not cover all the aspects that must be analyzed. Several of our neighbors have some of these problems and grow at rates higher than ours.
I think that market fundamentalism (which implies ignoring the true nature of the market, in the same way that all fundamentalisms lose the perspective of their own beliefs) of the governmental conception has had the effects that it almost always produces in countries that they have put their faith in it; the shortcomings of the so-called Washington Consensus have been accepted even by their own developers. It has been trusted that the simple external and internal opening of the economy was enough to generate a sustained growth, without measuring the anti-productive consequences of politics and the very nature of the country's business structure. Without a development policy, it is difficult to obtain development.
Without a state apparatus that intervenes to supply what the market cannot give and sometimes to ensure that market logics are respected in an oligopolistic economy, without having the strength to guide development, there can be no development.

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PDF (Español (España)) 179

Published

2004-08-01

How to Cite

Utec, U. T. de E. S. (2004). What are the main causes of this stagnation?. Entorno, (31), 8–9. https://doi.org/10.5377/entorno.v0i31.7403

Issue

Section

Interview