NUEVAS POLÍTICAS DE SUSTITUCIÓN DE IMPORTACIONES: REPERCUSIONES EN LA ECONOMÍA ECUATORIANA

Abstract

The purpose of this academic paper is to address an issue of contingency that is currently happening in the development of Ecuador and that corresponds to the new reforms being implemented by the National Government for selective import substitution which strive that Ecuador’s Balance of Payment reaches an equilibrium and undoubtedly all measures that seek to generate immediate changes in Ecuador’s society can generate negative or positive outcomes, both for the import sector, and citizens. As it will be discussed, at first instance there will be a discussion of the Import-Substituting Industrialization model (ISI), and how it was applied in several Latin American countries and how it influenced their economies in their respective period of time. In addition, through literature review, lectures, interviews to experts and graphics will reflect the possible outcomes that can occur using the ISI model, both in the short and long term in the Ecuadorian economy.