Analysis of the influence of Taiwan’s Economic Model (1953-1983) in the planning of the national strategy for the change of the ecuadorian productive matrix (2015-2017) from an economic growth perspective

Abstract

Due to its structural dependence on primary resources and therefore, to a situation of unequal exchange, the Ecuadorian economy has been subordinated to external factors such as global competition that has stagnated its economic development. However, from a global perspective, despite these conditions, economic growth has been evidenced in countries as vulnerable as Ecuador just as it was Taiwan before the adoption of policies aimed at industrialization as a strategy to generate economic growth. In this regard, given the economic and social effect noticeable in Taiwan’s economic and social indicators in the period 1953-1983, this research analyzed the influence that this model has had in the planning of the National Strategy for the Change of the Ecuadorian Productive Matrix (2015 2017) as a way to generate economic growth, and by the way to provide a better quality of life for all its inhabitants. Thus, the main findings were that in an environment of very high dependence, and hence, of vulnerability related to economic cycles due to a subordination to a productive specialization based on a primary-export structure; industrialization and innovation appear as the path towards development, being the State’s involvement crucial in this process. In addition, on the basis of the Modernization Theory in accordance with the theory of economic development of Rostow, and on the other hand, on the Latin American Classical Structuralism Theory in accordance with Raúl Prebisch, a comparative analysis between 2 these economic plans was carried out, being possible to identify several similarities in the approach of their policies geared towards productive transformation, as well as some differences with regard to their implementation. Finally, descriptive statistics were used to contextualize economic aspects such as growth and vulnerability, as well as social aspects related to the quality of life of the inhabitants.