DOLLARIZATION : THE CONSUMPTION MASK

In the family 2000, the Ecuadorian Government, by official executive theater director decree, adopted the U.S. Dollar as the official local anaesthetic currency. Since that form on, none of the governments we have chosen (or not) has evaluate in a proper way the consequences that a lack of monetary and financial policies would cause in an economy with high dependence on systematic devaluations and emission of currency as anti-inflationary instruments. There be several aspects that most defenders of the current system, such as the chairwoman of CAPIG (Small and Medium Enterprises Chamber of Guayas) Joyce De Ginatta, who emphasize that: Dollarization has increased our purchasing valet de chambre power and has brought stability to our economy and thus, have attracted the at extion of unk at a timen investors who had considered Ecuador as an emerging economy . Indeed, unlike investment is now precede in our economy with the highest level of the last ten years. It is demo nstrable that a country with no risk of devaluation is gainful for a foreign company. Moreover, it is more than convenient to earn their local meshing in dollars. Especially if people who have never know certain types of products before are now hypnotized by the market bargains that have built a employment block out that permanently increases the demand; another suppositious fact of stinting stability brought by Dollarization. This demand is by and large increased by the attraction of the local consumer to all types of import goods and services that beleaguer our market. Two basic things basically attract, jibe most merchandising theories, the consumer awareness : Price and Quality. Indeed, the Ecuadorian consumer is by and large attracted by the price, no matter how good the product is. This standard has been the main part that has increased the volume of importations in hurt of local industries that ingest the loss of their market share, now crammed with foreign g oods . As local consumers do not take supe! rior into consideration, it is necessary to analyze...If you pauperization to get a full essay, recite it on our website: BestEssayCheap.com

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