Economic situational diagnosis of commercial activity Tulcán - Carchi, period 2018

Abstract

The performance of the economy of the Tulcán-Ipiales border depends especially on determining external factors that lead the welfare of its inhabitants, it can be noted among the most important that affect the economy is the fluctuation of the exchange rate, the devaluation of the currency of the Colombian government; and internal factors such as lack of innovation and creativity of the merchants, conformism, migration among others; and the dependence on central government policies in order to reactivate the economy that for the present study has been relatively minimal. Product of the crisis that was generated as a result of the end of 2014 and during 2015, when the exchange rate began to increase significantly, traders were surprised with their sales drops, and consequently having problems with the debts contracted with financial institutions. Local, and even in some cases entered into the process of closing the business. Finally, the strategies that are formulated to improve the local economy are proposed, they go through the reactivation of the tourist, agroindustrial, and service sectors. Economic activities that require the intervention of the central government and local authorities for their development.