Guateconomics

This Electronic Monograph (E-Monograph) is interested to present new models to analyze the complexity and dynamic behavior of a small economy such as Guatemala using different and new approaches in economic and policy modeling to evaluate economic performance and vulnerability of Guatemala using Econographicology (Ruiz Estrada, 2017) as the main analytical and theoretical framework to support the construction of all these models. This E-Monograph is divided into seven chapters. The first chapter introduces "Guateconomics" that focus in the study and research of the Guatemalan economy as a whole. The second chapter is given a general idea about Guateconomics and the Guatemala 2050 Platform respectively. The third chapter opens a new paradigm under the evaluation of the uses of emergent technologies can mitigate economic leaks: inflation and unemployment simultaneously. Our approach leads us further away from the traditional approach through the classic fiscal and monetary policy approaches. We aim to introduce a new model is entitled the economic anti-leaks evaluator (Ẹ-Evaluator). The economic anti-leaks evaluator (Ẹ-Evaluator) is divided into five indicators: (i) economic leak rate (-Ẹ-rate): Actual and Optimum; (ii) emerging technologies access rate (ẗ-rate): Actual and Optimum; (iii) the emerging technologies access matrix (ẗ-martrix); (iv) emerging technologies access surface (ẗ-surface); (v) the technological spillover effect index (T-Index): Actual and Optimum. The ẗ-rate encompass a total of twenty-five variables that contribute to constructing of this single index. Our primary objective is to demonstrate that a high and rapid expansion of ẗ-rate can potentially reduce and even halt the rise of economic leak rate (Ẹ-rate) over short or long periods of time. We are undertaking simulations using experimental data to assess and visualize the impact of ẗ-rate on the economic leak rate (Ẹ-rate): inflation and unemployment simultaneously. Finally, we applied economic the anti-leaks evaluator (Ẹ-Evaluator) in the case of Guatemala. The fourth chapter aims to investigate the viability of Electronic Wallets (E-Wallets) as a substitute for traditional cash in various countries. We posit that such a monetary transition could streamline GDP calculations, enhance tax collection, curb money laundering and illicit markets, reduce corruption, regulate money supply, quantify demand for money, lower interest rates, incentivize sales through discounts, obviate the need for physical currency production, exert greater control over inflation, facilitate cost-effective transactions, and accelerate the circulation of money within the market. The crucial condition for the success of this transition lies in the comprehensive oversight and management of the Electronic Wallet by the Central Bank Digital Currency (CBDC). Additionally, we conduct simulations to assess the fundamental prerequisites for implementing E-Wallets in three countries representing different regions and stages of development: China (a major economy), Malaysia (a mid-sized economy), and Guatemala (a smaller economy). To evaluate these economies, we propose the use of the E-Wallet Implementation Evaluator (EWI-Evaluator) for a comprehensive assessment to determine the feasibility and suitability of adopting E-Wallets as the official currency and payment method in any country worldwide. The fifth chapter examines how to evaluate corruption based on the socio-economic development leakage that any country can experience in different historical periods. It is based on a new indicator entitled” The Massive Socio-Economic Development Leakage from to which crime affects the country’s economic performance.