Importance of creating an economic observatory in the Eastern Zone of El Salvador

Abstract

The eastern part of El Salvador is an important geographical region of the country, which has historically provided key resources to stimulate the national economy from a thriving agricultural and livestock production, marine exploitation, tourism and others, at the same time it has a dynamic commercial activity and services that make it attractive for national and international investment, occupies more than a third of the national territory, with more than one million inhabitants, traditionally the recipient of a significant flow of remittances sent by those of its citizens who have emigrated to the Foreign. Therefore, this article addresses the considerations and analyzes the basic requirements for the creation of an observatory specialized in the analysis of socioeconomic phenomena with emphasis on the eastern part of the country. A qualitative and descriptive approach was used based on interviews with representatives of public institutions, professional associations and local development associations that operate in the territory as well as outside it. The results are presented through a structural approach by categories that address the scope, principles, governance, inter-institutional cooperation and sustainability that an economic observatory should have that favorably influences the creation of public policies in economic matters and contributes to the population acquire truthful information and have well-founded opinions.