President Solis has signed a decree declaring of public interest the "promotion, development and formalization of businesses in the social solidarity economy", at the same time as a bill with the same concept is not advancing in the legislature.
When the bill on the Social Solidarity Economy was presented in July 2015, theprivate sector expressed doubtsabout a concept that"... represents unfair competition against formal private companies and contributes nothing to the serious fiscal problems of the country, because it reduces the question of tax collections."
An economy will function adequately when there is an operational framework for the market and the private sector, says an Argentine economist during a recent visit to Guatemala.
Marcelo Resico, an economist with the Catholic University in Argentina, said the social economy of the market should focus on the principals, institutions and concrete economic policies that are based on the central idea that the concepts of liberty, solidarity and subsidiarity are complementary.
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