Ecuador – Economic Aspects

“A Golden Opportunity”

Review by The Business Year
Language: English
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“How Ecuador sold itself to China”

Article by Felix SalmonReuters – July 5, 2011
Language: English
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“Ecuador: indebted to China”

Aricle by Naomi MpastoneInterAmerican Security Watch – July 6, 2011
Language: English
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“Bananas, fish and oil: Sino-Ecuadorian ties deepen”

Article by Denise LawFT Tilt – June 30, 2011
Language: English
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“Ecuador Weekly Report for March 05 – March 09, 2012″

“Ecuador needs much faster growth  rates over many years to achieve sustained poverty  reduction. While oil prices currently appear stable,  their inherent volatility makes Correa’s so far  successful bet on string oil risky in the long run. Whoever  follows him will likely inherit a fiscal mess  requiring urgent reforms.

Spending last year reached close to half of GDP, according to the  finance ministry, which put last year’s non-financial public spending at a stunning $31.5 billion, up 36%  from $23.17 billion a year earlier and 163% from the $11.34 billion 2006 budget. In that year, the Palacio  government budget accounted for 26% of GDP. A return to reasonable fiscal spending levels will be  politically challenging, not least after the current government hired some 120,000 bureaucrats. Any  draconian measures could trigger major protests, risking political stability.”

Report by Analytica Investments
Language: English
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“Ecuador Weekly Report for January 21 – January, 2012″

“Despite the increase in taxes noted above, which could indicate improved redistribution, the poverty rate fell just 1.3 percentage points in 2011 to 27.3% from 28.6% a year earlier, according to INEC, the national statistics agency. As economist Vicente Albornoz noted in a column in El Comercio, poverty reduction under Correa continues to underperform that of the previous administrations since 2000.

He added that the sharp drop in poverty in 2010, a year of 6.5% GDP growth, proved poverty reduction isn’t necessarily more difficult following several years of economic stabilization and growth as seen in Ecuador after the introduction of the dollar. Any celebration of GDP growth under Correa – of course a weak proxy for development – is thus misplaced.”

Report by Analytica Investments
Language: English
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