Effects of Dollarization in Ecuador - UK Essays.
Ecuador is a small country located in South America. It is bordered in the north by Columbia, on the east and south by Peru and by the Pacific Ocean on the west. Ecuador has an area of 109,484 square miles (283,520 square kilometers). The country’s capital city is Quito, which was declared a World Heritage Site in the 1970s by UNESCO.
Ecuador is a small yet extremely diverse country. It has the biodiverse Amazon Basin, the high peaks of the Andes Mountain Chain, the Enchanted Isles known as the Galapagos Islands and rugged Pacific Coast. We entered the country through the Amazon region bordering with Colombia and made our way up through the cloud forest and through the Andes.
Interesting facts about Ecuador. 1. The national tree of Ecuador is the cinchona tree which produces Quinine, the first drug used to prevent and treat malaria. (Source: Britannica) 2. Ecuador is one of only two countries in South America that does not share a border with Brazil. (Source: Google Maps) 3.
Ecuador - Poverty and wealth Photo by: ipope. Ecuador's population was burdened by an unequal distribution of wealth in the 1990s. In 1996 the wealthiest 20 percent of Ecuadorians earned half of the nation's total income, while the poorest 20 percent collected only 5 percent. The gap between rich and poor grew noticeably during the 1999.
As part of an activity in the area of studies in Latin America, the purpose of this essay is to analyze Corruption as one of today’s most marked problematic in politics, but more specific the paper will focus in discuss the reasons and consequences of corruption and its manifestation in Ecuador.
Demonstrators clash with a riot police officer during a protest in Quito, Ecuador, on December 3, 2015, as the Ecuadorean National Assembly attended the second debate about constitutional amendments.
Growth will return to positive territory in 2020 but activity will remain very weak. The austerity measures put in place by the Moreno government to reduce public debt are weighing on household consumption and confidence. The civil service wage freeze, the non-replacement of one in two retirements, as well as the non-renewal of occasional contracts for the State will all affect consumption.