is clear that greater importance may involve Democracy is its existence or its absence.
already showed us the experience that their presence may be the case not eat or be educated, or cure.Y many "or" more ...
In the following note from The Nation (the transcribed below) report some economic policy measures implemented by the Ecuadorian President Rafael Correa. Today there were some riots in Ecuador, which I would pass over.
In my opinion given to reflect again about the importance of quality of democracy and the importance of having presidents Economists.
In the coming days I will investigate a bit to put some facts into perspective. Meanwhile
me your opinion on Democracy and economists to Power!
Greetings, MI
Note Nation Today
Correa, axis of XXI century economic policy of Ecuador
Ecuadorian economic policy must be understood in close relationship with President Rafael Correa . It could not be differently, as Correa is a specialist in the field. In addition to being Minister of Economy, has a distinguished academic career. He graduated as an economist in 1987, at the Catholic University of Santiago de Guayaquil, earned a master at the Catholic University of Leuven in Belgium and a Ph.D. from the University of Illinois at Urbana-Champaign, USA, in 2001.
President is located within the trend known as XXI Century Socialism, a term promoted by the German sociologist Heinz Dieterich Steffan. Its regional ally, Hugo Chávez, has ironically defined as "the Chicago boy to the left."
As Ecuador's economy which is dollarized and is the eighth largest in Latin America, "in 2009, its GDP was U.S. $ 57,249 million. This year, growth was 0.36%. Meanwhile, per capita GDP was U.S. $ 4,201.
less than two months ago, the Central Bank revised the growth projection of the country's economy to 3.7% during 2010 from an earlier 6.8 percent, since the oil sector would decrease by 1 , 7 percent this year.
Among the main sectors in 2010 will grow the agriculture, manufacturing and construction, said the document.
Ecuador belonging to the Organization of Petroleum Exporting Countries (OPEC). While it is the smallest member of the group, oil accounts for 40% of exports and contributes to maintaining a positive trade balance.
Recently, the Central Bank reported an increase from 64% in exports in the first six months of the year. During the first half of 2010, exported 5.414 billion dollars. In the same period last year the figure was of 3330 million.
extreme poverty rate has declined significantly between 1999 and 2010. In 2001 was estimated at 40% of the population, while in 2010 the figure dropped to 16.5% of the total population.
The unemployment rate in the first half of the year stood at 7.7%, according to official figures. This showed a fall of 0.6 points over the same period in 2009.
Model. After his resounding victory in the 2009 elections, with which he began his second term, Correa called to deepen his socialist project and advance the so-called "citizens' revolution."
"Changes are possible, but outside of the capitalist system within the new socialism," Correa said. There, said that his government would continue pushing for a financial order outside the International Monetary Fund and World Bank.
The dispute was not new: in 2007, Correa had expelled the World Bank's envoy in the country, and promoted a "regional rebellion" against foreign credit agencies. In those days, with that action and terminating the relationship with the International Monetary Fund (IMF), the president settled accounts with which he calls "bureaucracy undesirable."
The Fund dismissed him with a check for $ 11.4 million of debt outstanding and WB with a bang because of the "blackmail" which he said, endured by the body being Finance Minister in 2005.
Last April, he threatened to expropriate oil: tightened the siege imposed on the foreign oil companies to announce sending a bill to the National Assembly to expropriate the fields leased to these companies if they refuse to sign new contracts with the State in the short term. So
ratified and hardened their stance against transnational corporations within its project to regain full control on oil production.
"Since I ran out of patience on this, are playing with us the oil, there will be very important actions in the coming weeks," then the president had said.
oil exploitation in Ecuador (fifth largest on the continent) down from 536,000 bpd in 2006 to 466,000 bpd in the first two months of 2010. In 2009, foreign oil accounted for 42 percent of global production of 486,000 barrels per day.
Meanwhile, last August, the Ecuadorian government announced the expropriation of some 2.5 million hectares of land considered unproductive and concentrated in few hands.
Policy in an unstable country. Correa was in 2009, the president re-elected in the recent history of Ecuador, a country that was until recently the most unstable in the region, with seven presidents in a decade (1997-2006), three of them dismissed amid popular revolts.
social investment, economic policy nationalist, anti-American position, a sharp confrontation with neoliberalism (the "long and sad neoliberal night" as he calls the nineties) and a fervor for Latin American integration marked its first year government.
In his first government, Correa's popularity allowed him to take controversial decisions, such as declaring a moratorium of nearly 32% of external debt, estimated at 10,090 million dollars, considering it "illegal and illegitimate."
had also a strong spending on social programs, subsidies and investment in education and health. According to official data, until last year invested 2.5 billion dollars in schools, hospitals, housing and infrastructure.
