Latin Business Chronicle – Ecuador’s Expensive Policies
Date: Mar 17, 2011
The writer of this article in the Latin Business Chronicle talks about economic policy choices that have been made in Ecuador which his studies indicate have significantly curtailed growth in the country:
According to the official data published by the CEPAL, foreign direct investment in Ecuador collapsed ex-post 2006, following the expropriation of the famous “Bloque 15” and the subsequent decision to default on the debt following artful judicial arguments trying to support a supposed illegality of the existing debt. Keep in mind that the judicial review used to default on the debt was never presented in international courts, most likely because the case had absolutely no judicial merit.
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