All for Joomla All for Webmasters
Wednesday, 19 June 2019

S Success Stories

Ecuador’s Left-Wing Success Story

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

In a shift supported and welcomed in Washington, Latin America has been moving to the right in the last year or so.

Three of South America’s largest economies—Brazil, Argentina, and Peru—now have right-wing presidents with close ties to Washington and its foreign policy. The standard “Washington Consensus” narrative, while ignoring any US role in the region, sees the left governments that were elected in South America over the past couple decades as having ridden a commodities boom to populist victories, with handouts to the poor and unsustainable spending.

When that boom collapsed, the story goes, so did the finances of left governments and therefore their political fortunes.

But this is a highly exaggerated and self-serving narrative. Ecuador is a good example of how a left government achieved success over the past decade through positive and creative changes in economic policy, as well as financial, institutional, and regulatory reform.

The details are also worth looking at because Ecuador’s experience shows that much of the rhetoric about how “globalization” restricts the choices of governments to those that please international investors is also exaggerated. It turns out that even a relatively small, middle-income developing country can adopt workable alternative policy options—if people can elect a government that is independent and responsible enough to use them.

Popular News

Poor 500 Newsletter

Subscribe to get our latest updates and news

Poor 500 @poor500

Tue Apr 17 03:48:55 +0000 2012

Critical medical conditions
Tue Apr 17 03:47:25 +0000 2012

Critical medical conditions via @poor500
Fri Mar 02 08:19:18 +0000 2012

new launch , so soon , get ready for hot version !
Tue Sep 14 02:47:18 +0000 2010

RT @poor500: World Most Cheap Food... -

We Published Poor 500 to raise awareness and put a spot light on the most suffering people around the world, We don't accept any donations, our main goal is to help the people to live a better live