Ecuador: South America’s Brightest Star or the Next Venezuela?
This piece was recently featured on VivaTropical click here to read entire post.
Measured by nearly any economic or social metric, Ecuador enjoyed a sustained boom between 2000-2014.
However this was a relatively new phenomenon for the small South American country. With the approximate landmass of Colorado and a population of just over 16M, Ecuador has experienced tremendous change over the last 30+ years.
As a result of popular revolts against government corruption and mismanagement, Ecuador saw seven different Presidents take office between 1992 and 2007 – there was even a brief time in 1997 where three different individuals claimed to be president of the country simultaneously!
Dollarization following the collapse of the Sucre in 2000 marked the beginning of stability and greater prosperity.