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Topic: Economy of Ecuador

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Ecuador

Economy of Uruguay

Economy of Kazakhstan

Economy of Bolivia

Economy of Suriname

Economy of Peru

Economy of Venezuela

Economy of Angola

Economy of Nicaragua

Economy of Chile

History of Ecuador

Economy of Colombia

Economy of Guatemala

Foreign relations of Ecuador

Transportation in Ecuador

	Economy of Ecuador - Wikipedia, the free encyclopedia
		Ecuador differed significantly from the viceroyalty centers (Lima and Bogotá), however, in that mining never became a vital part of the economy.
		The rural economy came to rely on a system of peonage, in which Sierra and Costa Indians were allowed to settle on the lands belonging to the hacendado, to whom they paid rent in the form of labor and a share of their crop.
		Economy of: Argentina · Bolivia · Brazil · Chile · Colombia · Ecuador · Guyana · Panama · Paraguay · Peru · Suriname · Trinidad and Tobago · Uruguay · Venezuela
	en.wikipedia.org /wiki/Economy_of_Ecuador (1735 words)

	Ecuador - Wikipedia, the free encyclopedia
		The Republic of Ecuador (Spanish: República del Ecuador, IPA [re'puβlika ðel ekwa'ðoɾ]) is a country in northwestern South America, bounded by Colombia on the north, by Peru on the east and south, and by the Pacific Ocean on the west.
		Ecuador's mainstream culture is defined by Ecuador's mestizo majority and, like their ancestry, is a mixture of European and Amerindian influences infused with African elements inherited from slave ancestors.
		Ecuador's indigenous communities are largely integrated into that mainstream culture to varying degrees, but some may also practise their own autochthonous cultures, particularly the more remote indigenous communities of the Amazon basin.
	en.wikipedia.org /wiki/Ecuador (2715 words)

	Ecuador - ECONOMY
		Historically, Ecuador's economy has been characterized by the dichotomy, and sometimes bitter rivalry, between the large-scale, export-oriented agricultural enterprises of the Costa (coastal region) and the smaller farms and businesses of the Sierra (Andean highlands).
		Ecuador produced both arabica and robusta varieties, with over half of the plantings in the hilly areas of Manabí Province; most of the remaining plantings were found in the western foothills of the Andes south of Guayaquil.
		Ecuador modernized its tuna fleet in the late 1980s with the addition of refrigerated vessels and the leasing of several large seiners (nets) from the United States.
	www.mongabay.com /reference/country_studies/ecuador/ECONOMY.html (9624 words)

	Ecuador - MSN Encarta
		Ecuador straddles the equator (Ecuador is the Spanish word for “equator”).
		Ecuador was a Spanish colony until 1822, when independence forces won a decisive victory over Spain.
		Ecuador is bounded by Colombia on the north, by Peru on the east and south, and by the Pacific Ocean on the west.
	encarta.msn.com /encyclopedia_761565312/Ecuador.html (718 words)

	Ecuador - Ministry of Tourism - Ecuador
		Ecuador’s rich history is a tumultuous one that goes back thousands of years to the time when tribes migrating from Asia arrived in what is now Ecuador.
		Ecologically, Ecuador is one of the richest countries on the planet.
		Rich in biodiversity, Ecuador's natural attractions are endless from the depths of the Amazon to the peaks of the Andes, not to mention the unforgettable Galapagos Islands.
	www.vivecuador.com /html2/eng/ecuador.htm (254 words)

	Index of Economic Freedom 2006 - Ecuador
		Ecuador's fiscal burden of government score is 0.1 point worse this year; however, its trade policy and government intervention scores are both 0.5 point better, and its monetary policy score is 1 point better.
		The World Bank reports that Ecuador's weighted average tariff rate in 2004 was 9 percent, down from the 10.5 percent in 2002 reported in the 2005 Index.
		From 1995 to 2004, Ecuador's weighted average annual rate of inflation was 7.25 percent, down from the 14.99 percent from 1994 to 2003 reported in the 2005 Index.
	www.heritage.org /research/features/index/country.cfm?id=Ecuador (1109 words)

	Economy in Ecuador - Ecuador General Information : GoEcuador.com (Site not responding. Last check: 2007-09-17)
		Ecuador was left without a thriving industry and in debt to foreign banks.
		The cacao boom allowed the economy of Ecuador to grow during the last years of the 18th century up to 1925.
		During this period, Ecuador was the first exporter of cacao in the world and covered 25% of the world demand during the first decade of the 20th century.
	www.goecuador.com /ecuador-general-info/ecuador-economy.html (483 words)

	Ecuador Economy - Ministry of Tourism - Ecuador
		Quito is the political heart of Ecuador, Guayaquil the financial pulse and principle port, Cuenca the cultural soul, and Manta an important seaside port city.
		Oil exploration began in Ecuador on the Santa Elena Peninsula in the first quarter of the 20th century.
		In addition, to large industries such timber and textile, the Ecuadorian economy is also powered by small industries such as the production of handicrafts, a group of products which Ecuador produces in abundance, suiting the needs of consumers worldwide.
	www.vivecuador.com /html2/eng/economy.htm (310 words)

	The Globalist \| Global Economy -- Squeezing Ecuador
		Ecuador today is in far worse shape today than the country was before we introduced her to the miracles of modern economics, banking and engineering.
		Since 1970, during this period known euphemistically as the Oil Boom, the official poverty level grew from 50 to 70%, under- or unemployment increased from 15 to 70% and public debt increased from $240 million to $16 billion.
		Ecuador is drowning in foreign debt and must devote an inordinate share of its national budget to paying this off, instead of using its capital to help the millions of its citizens officially classified as dangerously impoverished.
	www.theglobalist.com /printStoryId.aspx?StoryId=4923 (1875 words)

	Ecuador
		The Republic of Ecuador was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Colombia and Venezuela).
		Between 1904 and 1942, Ecuador lost territories in a series of conflicts with its neighbors.
		Ecuador completed its first standby agreement since 1986 when the IMF Board approved a 10 December 2001 disbursement of $96 million, the final installment of a $300 million standby credit agreement.
	www.knowledgefun.com /book/e/ec/ecuador.html (270 words)

	Ecuador Economy
		Ecuador is the world's largest exporter of bananas (about $1.1 billion in 2003) and a major exporter of shrimp ($275.7 million in 2003).
		These factors highlighted the Government of Ecuador's unsustainable economic policy mix of large fiscal deficits and expansionary money policy and resulted in an 6.3% contraction of GDP, annual year-on-year inflation of 52.2%, and a 65% devaluation of the national currency in 1999.
		Ecuador experienced modest GDP growth of 2.7% in what the Government of Ecuador called a transition year in 2003.
	www.traveldocs.com /ec/economy.htm (657 words)

	Sonorama's Ecuador Economy Money and Business Page (Site not responding. Last check: 2007-09-17)
		Ecuador has over 30 banks, in addition to savings and loan cooperatives and mutual societies authorized by the Superintendent of Banks.
		Ecuador's banks have underwent significant changes and crises over the past two years.
		In Ecuador a certificate of deposit may be sold by the owner on the stock market.
	members.aol.com /SONORAMA/sonoecon.htm (1112 words)

	Ecuador: Economy (Site not responding. Last check: 2007-09-17)
		Ecuador economy is based on agriculture, fishing, and mining.
		The explotation and exporting of oil have played a dominant role in the country's economy since the early 1970s.
		Over the last century, economic development depended on the exports of first cocoa and the bananas, of which Ecuador was the world's largest exporter for several decades.
	www.ddg.com /LIS/aurelia/ecueco.htm (87 words)

	Profile of Ecuador
		Overall, the economy in Ecuador is expected to shrink by at least 7% during 1999, and the annual inflation rate was already at 60% by the fall of 1999.
		And in September and October of 1999, Ecuador became the first country to default on Brady bonds, which are dollar-denominated bonds partially backed by U.S. Treasury bonds.
		His attempts at reaching an austerity-based lending agreement with the IMF are complicated by the lack of domestic political consensus-building that is required to enact needed reforms.
	www.realtor.org /intlprof.nsf/All/Ecuador?OpenDocument (688 words)

	Ecuador
		Ecuador, about equal in area to Nevada, is in the northwest part of South America fronting on the Pacific.
		Peru invaded Ecuador in 1941 and seized a large tract of Ecuadorian territory in the disputed Amazon region.
		Ecuador: Economy - Economy More than one third of the workforce engages in agriculture, which accounts for almost 20%...
	www.infoplease.com /ipa/A0107479.html (1080 words)

	SICE - ECLAC - Economy of Ecuador (Site not responding. Last check: 2007-09-17)
		The corrective steps that were taken were successful in bringing these imbalances under control, however, and by the end of the year the fiscal deficit amounted to 2% of GDP and the annualized rate of increase in the price index had leveled off around the 30% mark registered in January.
		The growth rate posted for the first half of the year was actually 4.1%, but this did not reflect a genuine increase in economic activity, since, owing to the stagnation of real household income, consumer demand for goods and services expanded by only 1.6% and gross fixed capital formation slipped back by 0.2%.
		Thus, the economy’s growth was largely based on the replenishment of inventories, which had been drawn down sharply the year before.
	www.sice.oas.org /geograph/westernh/97/ovecu_e.asp (1092 words)

	A2Z Languages - Ecuador - Country Guide - Economy
		In 1982 floods caused severe disruption in agriculture and exports of banana and coffee were roughly halved.
		The currency in Ecuador is the Sucre named after general Sucre, who defeated the Spanish colonists in 1924.
		Costs in Ecuador are one of the lowest in latin America.
	www.a2zlanguages.com /Ecuador/countryguide/ecuador_economy.htm (413 words)

	Ecuador - Economy
		Ecuador has substantial petroleum resources, which have accounted for 40% of the country's export earnings and one-third of central government budget revenues in recent years.
		In the late 1990s, Ecuador suffered its worst economic crisis, with natural disasters and sharp declines in world petroleum prices driving Ecuador's economy into free fall in 1999.
		Dollarization stabilized the economy, and growth returned to its pre-crisis levels in the years that followed.
	www.exxun.com /Ecuador/e_ec.html (588 words)

	Economy of Ecuador (Site not responding. Last check: 2007-09-17)
		Coffee is one of the largest exports that come out of Ecuador and plays a major role in the country's economy.
		Ecuador is a strategic commercial hub due to its central location and great natural harbors.
		Quito is the capital and political heart of Ecuador.
	www.languagecrossing.com /destinations/ecuador/economy_of_ecuador (321 words)

	globalEDGE (TM) \| country insights - Economy of Ecuador (Site not responding. Last check: 2007-09-17)
		Ecuador is the world's largest exporter of bananas (about $1.2 billion in 2004) and a major exporter of shrimp ($319.3 million in 2004).
		These factors highlighted the Government of Ecuador's unsustainable economic policy mix of large fiscal deficits and expansionary monetary policy and resulted in an 6.3% contraction of GDP, annual year-on-year inflation of 52.2%, and a 65% devaluation of the national currency in 1999.
		Though Ecuador has a relative abundance of oil reserves, it has been unable to take full advantage of those resources for its own development.
	globaledge.msu.edu /ibrd/CountryEconomy.asp?CountryID=122&RegionID=4 (516 words)

	Ecuador Economy Government (Site not responding. Last check: 2007-09-17)
		Ecuador's unicamaral Congress passes laws, levies taxes, and approves International Treaties and an annual budget proposed by the executive branch.
		Congressmen are elected during multi-party elections and represent one of Ecuador's 21 provinces.
		Ecuador's major agricultural and seafood exports are bananas, flowers, cocoa, coffee, shrimp, and tuna.
	www.ecuadorexplorer.com /html/government_and_economy.html (924 words)

	Ecuador Dollarizes Its Economy [Free Republic]
		An optimist might say Ecuador is finally getting its financial house in order, whereas a cynic might say it looks like Ecuador is positioning itself to be the next great Latin American money-laundering center, a la Panama (also a dollarized economy).
		In fact, ratios of 30-60 percent prevailed in most transition economies in Eastern Europe and the former Soviet Union during 1990-95 and were prevalent in Latin America as well.
		There is thus a clear trend away from fixed rates in emerging market economies, especially in the wake of the Asian/global crisis where a number of relatively fixed-rate countries were forced to abandon their pegs and countries with various types of floating rates generally fared better.
	www.freerepublic.com /forum/a39bc84633b2b.htm (2962 words)

	Linux Java Software Ecuador (Site not responding. Last check: 2007-09-17)
		Like most of the Third World, Ecuador's developmental model had historically been faced with a Catch-22 - the ability to generate capital was dependent on being able to compete on a global level, however, competing on a global level was often contingent on having access to capital and the latest technologies.
		Traditionally, the Ecuadorian economy has been blessed with a cheap supply of labor but cursed with the capital needed to use its labor force to for competitive startup companies.
		While providing Ecuador's next generation with the access to the technologies and information necessary to compete in the global marketplace, Linux and Java have given a boost to the nation's more competitive non-traditional exports while giving birth to its most recent: the booming software technology field.
	www.ecuadorexplorer.com /html/linux_and_java.html (1710 words)

	Ecuador
		A border war with Peru that flared in 1995 was resolved in 1999.
		Ecuador joined the World Trade Organization in 1996, but has failed to comply with many of its accession commitments.
		The aftermath of El Nino and depressed oil market of 1997-98 drove Ecuador's economy into a free-fall in 1999.
	www.paulnoll.com /Locations/visiting-Ecuador.html (347 words)

	Ecuador - Country Profile - Republica del Ecuador - South America, Ecuador, Galapagos Tourism
		Art and Culture of Ecuador, painting, music, the theater, the dance and all the other expressions.
		Research center for monitoring of active volcanos and tectonic faults in Ecuador (in Spanish).
		Ecuador's history by Ministry of Tourism of Ecuador.
	www.nationsonline.org /oneworld/ecuador.htm (684 words)

	Technorati Tag: Ecuador (Site not responding. Last check: 2007-09-17)
		Ecuador League Roundup Posted May 1st, 2006 7:30 pm in World Cup 2006 Blogs, Group A, Ecuador A look at all of the action in Ecuador's top flight...
		GALAPAGOS, ECUADOR - While Brian attempts at 'dancing' underwater with a pair of sea lions were made less than graceful due to a thick wetsuit and...
		Kon-Tiki Tours: The Ecuador Specialists Kon-Tiki is the Ecuador specialist taking you to see the highlights of Ecuador.
	technorati.com /tag/Ecuador (503 words)

	BBC NEWS \| World \| Americas \| Country profiles \| Country profile: Ecuador
		Traditionally an agrarian country, Ecuador's economy changed radically after the 1960s, when industrial development and the discovery of oil triggered rapid growth and progress in the spheres of health, education and housing.
		Inflation, which had become the highest in the region, led the government to replace the national currency with the US dollar in an effort to curtail it.
		Additional steps to stabilise the economy, such as IMF-inspired austerity measures and privatisation, have generated widespread unrest, primarily among the indigenous poor, who bear the brunt of higher fuel prices.
	news.bbc.co.uk /1/hi/world/americas/country_profiles/1212882.stm (595 words)

	Ecuador: Economy
		Petroleum is the country's largest industry; others include food processing, metal works, and the manufacture of textiles, wood products, chemicals, and plastics.
		Oil is Ecuador's leading export, followed by coffee, bananas, cocoa, shrimp, and fish products; other exports include forest products (notably balsawood), sugar, rice, and copper.
		During the 1980s and 90s, Ecuador's leaders imposed austerity budgets on the government in an attempt to stimulate economic growth.
	www.factmonster.com /ce6/world/A0857892.html (145 words)

	washingtonpost.com: Ecuador
		Supporters of former Col. Lucio Gutierrez, a former coup leader viewed as a crusader against corruption, celebrate in Quito after Gutierrez won Ecuador's presidential runoff.
		A detailed list of facts and figures for Ecuador.
		A description of the history, government, politics and economy of Ecuador.
	www.washingtonpost.com /wp-dyn/world/americas/southamerica/ecuador (320 words)

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