Editor’s note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries.
Pipelines running from an oil production site in eastern Ecuador, Dec. 3, 2012 (DPA photo by Erwin Patzelt via AP). |
Ecuadorean President Rafael Correa defended his legacy last month in his last state of the nation address, saying that the current recession is the result of a perfect storm of falling oil prices and a strengthening U.S. dollar. In an email interview, Diego Grijalva, a professor of economics at the University of San Francisco of Quito, discusses Ecuador’s economy in the wake of the commodities bust. ...
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Noticia tomada de: World Politics Review
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