How the Ecuadorian Economy Grew in a Global Recession ( William K. Black )

[Catherina]

1. Lol! "they were emphasizing what a disaster Ecuador was and what a disaster it was almost certainly

and they were emphasizing what a disaster Ecuador was and what a disaster it was almost certainly going to continue to be, that it had no stable government, that its elites--remember, this is an American conservative writing this--that its business elites had no real attachment to democracy, that they worked with the military behind the scenes to remove, unconstitutionally, elected governments, that the debt of Ecuador was crushing, and that there--really, everything that one could predict was that it was likely to get worse, not better.

It's amazing what happens when you invest the money in the people, when in spite of an IMF-forced recession, you pursue policies that target poverty alleviation

And the coups? Yeah, we know all about those

DU rec