Brazil, Argentina, Uruguay, Bolivia, Chile, Ecuador. The populist left-wing parties are rapidly losing ground in Latin America, but is it good news?
Brazil, Argentina, Uruguay, Bolivia, Chile, Ecuador. The populist left-wing parties are rapidly losing ground in Latin America, but is it good news?
Word has it that China will surpass the U.S. as the world’s largest economy by the end of this year, according to a recent World Bank report. This is an event of dramatic, albeit symbolic, importance for the way the world will conduct its affairs. With this in mind, what can be expected from international […]
Ecuadorian President Rafael Correa, president of the smallest oil producing and exporting member of OPEC, has committed to expanding oil drilling – from the current 513,000 barrels of oil per day. President Correa announced last week that he signed an executive decree to end the Yasuni Ishpingo-Tambococha-Tipuni (ITT) initiative. ITT are oil blocks, which house […]
Hugo Chavez in Venezuela and Rafael Correa in Ecuador swept into power promising to use the wealth of natural resources in their countries to help address widespread poverty and stabilize the economy. Both improved situations enough to win reelection, but both also seem to have a strong grip on power and willingness to curtail democracy […]
Since Rafael Correa was elected president of Ecuador in 2006, the country has become a study in new socialism. It is new because it combines the social aspect of socialism while also relying on market forces. Ecuador, like many developing countries, has suffered from the ill effects of “dependencia,” a system that keeps the nation […]
The Washington Post’s Juan Forero recently published an article on the erosion of democratic institutions in Latin America. Among the “new authoritarians” he cites as responsible for the decline are Hugo Chavez and several of his key allies, namely Ecuador’s Rafael Correa, Bolivia’s Evo Morales and Nicaragua’s Daniel Ortega. All of them have ridden roughshod […]
In the past few years we have seen Venezuela as an arms recipient, but does it now qualify as an arms dealer? In late September the Chávez administration donated six combat airplanes to Ecuador. Despite the weapons transfer, relations between Colombia and Ecuador appear to be on the mend, with talks about the resumption of […]