began the process of opening up the country on several fronts.<\/span><\/p>\n[\/et_pb_text][et_pb_text admin_label=”Ecuador en b\u00fasqueda de su espacio en la democracia” _builder_version=”3.1.1″]<\/p>\n
Ecuador searches for its footing in democracy<\/h1>\n
[\/et_pb_text][et_pb_text _builder_version=”3.1.1″]<\/p>\n
In the first half of the 20<\/span>th<\/span> century, Ecuador had close to 25 presidents<\/strong>\u2014probably the most volatile period it has experienced. Later, just as in most of Latin America, it had a military government in the 70s\u2019. After its return to democracy (1979), several governments were able to reach the ends of their terms, though not without disturbance or threats of collapse. Then, due to the social turmoil between 1997 and 2007, Ecuador had eight presidents, a stark contrast to its one president from 2007 to 2017.<\/span><\/p>\n[\/et_pb_text][et_pb_text admin_label=”La muerte del \u201csucre\u201d, el nacimiento del d\u00f3lar y la estabilidad econ\u00f3mica” _builder_version=”3.1.1″]<\/p>\n
Death of the sucre<\/i>, birth of the dollar and economic stability<\/h1>\n
[\/et_pb_text][et_pb_text _builder_version=”3.1.1″]<\/p>\n
Improper management of its national currency led Ecuador to abandon the <\/strong><\/span>sucre<\/i> at the beginning of the 21st<\/strong> century<\/strong>; trust in the <\/span>sucre<\/span><\/i> was lost.<\/span><\/p>\nIn January 2000, the Ecuadorian economy became dollarized and economic uncertainty began to subside, though it did not vanish completely. In the first five years of the 21<\/span>st<\/span> century, the Ecuadorian economy grew at a significant rate, poverty decreased<\/strong> and several regulations related to fiscal prudence were enacted. The country regained its economic equilibrium, but its political situation remained highly volatile.<\/span><\/p>\n[\/et_pb_text][et_pb_text admin_label=”La crisis de los partidos y la irrupci\u00f3n de Rafael Correa” _builder_version=”3.1.1″]<\/p>\n
Political party crisis and Rafael Correa\u2019s break-in<\/h1>\n
[\/et_pb_text][et_pb_text _builder_version=”3.1.1″]<\/p>\n
The political instability that permeated Ecuador from 1997 to 2006 gave rise to a new leader, one from outside the traditional system. Outsider Rafael Correan wound up winning the elections on his promise to convene a Constituent Assembly and \u201cre-found\u201d the nation.<\/strong><\/span><\/p>\nCorrea, a nonconformist, took a socialist management style with the economy, treating the State as the protagonist and the private sector as a series of supporting actors. This is how, in 10 years under his government, the public economy went from representing 22% of GDP in 2007 to 44% in 2017. <\/strong><\/span><\/p>\nOn the political side, Correa set up a control system. New electoral rules made it virtually impossible for the opposition to occupy democratic space. The new \u201cpower of Citizenship Participation\u201d coopted their participation and guided the process toward appointing authorities who supported the current government. \u00a0Court rulings were guided, and freedom of speech was affected<\/strong> by both sanctions to mass media and new regulations that resulted in self-censorship.<\/span><\/p>\n[\/et_pb_text][et_pb_image admin_label=”Imagen web” _builder_version=”3.1.1″ disabled=”off” disabled_on=”on|on|” src=”https:\/\/ideasen.llorenteycuenca.com\/wp-content\/uploads\/sites\/6\/2019\/05\/grafico_web_ENG.jpg” \/][et_pb_image admin_label=”Imagen m\u00f3vil” _builder_version=”3.1.1″ disabled=”off” disabled_on=”||on” src=”https:\/\/ideasen.llorenteycuenca.com\/wp-content\/uploads\/sites\/6\/2019\/05\/grafico_MOVIL_ENG.jpg” \/][et_pb_text admin_label=”Perspectiva 2019″ _builder_version=”3.1.1″]<\/p>\n
Outlook 2019<\/span><\/h1>\n[\/et_pb_text][et_pb_text _builder_version=”3.1.1″]<\/p>\n
Regarding the economy, the Ecuadorian government reached an agreement with multilateral banks for US$10.279 billion for the next three years<\/strong>. This is a \u201cbreath of fresh air,\u201d as far as resources are concerned. It is also a positive sign when considered alongside Moreno\u2019s intended reforms, which intend to restore macroeconomic balance, among other goals. <\/span><\/p>\nIt is highly probable that the disbursements agreed for 2019 will cover the looming financing gap. There are three key elements that will influence this year\u2019s economic dynamics: in 2020, a US$1.5 billion bond will mature<\/strong>, implying either payment or renegotiation; disbursements from multilaterals will, in some cases, require austerity<\/strong> measures that could mean layoffs in the public sector; and the lack of a majority<\/strong> in the Legislative area could make it challenging to implement a plan to support these disbursements.<\/span><\/p>\n[\/et_pb_text][et_pb_text admin_label=”Conclusi\u00f3n” _builder_version=”3.1.1″]<\/p>\n
Conclusion<\/span><\/h1>\n[\/et_pb_text][et_pb_text _builder_version=”3.1.1″]<\/p>\n
Ecuador is at a crossroads in its political and economic history. In fact, President Moreno calls himself a \u201ctransitional\u201d leader.<\/strong> There\u2019s a lot at stake. If the economic reforms prevail and successfully bring about the fiscal responsibility, caution and a return to macroeconomic balance they imply, we could see real improvements in Ecuador\u2019s quality of life. <\/strong><\/span><\/p>\nFurthermore, as long as the country\u2019s political conditions, institutions and governments view the components of liberal democracy as a guiding light, we can expect better days for Ecuador\u2019s political system<\/strong>. Otherwise, in a time of economic crisis, it would not be surprising if radicalism and populism were to find a new window to barge through.<\/span><\/p>\n <\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_image _builder_version=”3.1.1″ src=”https:\/\/ideasen.llorenteycuenca.com\/wp-content\/uploads\/sites\/6\/2018\/09\/Boton_Articulo_web_ESP-1.jpg” url=”https:\/\/www.desarrollando-ideas.com\/wp-content\/uploads\/sites\/5\/2019\/03\/190319_DI_El_reto_de_la_apertura_Ecuador_ESP.pdf” url_new_window=”on” \/][et_pb_text _builder_version=”3.1.1″] Today, Ecuador is undergoing an ongoing process to open its democracy. Following the financial crisis at the end of the 20th century, the Ecuadorian economy became dollarized in 2000. Regarding politics, change came after a crisis of representation and in political parties, first germinating when Rafael […]<\/p>\n","protected":false},"author":4,"featured_media":57280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[86],"class_list":["post-57278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ideas"],"acf":[],"yoast_head":"\n
Ecuador faces the challenge of its democratic opening - LLYC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/llyc.global\/en\/ideas\/ecuador-faces-the-challenge-of-its-democratic-opening\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ecuador faces the challenge of its democratic opening\" \/>\n<meta property=\"og:description\" content=\"[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_image _builder_version=”3.1.1″ src=”https:\/\/ideasen.llorenteycuenca.com\/wp-content\/uploads\/sites\/6\/2018\/09\/Boton_Articulo_web_ESP-1.jpg” url=”https:\/\/www.desarrollando-ideas.com\/wp-content\/uploads\/sites\/5\/2019\/03\/190319_DI_El_reto_de_la_apertura_Ecuador_ESP.pdf” url_new_window=”on” \/][et_pb_text _builder_version=”3.1.1″] Today, Ecuador is undergoing an ongoing process to open its democracy. Following the financial crisis at the end of the 20th century, the Ecuadorian economy became dollarized in 2000. Regarding politics, change came after a crisis of representation and in political parties, first germinating when Rafael […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/llyc.global\/en\/ideas\/ecuador-faces-the-challenge-of-its-democratic-opening\/\" \/>\n<meta property=\"og:site_name\" content=\"LLYC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LLYC.Global\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-09T22:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/llyc.global\/wp-content\/uploads\/2023\/10\/Ecuador-frente-al-reto-de-laapertura-democraI\u0081tica-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"403\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"maguilar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@llorenteycuenca\" \/>\n<meta name=\"twitter:site\" content=\"@llorenteycuenca\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"maguilar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ecuador faces the challenge of its democratic opening - LLYC","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/llyc.global\/en\/ideas\/ecuador-faces-the-challenge-of-its-democratic-opening\/","og_locale":"en_US","og_type":"article","og_title":"Ecuador faces the challenge of its democratic opening","og_description":"[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_image _builder_version=”3.1.1″ src=”https:\/\/ideasen.llorenteycuenca.com\/wp-content\/uploads\/sites\/6\/2018\/09\/Boton_Articulo_web_ESP-1.jpg” url=”https:\/\/www.desarrollando-ideas.com\/wp-content\/uploads\/sites\/5\/2019\/03\/190319_DI_El_reto_de_la_apertura_Ecuador_ESP.pdf” url_new_window=”on” \/][et_pb_text _builder_version=”3.1.1″] Today, Ecuador is undergoing an ongoing process to open its democracy. Following the financial crisis at the end of the 20th century, the Ecuadorian economy became dollarized in 2000. Regarding politics, change came after a crisis of representation and in political parties, first germinating when Rafael […]","og_url":"https:\/\/llyc.global\/en\/ideas\/ecuador-faces-the-challenge-of-its-democratic-opening\/","og_site_name":"LLYC","article_publisher":"https:\/\/www.facebook.com\/LLYC.Global\/","article_published_time":"2019-05-09T22:00:00+00:00","og_image":[{"width":730,"height":403,"url":"https:\/\/llyc.global\/wp-content\/uploads\/2023\/10\/Ecuador-frente-al-reto-de-laapertura-democraI\u0081tica-1.png","type":"image\/png"}],"author":"maguilar","twitter_card":"summary_large_image","twitter_creator":"@llorenteycuenca","twitter_site":"@llorenteycuenca","twitter_misc":{"Written by":"maguilar","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/llyc.global\/en\/ideas\/ecuador-faces-the-challenge-of-its-democratic-opening\/","url":"https:\/\/llyc.global\/en\/ideas\/ecuador-faces-the-challenge-of-its-democratic-opening\/","name":"Ecuador faces the challenge of its democratic opening - LLYC","isPartOf":{"@id":"https:\/\/llyc.global\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/llyc.global\/en\/ideas\/ecuador-faces-the-challenge-of-its-democratic-opening\/#primaryimage"},"image":{"@id":"https:\/\/llyc.global\/en\/ideas\/ecuador-faces-the-challenge-of-its-democratic-opening\/#primaryimage"},"thumbnailUrl":"https:\/\/llyc.global\/wp-content\/uploads\/2023\/10\/Ecuador-frente-al-reto-de-laapertura-democraI\u0081tica-1.png","datePublished":"2019-05-09T22:00:00+00:00","author":{"@id":"https:\/\/llyc.global\/en\/#\/schema\/person\/8187160eba73b996b064cce622bd4541"},"breadcrumb":{"@id":"https:\/\/llyc.global\/en\/ideas\/ecuador-faces-the-challenge-of-its-democratic-opening\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/llyc.global\/en\/ideas\/ecuador-faces-the-challenge-of-its-democratic-opening\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/llyc.global\/en\/ideas\/ecuador-faces-the-challenge-of-its-democratic-opening\/#primaryimage","url":"https:\/\/llyc.global\/wp-content\/uploads\/2023\/10\/Ecuador-frente-al-reto-de-laapertura-democraI\u0081tica-1.png","contentUrl":"https:\/\/llyc.global\/wp-content\/uploads\/2023\/10\/Ecuador-frente-al-reto-de-laapertura-democraI\u0081tica-1.png","width":730,"height":403},{"@type":"BreadcrumbList","@id":"https:\/\/llyc.global\/en\/ideas\/ecuador-faces-the-challenge-of-its-democratic-opening\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/llyc.global\/en\/"},{"@type":"ListItem","position":2,"name":"Ecuador faces the challenge of its democratic opening"}]},{"@type":"WebSite","@id":"https:\/\/llyc.global\/en\/#website","url":"https:\/\/llyc.global\/en\/","name":"LLYC","description":"Consultoria de comunicaci\u00f3n marketing y asuntos p\u00fablicos","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/llyc.global\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/llyc.global\/en\/#\/schema\/person\/8187160eba73b996b064cce622bd4541","name":"maguilar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/llyc.global\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2567cb4cb8cda24204d7f7cde2c10fbd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2567cb4cb8cda24204d7f7cde2c10fbd?s=96&d=mm&r=g","caption":"maguilar"}}]}},"_links":{"self":[{"href":"https:\/\/llyc.global\/en\/wp-json\/wp\/v2\/posts\/57278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/llyc.global\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/llyc.global\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/llyc.global\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/llyc.global\/en\/wp-json\/wp\/v2\/comments?post=57278"}],"version-history":[{"count":0,"href":"https:\/\/llyc.global\/en\/wp-json\/wp\/v2\/posts\/57278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/llyc.global\/en\/wp-json\/wp\/v2\/media\/57280"}],"wp:attachment":[{"href":"https:\/\/llyc.global\/en\/wp-json\/wp\/v2\/media?parent=57278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/llyc.global\/en\/wp-json\/wp\/v2\/categories?post=57278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}