Wednesday, 26 November 2008

Ecuador facing political instability

After seven years of economic stability, Ecuador is trying to consolidate all political power in the hands of the President. President Rafael Correa is bent to consolidate all political power within his hands. There are deep division between the country's sierra region and the coast. In addition, there is indigenous unrest. This does not look like good news for the economy.

1 comment:

skywalker said...

Ecuador is consolidating power but not intothe hands of one individual - but is consolidating power away from foreign governments and corporations and into the hands of its people.