Guardian: Ecuador – A banana republic no longer

Guardian, Comment is Free, 19 January 2012
Jayati Ghosh

A decade ago, Ecuador was a banana republic, an economic basket case. Today, it has much to teach the rest of the world. Ecuador must be one of the most exciting places on Earth right now, in terms of working towards a new development paradigm. It shows how much can be achieved with political will, even in uncertain economic times.

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