ASSESSMENTS
Ecuador: Moving Toward Economic Crisis
Dec 29, 2008 | 21:14 GMT
MAURICIO LIMA/AFP/Getty Images
Summary
In the wake of a default on international debt, Ecuador is already borrowing from its own Social Security Institute. At the same time, the country is imposing all oil production cuts related to its membership in the Organization of the Petroleum Exporting Countries on foreign investors — a decision that will alienate foreign direct investment. The two moves together bring Ecuador closer to economic crisis.
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