Ecuador’s Economy: Oil and Agriculture, Overdependence Essay

Prior to the Great Depression, Chile had prospered amidst the workings of free-market and mercantilist polices. The Great Depression, however, disrupted this, as it brought about the necessity of government intervention in the economy. Indeed, government intervention even stretched so far as to transform Chile into a nation insulated by protectionist policies. Furthermore, the Great Depression had undoubtedly brought about a political crisis in Chile with the ousting of Ibáñez del Campo in 1931, who himself had partaken in a military coup d’état to achieve presidency in the first place. It has even been posited that the nationalization of copper that had begun during the presidency of Ibáñez del Campo and which was completed during the presidency of Salvador Allende in the early 1970s built the foundation for a future international economic boycott, which further

Ecuador is a multicultural and multiethnic nation. Ecuador is the fourth smallest country in South America. The country is divided into three main regions. Resulting in Ecuador not have one single culture, it instead has a whole spectrum of cultures that are intertwined to make up a stratified community. Ecuador lies on the equator which is how it received its name (from the Spanish word for equator).

The Latin American countries have been subject to many changes ever since the American continent was discovered. These changes have mainly affected the economy, culture and power changes these countries have suffered throughout the years. According to Jon Charles Chasteen on his book “Born in Blood & Fire” During the twentieth century, there were three main events that changed the course of Latin American countries and their economies. These three events were, the emergence of nationalism, the end of World War II, and the Cuban revolution. However, in my point of view, the event that created more impact in Latin America and the future of these countries has been Cuban Revolution. It is not a secret that the Cuban Revolution created a big impact to the country’s future, unfortunately this revolution not only changed Cuba, but also the entire region of Latin America.

Natural disasters cause a lot of damage to the economies in Latin America when they happen. The damage can last for months, years or even decades. Natural disasters are hard for everyone, but it is even harder for Latin American countries to recover

With the assassination of the Liberal Party presidential candidate Gaitan, who wanted to make Colombia not only safe but to help the poor as well, it started a chain of events. Creating 10 years of war and violence ‘La Violencia’ but forced the government to take action against the protests and the guerilla (Rinehart, 78). Many of the country’s poor turned to violence to make their voices heard to the government that was only thinking of themselves and

Ecuador is a small country on the Pacific coast of South America. It is bisected laterally by the equator, and longitudinally by the Andes. The Andes divide the country’s mainland into three distinct regions, the coast to the west, the mountains, and the rainforest to the east. It is the Andes that this paper is focused on, giving special attention to the mountain Cotopaxi.

The 20,000 bolivar, Venezuela’s currency, is barely worth five dollars. Banks only let citizens take out a couple ten hundred bolivars at one time. This only equates to about two to three dollars and only happen if the banks aren’t bankrupted themselves. (Gillepies and Zamora 1) Maduro continues to jail any politician and citizens who dare to stand up. Only twenty-four percent even agree with Maduro’s tactics. (Smith 3). "Even though it pretends to be a democracy, Venezuela is now a dictatorship," says Ian Vasquez, a Latin America expert at the Cato Institute in Washington, D.C. As citizens flee the country any way they can, Maduro continues to blame the US for their problems like Chavez once did.

el nino is a warm band of water that periodically develops in the Pacific Ocean near the equator off western South America. El Niño—Spanish for “the child” because it often occurs around Christmas—occurs about once every two to seven years. El Niño can affect the weather in large parts of Asia, Africa, Indonesia, and North and South America, causing both floods and droughts. An El Niño event is often followed by a band of colder than normal ocean waters called La Niña, which is Spanish for “the girl.” La Niña produces the opposite weather conditions. Both of these phenomena cause changes in air pressure in the western Pacific. Together these two events are known as ENSO, or El Niño–Southern

The country of Ecuador is the smallest places in South America and it is border by Peru, Colombia, and the Pacific Ocean. Even being a small country they are divide into 4 primary geographic areas or regions-the costa, the sierra, the Orienta, and the Galapagos Islands (Colleen 9). The 1st region is the costa is the plain along the coast and covers ¼ of the area and is west of the Andes with 3 types of ecosystems: the tropical rain forest, the dry deserts, and the tropical savannas (9, 11) The next one is the sierra where the Andes Mountains are home in the central highlands along with other volcanoes (9, 12). Also, the

Climate change is one of the most important challenges of humankind in this century. The ability to adapt, mitigate and reduce carbon emissions will be decisive to preserve the world for future generations. The last IPCC report has provided more evidence regarding the rise in temperature and sea level. Apparently, additional 2°C above the pre-industrial average temperature levels is unavoidable, and it will continue at that level due the accumulation of gases in the atmosphere (Solomon 2009). Climate change will affect people all around the world in different ways, though the capacity to cope with it is different among regions and countries. The Latin America region is notably susceptible to climate change, due its geographical position, population location and its economy relying in natural resources (Vergara et. al. 2013a). The withdrawal of the coral biome, glaciers melting, jungles & forest savannization and strongest climate events are only some of the threats that will affect their inhabitants.

For example, EI Nino threatens Peru's anchovy harvest, which could mean higher prices for food. The warm water of Ei Nino keeps the nutrient-rich cold water which procides anchovies with food down at the bottom of the ocean. Anchovies are the primary source of fish meal which is the main ingredient in animal

A nation’s sovereignty and self sufficiency is all dependent on said nation 's economy, a nation with a doomed economy is bound to fall and fail its people. Such is the case with the South American country Chile, in 1973 under President Allende’s socialist regime. Salvador Allende was the short-lived president of Chile ruling from 1970 to 1973. During Allende’s reign, socialist destruction ensued, with crime breaking out frequently, complete totalitarian rule with all forms of media being regulated and controlled by a marxist government, a grief-stricken economy, as well as the abolition of all free trade, with tariffs up to 100%, extremely crippling the Chilean society and economy. As Chile was in shambles, it was inevitable a revolution

On February 17, 2012, Mr. Thomas and his crew were fishing off-shore in proximity to Ecuador’s coastal waters for tuna until the Ecuadorian Navy arrived, pursued, and opened fire at American fishing boats. What seemed like a peaceful day at work ended up into hostile confrontation between Ecuadorian authorities and the Americans, leading to unnecessary losses and damages. It is important that the court examines this case based on the precedent it might set for future situations. Although team Ecuador may argue that their actions are justifiable, the U.S. believes their actions were illegal on the basis of international law. There are three main issues that we consider Ecuador to be in violation of: 1) the issue of maritime boundaries including

With an economy dominated by the production of oil, Venezuela has enjoyed the highest standard of living in Latin America. In spite of its success in the oil industry, agriculture and manufacturing also play important roles in Venezuela’s economy. With this in mind, it would seem as though Venezuela’s economic state has flourished. Rather, it has suffered from the effects of political influence, corruption, and poor economic management. The distribution of wealth across Venezuela has caused the elite to benefit at the cost of the working people. This is mainly due to the economic and political structure of the country. Even with the plentiful resources Venezuela possesses, it is constantly being threatened by political instability,

Venezuela has the world’s largest oil reserves and by 1960, it became the wealthiest country in Latin America. Petróleos de Venezuela (PDVSA), the state owned company, was the key to economic and social development in Venezuela under president Hugo Chavez. His government was settled in an environment where the oil prices were rising and the economy was booming, so he was able fund social programs and practices that were popular to the poor masses. This wealthy and growing Venezuela made Chavez to be very popular and his regime very powerful. Oil revenue accounted for nearly 90% of exports, more than 50% of government revenue, and 35% of country’s GDP.