Ecuador Ecuador is the small country in Latin America. The conditions in Ecuador are not anywhere near what we expect and get everyday. There are numerous active volcanoes and many earthquakes that cause much damage. The economic situation is not good and health problems are many. The per capita income for the year is only about $ 1,070. This is caused in part by the government which tried to stimulate growth by imposing strict budgets, devaluing the currency, and increasing taxation of the people. The currency of Ecuador, the sucre, is not very valuable. It takes 2,146 of them to equal one US dollar. The inflation rate is an alarming 49%, and the economic growth is an even more astonishing number, 2.5%. Oil, Ecuador's main export, is expected to be depleted by the early part of the 21st century. This will m....

Number Of Pages: 2

Number Of Words: 326

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