Ecuador

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Title: Ecuador

Essay Details:

Subject: Miscellaneous

Author: Natosha S

Date: November 4, 2015

Level: University

Grade: A

Length: 2 / 318

Essay text:

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 make conditions even worse. Although the literacy rate is currently rather high, there are no schools in the rural areas, and school is only required until the age of 14...

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