by Summary:
Lasso, a career banker, promised to offset the economic damage done under Moreno by doing a better job in attracting foreign investment and creating jobs in a more open economy, as well as heavily investing in agriculture.Whether he can do this remains to be seen. In 1999, he had a short stint as ‘Super Minister’ of the Economy under the government of Jorge Jamil Mahuad. That time was marked by significant economic turmoil and forced Ecuador to adopt the US dollar as its national currency, gaining stability in exchange for weakening the central bank’s ability to conduct monetary policy....RTBanker candidate scores surprise win in Ecuador presidential election amid massive ballot-spoiling campaignSee alsoWith Lasso’s victory, a new stage of deepening neoliberalism will now begin in
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Lasso, a career banker, promised to offset the economic damage done under Moreno by doing a better job in attracting foreign investment and creating jobs in a more open economy, as well as heavily investing in agriculture.Whether he can do this remains to be seen. In 1999, he had a short stint as ‘Super Minister’ of the Economy under the government of Jorge Jamil Mahuad. That time was marked by significant economic turmoil and forced Ecuador to adopt the US dollar as its national currency, gaining stability in exchange for weakening the central bank’s ability to conduct monetary policy....RTBanker candidate scores surprise win in Ecuador presidential election amid massive ballot-spoiling campaignSee alsoWith Lasso’s victory, a new stage of deepening neoliberalism will now begin in
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Mike Norman considers the following as important:
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Lasso, a career banker, promised to offset the economic damage done under Moreno by doing a better job in attracting foreign investment and creating jobs in a more open economy, as well as heavily investing in agriculture.Whether he can do this remains to be seen. In 1999, he had a short stint as ‘Super Minister’ of the Economy under the government of Jorge Jamil Mahuad. That time was marked by significant economic turmoil and forced Ecuador to adopt the US dollar as its national currency, gaining stability in exchange for weakening the central bank’s ability to conduct monetary policy....
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With Lasso’s victory, a new stage of deepening neoliberalism will now begin in Ecuador, which has already had its foretaste in the project to privatize the Central Bank of Ecuador, which could be carried out before Moreno leaves the presidential palace of Carondelet on May 24. The continental map will continue with the same correlation between progressive forces and right-wing governments, with the consequent limitations for the reconstruction of Latin American integration.
Internationalist 360º
A Stage of Deepening Neoliberalism Begins in EcuadorMarco Teruggi