Ecuador's Dilemma

Ecuador's Dilemma <p>ABSTRACT:</p><p>The Ecuadorian government of Rafael Correa (2007–2017) stirred hopeful expectations in the continental and global lefts. Although the young economist did not have a record of participation in social movements and had not played any direct role in resistance to neoliberalism, he had been part of a group of heterodox economists known as the Foro Ecuador Alternativo (Ecuador Alternative Forum), some of whom were critics of structural adjustment. His brief tenure as minister of finance in 2005 showed the potential for a different kind of economic management, embracing a neo-Keynesianism at odds with the policies of the International Monetary Fund. Suffused with radical rhetoric, his government, under the banner of "Alianza PAIS," undertook various measures in line with those ideas in its first years that encouraged those high expectations: the approval of a constitution that considerably widened the range of rights and laid out ample democratic guarantees, an audit of the external public debt, a reaffirmation of new labor rights (in outsourced businesses and for domestic workers), an effort to strengthen publicly owned business in the provision of social services and in strategic areas of the economy, an expansion of social spending, and an increase in taxes on the highest incomes. Correa&apos;s government presented itself as one of the most consistent participants in the Latin American "Pink Tide" and even encouraged people, like me, who did not expect large structural transformations in property relations or in the country&apos;s place in the global economic order.</p> http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Dissent University of Pennsylvania Press

Ecuador&apos;s Dilemma

Dissent, Volume 66 (1) – Jan 10, 2019

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Publisher
University of Pennsylvania Press
ISSN
1946-0910

Abstract

<p>ABSTRACT:</p><p>The Ecuadorian government of Rafael Correa (2007–2017) stirred hopeful expectations in the continental and global lefts. Although the young economist did not have a record of participation in social movements and had not played any direct role in resistance to neoliberalism, he had been part of a group of heterodox economists known as the Foro Ecuador Alternativo (Ecuador Alternative Forum), some of whom were critics of structural adjustment. His brief tenure as minister of finance in 2005 showed the potential for a different kind of economic management, embracing a neo-Keynesianism at odds with the policies of the International Monetary Fund. Suffused with radical rhetoric, his government, under the banner of "Alianza PAIS," undertook various measures in line with those ideas in its first years that encouraged those high expectations: the approval of a constitution that considerably widened the range of rights and laid out ample democratic guarantees, an audit of the external public debt, a reaffirmation of new labor rights (in outsourced businesses and for domestic workers), an effort to strengthen publicly owned business in the provision of social services and in strategic areas of the economy, an expansion of social spending, and an increase in taxes on the highest incomes. Correa&apos;s government presented itself as one of the most consistent participants in the Latin American "Pink Tide" and even encouraged people, like me, who did not expect large structural transformations in property relations or in the country&apos;s place in the global economic order.</p>

Journal

DissentUniversity of Pennsylvania Press

Published: Jan 10, 2019

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