Oppenheimer argues that Ecuador's dollarized economy will face major economic and political difficulties if the rest of the Andean Region signs on to a free trade deal and they stay behind. I think it's a bit over the top to rest Ecuador's future stability solely on whether they sign a free trade agreement.
The agreement is probably a good idea long term, but signing agreements that the street disagrees with is a quick way to get kicked out of office and generate further instability. Ecuador's government is right to take this cautiously and to allow citizens to be involved in the decision making process rather than ramming the bill through over the objections of a large portion of the population.
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