Ecuador
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 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......
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Approximate Pages: 2 (250 words per double-spaced page)
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