Going Into Extractivism to Get Out From Extractivism

ECUADOR - Report 25 Sep 2013 by Magdalena Barreiro
Executive SummaryEcuadorians do not understand why President Correa is enduring the evident political cost of pushing for Legislative approval to exploit the ITT camps. The $2.5b per year in revenues for around 20 years, seem insufficient to achieve the economic transformation the government links to them. When asked how this initiative is compatible with the objective of transforming the current Ecuadorian economic matrix into one less dependent on natural resources, the president responded “we need extractivism to get out from extractivism”.There is spread suspicion that these revenues wi...

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