Poor growth and economic instability have crippled Ecuador's capacity to reduce poverty. This report argues that economic growth depends closely on productivity growth, which in turn depends on the quality of inputs (labor and capital), institutions and policies. This connection between productivity and economic growth has become even more relevant in recent years, after Ecuador decided to adopt the US dollar as the national currency, hence forgoing the option of using exchange rate policy to generate temporary increases in competitiveness and growth. Although the decision to dollarize undoubtedly improved the investment climate, reassured potential investors and potentially increased the capacity of the economy to create employment and reduce poverty, sustained increases in productivity will be required to maintain positive growth rates and declining poverty rates in the future.
Affichage des articles dont le libellé est Poverty. Afficher tous les articles
Affichage des articles dont le libellé est Poverty. Afficher tous les articles
lundi 14 septembre 2009
samedi 14 février 2009
CHILDREN-ECUADOR: CHILD PROSTITUTION IS GROWTH INDUSTRY
QUITO, Poverty, homelessness, family violence, and, most importantly, an emerging market, are fueling the growth of child prostitution in Ecuador, according sociologists here.Some 6,000 boys and girls between 10 and 15 years old, are now engaged in prostitution in "date houses," bars, massage parlors, and discos in Quito and Guayaquil, they said. "This is not a problem concerning a certain sector of the
population, nor a gender problem...rather, it is a growing phenomenon, like poverty, and it is sustained by a large market which demands child sex.
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