ECUADOR and Latin America, do we know why they have done better during our on going crisis?
The actual performance of the region’s economies is surprisingly strong particularly when compared to past crises. China’s sustained demand for the commodity exports of the region and the timely monetary action of the IMF liquidity provisions, are two external factors that are undoubtedly part of the explanation.
However, internal factors played a major role too including greater macro policy resilience and the financial sector reforms in most countries over the last decade. One over looked factor is the contribution middle class consumption has done to the region; Latin America middle class is not the stereo typical one, they will be closer to poverty class in standard societies, and they also have limit access to aggregate demands that will condition micro economic growth, therefore domestic demands have allow this economies resilient to global crisis.
Future challenges will be: to secure domestic financial development against political pressures for short-term gains, to pressure the local financial sector as a market player while maintaining sound lending practices, and to adopt real government policies to sustained macroeconomic stability.
As for our self, if we are looking for new horizons to develop careers or retire while still contribute to society; this country will be a great opportunity to put in action collaborative strategies for development. A good starting point to contribute to real wealth and welfare should include strong education systems and investments in order to organize economics and promote better incomes distribution. Let´s make a better world for our next generations.
I will like to invite you to watch the following video
Posted on October 10, 2011, in Finding ways to my retirement or living overseas and tagged different perspective in life, Ecuador Economy, Latin America, Latin America Economy, living overseas, political views, retire, retirement option. Bookmark the permalink. Leave a comment.