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
First working day of the month of October and by reading most of my friends and colleagues e-mails, I am realizing that weather change is approaching. It is getting cooler up north, and we are getting warmer here in our tropical Coastal Ecuador.
I use to enjoy and welcome fall and winter, it meant slowing down, looking intro perspective, and start building and planning my next steps in life. But also, this reminds me one of the main reasons to be living in Ecuador with this nice hot warm weather.
Around the year 2000, when I was developing my professional path in USA and Latin America, some health issues interrupted all my wonderful working and travelling plans.
Within all the travelling options, one was to visit family in Ecuador. Once on my trip, I ended up checking the local health and medical resources because of a severe pain crisis (spinal discs problems). I was basically pain managing for a couple of years but came to that point that I needed surgery.
Let´s make this story short, it was my second back surgery, I had already one done in Canada with success. So without even thinking or making my health a priority in my future plans, I review all the options and opted for the best ones at that specific moment:
1.- My medical expenses were covered here in Ecuador by my insurance policy
2.- I could opt for top level doctors and hospital beds, since the rates were lower here in Ecuador.
3.- All international insurance companies have local referrals that are practitioners who have done their studies in USA or Europe, even award winners professionals.
4.- Since I was covering expenses directly, I did not have to wait on line for tests or MRIs.
5.- I could set up myself in a nice upper scale condo with house help for less than 1.000 US. (I need 3 months at least to be able to drive again)
I had the surgery by a recognized worldwide surgeon, a nice recovering period, fresh home made food and care, and I was keeping up with my pending working projects and connected to the world by the internet.
Maybe this is not an option for everybody, still you could always research medical options overseas. There are online medical referrals to consult your options even here in Ecuador.
I will leave you with some nice pictures of some of my personal adventures here in Ecuador. I was asked by one of my readers if the posted pictures are original, I would say mostly they are. At times, some pictures are from other sources which may narrow the certainty of their originality.
P.S. Due to my health issues cold weather doesn´t agree with me, and in Ecuador, I am able to afford on going therapy and massages plus attend exercise classes like yoga and Pilates to manage my health as I am aging.
I am so excited, this is the next place I will visit, I found this place by luck here in Ecuador while browsing my facebook page, here I will share some resourceful information. You could check the link to see their web page in english.
I will post later on how was my triop and the place, also if it is a great experience as they say..
NOTE: Free information to those who want to research about Ecuador
Finca Rio Monte – an ecological adventure..
Visit with Lodging – Riomonte Country House, offers tourists an incredible deal by providing comfortable cabins at a rate of USD 16.00 a night, per person, including breakfast. Children from ages 6 years and under only pay for their consumption. In the large and small parlor lodging is USD 13.00 which includes breakfast, camping area camping USD 7,00.
Visit without Lodging – At Riomonte Country House we also take into consideration tourists that wish to visit us without lodging, those that do not stay overnight, but want to enjoy lunch or dinner paying only for their consumption and other paid activities.
Guided Excursions – The Riomonte Country House also offers guided excursions to the slopes, waterfalls and rivers, and to the humid virgin forest, already included in the price of lodging. Tourists who do not stay overnight will be charged for their consumption and activities.
• Welcome cocktail
• Lodging in cabins
• High and low viewpoints
• Board games
• Big screen movies
• Soccer field and volleyball court
• Guided tours
• Transportation Quito
• Country House – Quito
• Sports trout fishing
• Horseback riding
• Bicycle riding
** Special pricing for groups**
It is Friday, weekend starts here in Guayaquil, Ecuador.. Mine was a bit on the harsh side.. Got a virus about 2 days ago, something you get any where in the world..I would say, I rarely get one here, of course I do take in account all the precautions needed in this place.
5 am, I was awake and couldn’t stop feeling nauseous, the Doctor had told to get an injection last nite to overcome the sickening sensation, but stubborn me, of course thought that a hot tea and rest will do, plus the pills.. Well, I had to go a that time in search of person who could inject me, call up a very good friend of mine, it was still dark, but anyway we both went out on a hunt. I live in a residential are on a hill, now, one thing to take in account was my low budget. Of course working in Ecuador you do not make high paying ranks.
As I was coming out of my condo, I was thinking on the hall ordeal that we might have to go through to get a simple injection.. Also the $$$ question was always there.
Things went on so smoothly, we found a small clinic close to the main boulevard of Urdesa, a nice nurse attended to me, and all of that was only $2 US. I was surprise, at least I thought it will be ten dollars for just any small medical service. Well here you have the real thing about how cheap and good medical care you can get in this country.
As any where else in the world, you have to use your good judgment and study the options well, that said, I would apply the same concept in Canada or any other place with global health care services.
Hope this experience can help you in finding out how realistic and simple life can be in a country like Ecuador.
So, since it is the weekend, people will start planning and searching for some sort of relaxation activity between friends.
That´s the warm feeling you get from locals in here, my best option maybe to go for a nice ceviche and fresh fish in Playas on Sunday. I will get some nice pictures in case I go.
Thanks to all the people who are taking the time to read my blog. I see visitors coming in, it does cheer me up!!!