“Since coming to power in 2007, Correa has voluntarily defaulted on the country’s debt, rewritten terms for natural resource companies and steadily pushed up taxes for imported goods. Unsurprisingly, most multinationals have taken the hint and left the country. Foreign direct investment now stands at less than 1% of GDP – the lowest in the region apart from Venezuela. But today, I want to tell you why I reckon that could be about to change and throw up some exciting – though risky – investment opportunities in the region. In the last few years, Ecuador has been one of the fastest-growing economies in the region, with GDP averaging 6.7% since the start of 2011. ”
http://moneyweek.com/new-world-why-you-should-be-getting-excited-about-ecuador-62904/
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