American Intercontinental University
Unit 4 IP
As an employee of the World Bank, the author of this paper has chosen to write about an economic concern that plagues this small South American country, Ecuador. The author explains in detail a couple of relationships between unemployment and the Ecuadorian economy. After reading this paper you will understand the trends in Ecuador and come to understand the unemployment data sets. The author shares her assertations and has included statistical evidence that supports her findings, retrieved from various Macro economy sources. This paper is interesting and professionally cited.
Ecuador sets on the Pacific Coast between Columbia and Peru with a population of about 13 million, and is the size of Nevada. Ecuador includes the Galapagos Islands totaling 109,483 square miles, there is a volcano named Chimborazo and it is the highest point on the planet from the earth’s center and Cotopaxi.
Ecuador is one of the most “mega diverse” countries in the world. There is an estimate of about 25,000 species, over 400 amphibians and over 1600 birds. An important source of revenue comes from Ecuador’s agriculture which is the foundation of their economic development. Also the agriculture provides insurance for food supply. Between 1950 and 1996 there was a severe deforestation where 58% Ecuador’s vegetation was changed including 95% coastal forests were cleared. In 1998 Global Environment Facility (GEF) got actively involved as well as The World Bank and provided $22 million dollars to preserve the biodiversical life in Ecuador.
You may ask yourself what in the world does this have to do with the unemployment in Ecuador? I say it has everything to do with it. I will explain you see it is the center of the economical woes that plague Ecuador to this day. The economy consists of the...