HOT TOPICS: Ecuador, Latin American immigration quarry

HOT TOPICS: Ecuador, Latin American immigration quarry

Surprisingly Ecuadorian citizens conform one of the main groups of immigrants in Spain, given the small size of its population and the relative weight of Ecuador between neighboring countries. Ecuador is not a particularly poor country. It is the eighth largest economy in Latin America after Brazil, Mexico, Argentina, Colombia, Venezuela, Peru and Chile in terms of absolute GDP.

05-09-2014Illan Alberto Oviedo *

Much depends on the export of raw materials which determines its economic model and political system that implements it. All this has forced Ecuadorians emigrate in search of better prospects. It's not a particularly populous country, making for a curious, but not versed in the subject of immigration observer, it may shock you how many Ecuadorians we can find outside your country.

Moreover, the political situation in Ecuador, although not unusual in the area, yes it has specific characteristics that affect markedly in their social evolution. Rafael Correa's policies are closer Bolivarian socialism Chilean model or, more open to capital movements and less controller Brazilian economy socialism.

The arrival of Rafael Correa to power in January 2007 was controversial decisions and subsequent increased political and economic uncertainty. One example was the bankruptcy in December 2008. Ecuador's sovereign debt, which had a total nominal value of about 3,200 million, represented 80% of private external debt. This decision did not restore confidence or markets, or the émigrés who chose to stay abroad despite coincide with the onset of the financial crisis. In May 2009, Ecuador bought back 91% of your "default" bonds via an international auction.

The Economist explains

Why America can't fix its immigration problem

Jul 8th 2014, 23:50 BY T.N. | LOS ANGELES

THERE are an estimated 11m-12m immigrants living in the United States illegally, most of them Latino. Many have families, jobs and property, and far deeper roots in America than in their countries of origin. President George W Bush tried to pass a law to regularise their status, but was thwarted in Congress. Barack Obama is faring little better. Last week the president angrily declared that he had given up passing an immigration-reform bill this year, and vowed to do what little the law allows him to alone (as he has with illegal immigrants who came to the United States as children). Why can't America fix this problem?

Several of Mr Obama's legislative priorities, such as climate change and gun control, have been killed by Republican opposition in Congress. For a time it looked like immigration reform might be an exception. After Latino voters spurned Mitt Romney's presidential candidacy in 2012, chastened Republicans realised that alienating a slice

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