Ecuador Trade and Investment Competitiveness Report
The internationalization of the Ecuadorian economy is necessary if the country is to successfully adopt a development model led by the private-sector. The Ecuadorian government is seeking to accelerate growth and sustain social progress by giving...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/341731568096652941/Ecuador-Trade-and-Investment-Competitiveness-Report http://hdl.handle.net/10986/32430 |
| Summary: | The internationalization of the
Ecuadorian economy is necessary if the country is to
successfully adopt a development model led by the
private-sector. The Ecuadorian government is seeking to
accelerate growth and sustain social progress by giving
greater prominence to the private sector; it does at a time
when external conditions are less favorable than at any time
in the last decade. This report has three main objectives;
to provide a systematic benchmark of Ecuador’s connection to
the global economy, to identify key bottlenecks, and to make
recommendations for enhancing the competitiveness of the
private sector. The assessment is broken down into two
sections. First, there is a section about international
competitiveness outcomes, which assess Ecuador’s performance
and identifies the challenges associated with connecting to
international markets. The analysis looks at outcomes
throughout the four competitiveness channels; that is,
exports, imports, foreign direct investment (FDI), and
global value chains (GVCs). The report’s second main section
contains a competitiveness diagnostic about the key drivers
behind the previously identified challenges and provides
actionable policy recommendations to overcome them. The
determinants are grouped in four mutually exclusive groups:
(i) the macro and fiscal framework; (ii) the institutional
and regulatory framework governing trade and investment;
(iii) supply-side factors; and (iv) demand-side factors. |
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