President Correa has put humans above capital to create a nation worthy of its nickname the jaguar of Latin America.
from The Guardian
"The jaguar is the tiger of the South American continent. Living in the Amazon rainforest, it symbolises agility, cunning and surprise. Ecuador is now being described as Latin America's jaguar. That's because not only have we broken with the orthodoxies of the Washington consensus but we are developing innovative economic alternatives of our own, born in the southern hemisphere.
"Ecuador's transformation began in 2007, after the electoral victory of President Rafael Correa's so-called citizen's revolution. After six years in office, the revolution won a new democratic majority in February, with 57percent of the vote in the presidential election and two-thirds of the seats in the parliament.
"By rejecting the neoliberal recipes of privatisation, structural adjustment and curtailed demand, we have grown by 4.3percent over the last five years despite the global slowdown. Central to this growth, and to the reduction of unemployment to the lowest rate in the region, has been public investment, which at 14percent in 2011 is the highest in Latin America. …"
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