History, Government and Economics (Research Paper Sample)

History, Government and Economics
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Introduction
Ecuador overlaps in the part of Mount  HYPERLINK "/place/Andes-Mountains" Andes as well as occupying section of  HYPERLINK "/place/Amazon-Basin" Amazon valley which is located on the HYPERLINK "/place/Equator"Equator, from which this country drove its name., it is surrounded with the following countries; HYPERLINK "/place/Colombia"Colombia to the northern, HYPERLINK "/place/Peru"Peru to the eastern as well as to the southern, to the western there is HYPERLINK "/place/Pacific-Ocean"Pacific Ocean. The Ecuadoran inland is divided into three key physical sections (a) Costa also known as coastal region; (b) Sierra that is, highland region; (d)  HYPERLINK "/place/Oriente-region-Ecuador" Oriente which is the eastern region.
Recent History and Geographic Influence
In the year nineteen forties, there rose a cocoa boom in Ecuador which caused the stability throughout the country. This was followed by growth of banana industry which led to richness as well as peace in the year nineteen seventies. The discovery of oil along the Amazon region led to increase in industrialization in the year nine eighty-one thus improved its interaction with the United State of America dollar. This country has faced several earthquakes in nineties which have brought down their economy and also caused a lot of distress to the citizens.
To add sufferings to the citizens of Ecuador, Peru attacked them in mid-century in the year nineteen forty-one (Chorrera, 2006). They invaded south-east of Ecuador within the head-water of the Amazon. The Peruvian military won that war easily and there was a peace conference in in Rio de Janeiro which gave Peru larger section of Amazon region. This was rejected heavily by the Ecuador government thus affecting the peace making process. During the nineteen seventies, Ecuador also endured a nine-year of invocation of military rule. This suffering ended in the year nineteen seventy-nine when the republic of Ecuador started to function as a democratic state although there was regular grumbles of corruption.
Current Political Status of Ecuador
Within the period of twenty century, the country of Ecuador had lacked its political stability so as to handle the both the pressing social as well as economic challenges. The political profession of alluring politicians of the twentieth duration such as, Velasco María intensely showed this situation. This politician had been elected for about five times as the president of Ecuador between the year nineteen thirty-four to nineteen sixty-eight. During these occasions, he was compulsorily overthrown from presidential seat before completing his five years period only once, that is, between the year nineteen fifty-two and nineteen fifty-six.
Following the election of the year nineteen ninety-six, Bucaram Abdala was elected the president and the congress voted for his removal from the office the following year because of his insanity. Due to the vacancy in the presidential office, Mahaud Jamil, previously the mayor of Quito was elected the president in the year nineteen ninety-eight. In the year two thousand and three, retired Gutierrez Lucio became the president and he was overthrown in two thousand and five. This was done after he unconstitutionally dissolved the Supreme Court as well as appointing new judges. The overthrowing of the government together with wars affected the development of Ecuador both economically and socially (Paxson, 2010).
Current economic system of Ecuador
International countries expected the Ecuador economy to suffer horribly during as well as after the latest global calamity. Ecuador’s major sources of foreign incomes, that is, petroleum exports as well as remittances from overseas, stopped during the global stagnation. Additionally, lack of its own currency as well as the state’s preference for reacting was limited. Nevertheless, rather than a profound, extended downturn, the country lost a GDP of about 1.5% of throughout the seventy five percent of the reduction. Only subsequent to the four additional quarters, a financial system of Ecuador went back to a pre-downturn intensity for productivity, hence, three years once a downturn took place, the economy reached its twenty-year growth tendency.
The government achieved this by being creative by working close to predicaments of bringing about development within a dollarized economy, whereas increasing social expenditure. The poverty rate has reduced from a slump pea...