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Investment & Legal Framework
The government have made a strong push to in-
crease the number of quality, fairly paid jobs to ac-
commodate Ecuador’s young and skilled workforce.
Public investment in science and technology is in-
tended to foster innovation and create a research
support network as a permanent infrastructure for
new business and entrepreneurial activity
Ecuador: ready and waiting for more business op-
portunities
Three years ago, Ecuador made some key deci-
sions about its future. An unprecedented national
commitment was made to build an economy based
on strong partnerships between their government
and both national and international private investors.
Drawing upon the experience of other high-growth,
high performing nations around the world, Ecuador
has entered an era of productive transformation.
Working hand in hand with private sector leaders,
government officials at every level in Ecuador are
committed to shaping policies and targeting public
investment to reach its productive transformation
goals: higher productivity, economic development
for all and new standards of efficiency.
2006: Rafael Correa is elected president and sparks
a new era of unity and stability.
2007-2008: The Administration’s absolute majority
in the national assembly makes it possible to enact
broad institutional change.
2008: Ecuadorians show overwhelmingly support for
the new Constitution:
• A new vision for the nation
• Government reforms
• Long-term planning and stable leadership
• Transformed economic policies
• New models for natural resources management
What is being transformed and why?
Ecuador looks into the future with eyes wide open
“We are building an economic system centered on
the idea of a good life for all who participate. We
seek a balance that acknowledges our economic
diversity, public desire for the advancement and ef-
fective transformation of the State”
”We propose a move away from a primary export
and extractive economic model to one that empha-
sizes diverse and eco-efficient productions of goods
and services based on knowledge and our unique
biodiversity”
National Plan for Good Living, 2009-2013
A 5 step strategy
1. Transform our pattern of specialization
• Enhance production of goods and services of high
added value, rich in innovation and knowledge.
• Promote products with dynamic comparative ad-
vantages that generate employment and protect the
environment.
• Make rational and efficient use of natural resources.
2. Improve productivity, quality and production safety
• Focus on access to technology, innovation, training
and technical assistance.
• Increase productivity and quality in the agricultural
sector.
• Ensure food independence for Ecuadorians and
access to healthy, high quality food.
3. Contribute to structural change that reduces pro-
ductivity gaps among the various sectors
• Complete development policy for micro, small and
medium enterprises through instruments such as
access to seed capital for entrepreneurship, venture
capital, technical, technology transfer and strength-
ening export supply and promotion.
• Bring more workers into the formal economy with
fair wages.
• Promote energy efficiency.
4. Democratize and create opportunities for employ-
ee investment and wealth creation.
• Enable Ecuadorian workers- especially traditionally
excluded groups- to share in the risks and rewards of
ownership in all aspects of production, relying upon
new enterprises that offer specific economic inclu-
sion programs.
5. Support Systemic Competitiveness for greater
production.
• Maximize public investment in production infra-
structure.
• Reduce transaction costs for business by cutting
government paper work and promoting an open
culture of quality public services and online govern-
ments.
• Coordinate job opportunities with the education and
health systems to create a work force that is well ed-
ucated, trained and readily available.