Explainer – How the Illegal Drug Trade Is Affecting Ecuador’s Economy
Explainer – How the Illegal Drug Trade Is Affecting Ecuador’s Economy Over the last decade, Ecuador has gone from being a quiet neighbor between Colombia and Peru to being described as a key hub of the global cocaine trade. Weak institutions, a dollarized economy, modern ports, and a free-trade link with Europe have made it attractive for foreign cartels and local gangs. (Crisis Group) The economic impact is two-sid…
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