Rafael Correa’s sweeping election victory signals an expansion of state-centric capitalism for Ecuador. It also brings a risk that he will clamp down further on the media, bankers and the courts. But to sustain his power, he needs to attract foreign investors, explains GIS guest author and Andes specialist, Dr Catherine Conaghan.

RAFAEL Correa sailed to another victory in Ecuador’s national elections on February 17, 2013, winning 57 per cent of the vote in the first round and avoiding a run-off poll. His popularity helped secure what will probably be a super-majority for his Alianza Pais (AP) movement in the national assembly.


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Dr. Catherine Conaghan
In a post-election interview, the president insisted that investors can expect ‘clear rules’ in the years ahead, but then warned that he is prepared to nationalise firms when it is in the public interest
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