Ecuador’s President Rafael Correa is contemplating running for an unprecedented fourth term in 2017, writes GIS guest expert and Andes specialist, Dr Catherine Conaghan of Queen's University in Kingston, Ontario, Canada. Discontent is evident in the middle class and business community, exacerbated by Mr Correa’s new property and inheritance tax plans, which sparked street protests around the country. This does not bode well for democracy or the investment climate.

PRESIDENT Rafael Correa declared victory on the economic front in a recent address to Ecuador’s national assembly. As the price for the...

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Dr. Catherine Conaghan
Mr Correa directed the national assembly to adopt sweeping changes which would have subjected inheritances in excess of US$35,000 to tax rates ranging from 45 to 75 per cent
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