The role of migrants in the dollarization of the ecuadorian economy. An analysis of your contribution

Abstract:

This paper aims to describe how Ecuadorian migrants contributed to sustain the dollarization of the Ecuadorian economy. For this purpose, it will be detailed about the financial, economic and political crisis that Ecuador endured atthe end of the nineties, causing more than two million Ecuadorians to take the decision to migrate to countries with a higher level of development such as Spain, preferably, as well as the United States and Italy, always in search of a job and a better standard of living for their families. It will be explained about the causes why, in the year 2000, the Ecuadorian government decided to change the monetary system and dollarize the national economy, having to previously devalue the sucre, with the consequences that the population had to face. Likewise, it will be evident about the money transfers received in Ecuador for remittances sent by Ecuadorian migrants during the period 2000 -2015, and a comparison of these values will be established with the balance of the Ecuadorian trade balance, which will warn the significant contribution of the Ecuadorian migrant community in the safeguarding and strengthening of the current monetary system, the dollarization that is preparing to reach two decades among compatriots to qualify its teachers, to empower and enrich the learning process in students with visual limitations.

Año de publicación:

2019

Keywords:

• crisis; economy; dollarization; migrants; remittances; Ecuador
• crisis; economía; dolarización; migrantes; remesas; Ecuador

Fuente:

rraae