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Innovation for productivity growth in Ecuador : unlocking constraints through horizontal and cluster development policies (Vol. 2 of 3) : Innovación para el crecimiento de la productividad en Ecuador: eliminando restricciones mediante políticas de desarrollo horizontales y de clúster (西班牙语)

Over the last decade, Ecuador experienced inclusive growth fueled by a favorable external environment that financed a vast expansion of the public sector. The country is now facing severe external and fiscal challenges due to the significant extended fall in oil prices and the appreciation of the U.S. dollar. Since mid-2014, Ecuador has lost almost half of its merchandise export income due to the decline in oil prices. Oil revenues averaged 13.2 percent...
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