Ecuador’s poor investment climate
James M. Roberts writes about how the Chevron Trial Illustrates Poor Investment Climate of Ecuador:
Ecuador has one of the lowest rankings in the 2013 Index of Economic Freedom, published jointly by The Heritage Foundation and The Wall Street Journal; the country’s score has dropped steadily over the past two decades. Why? Independent measurements of its poor investment climate and weak rule of law explain in large part Ecuador’s downgrade to “repressed” status. As the Index notes, the judicial system remains vulnerable to political interference, with corruption further exacerbating institutional shortcomings.
Related: Blame Canada! Ecuadorians Win Right to Pursue Chevron North of the Border