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Guillermo Lasso
Guillermo Alberto Santiago Lasso Mendoza (; born 16 November 1955) is an Ecuadorian businessman, banker, writer and politician who has served as the 47th president of Ecuador since 24 May 2021. He is the country's first centre-right president in nearly two decades, marking a shift in the country's electorate. Lasso served as Superminister of Economy during the Jamil Mahuad presidency briefly in 1999. He previously served as Governor of Guayas from 1998 until 1999. In 2003, he briefly served as the Itinerant Ambassador of Ecuador during the Lucio Gutiérrez administration. Aside from his political career, Lasso is also a banker and previously served as CEO of Banco Guayaquil. During the presidency of Rafael Correa, Lasso became a noted critic of his administration. Lasso became involved in presidential politics when he founded the Creating Opportunities Party in 2012. He first ran for president in 2013; Lasso came in a distant second place behind President Correa, who won by ...
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President Of Ecuador
The president of Ecuador ( es, Presidente del Ecuador), officially called the Constitutional President of the Republic of Ecuador ( es, Presidente Constitucional de la República del Ecuador), serves as both the head of state and head of government of Ecuador. It is the highest political office in the country as the head of the executive branch of government. Per the current constitution, the President can serve two four-year terms. Prior to that, the president could only serve one four-year term. The current President of Ecuador is Guillermo Lasso, who succeeded Lenín Moreno on 24 May 2021. He was elected in 2021. History The presidency of Ecuador has been marked by periods of instability, causing the office to change presidents frequently throughout the history of the country. At least five times, the duties of the president have been charged to a provisional government or a military junta. Often, the office has been left to an interim or acting president, many of whom wou ...
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Conservative Wave
The conservative wave ( pt, onda conservadora; es, ola conservadora), or blue tide ( pt, maré azul; es, marea azul), was a right-wing political phenomenon that occurred in the mid-2010s to the early 2020s in Latin America as a direct reaction to the pink tide. After a decade of left-wing governments, they suffered their first major electoral losses. In Argentina, Mauricio Macri (liberal-conservative, center-right) succeeded Cristina Fernández de Kirchner ( Peronist) in 2015. In Brazil, the controversial impeachment of Dilma Rousseff, a socialist, resulted in her departure and the rise of Vice President Michel Temer to power in 2016, and later in 2018 to that of far-right congressman Jair Bolsonaro, who became the 38th President of Brazil. In Peru, the conservative economist Pedro Pablo Kuczynski succeeded Ollanta Humala, a socialist and left-wing nationalist who is considered to have shifted towards neoliberal policies and the political centre during his presidency. In ...
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2022 Ecuadorian Protests
A series of protests against the economic policies of Ecuadorian president Guillermo Lasso, triggered by increasing fuel and food prices, began on 13 June 2022. Initiated by and primarily attended by Indigenous activists, in particular the Confederation of Indigenous Nationalities of Ecuador (CONAIE), the protests have since been joined by students and workers who have also been affected by the price increases. Lasso has condemned the protests and labelled them as an attempted "coup d'état" against his government. As a result of the protests, Lasso has declared a state of emergency. As the protests have blocked exits, entries and ports in Quito and Guayaquil, there have been food and fuel shortages across the country as a result. Lasso has been criticized for allowing violent and deadly responses towards protestors. The President narrowly escaped impeachment in a vote in National Assembly on 29 June: 81 MPs voted in favour of impeachment, 42 voted against and 14 abstained; 92 vo ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ...
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COVID-19
Coronavirus disease 2019 (COVID-19) is a contagious disease caused by a virus, the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first known case was COVID-19 pandemic in Hubei, identified in Wuhan, China, in December 2019. The disease quickly spread worldwide, resulting in the COVID-19 pandemic. The symptoms of COVID‑19 are variable but often include fever, cough, headache, fatigue, breathing difficulties, Anosmia, loss of smell, and Ageusia, loss of taste. Symptoms may begin one to fourteen days incubation period, after exposure to the virus. At least a third of people who are infected Asymptomatic, do not develop noticeable symptoms. Of those who develop symptoms noticeable enough to be classified as patients, most (81%) develop mild to moderate symptoms (up to mild pneumonia), while 14% develop severe symptoms (dyspnea, Hypoxia (medical), hypoxia, or more than 50% lung involvement on imaging), and 5% develop critical symptoms (respiratory failure ...
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Free-market
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a coordinated market in fields of study such as political economy, new institutional economics, economic sociology and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to the simple forces of supply and demand which create space for those fo ...
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Tax Cut
A tax cut represents a decrease in the amount of money taken from taxpayers to go towards government revenue. Tax cuts decrease the revenue of the government and increase the disposable income of taxpayers. Tax cuts usually refer to reductions in the percentage of tax paid on income, goods and services. As they leave consumers with more disposable income, tax cuts are an example of an expansionary fiscal policy. Tax cuts also include reduction in tax in other ways, such as tax credit, deductions and loopholes. How a tax cut affects the economy depends on which tax is cut. Policies that increase disposable income for lower- and middle-income households are more likely to increase overall consumption and "hence stimulate the economy". Tax cuts in isolation boost the economy because they increase government borrowing. However, they are often accompanied by spending cuts or changes in monetary policy that can offset their stimulative effects. Types Tax cuts are typically cuts in th ...
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Classical Liberal
Classical liberalism is a political tradition and a branch of liberalism that advocates free market and laissez-faire economics; civil liberties under the rule of law with especial emphasis on individual autonomy, limited government, economic freedom, political freedom and freedom of speech. It gained full flowering in the early 18th century, building on ideas stemming at least as far back as the 13th century within the Iberian, Anglo-Saxon, and central European contexts and was foundational to the American Revolution and "American Project" more broadly. Notable liberal individuals whose ideas contributed to classical liberalism include John Locke,Steven M. Dworetz (1994). ''The Unvarnished Doctrine: Locke, Liberalism, and the American Revolution''. Jean-Baptiste Say, Thomas Malthus, and David Ricardo. It drew on classical economics, especially the economic ideas as espoused by Adam Smith in Book One of ''The Wealth of Nations'' and on a belief in natural law, progress, and u ...
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Liberalism
Liberalism is a political and moral philosophy based on the rights of the individual, liberty, consent of the governed, political equality and equality before the law."political rationalism, hostility to autocracy, cultural distaste for conservatism and for tradition in general, tolerance, and ... individualism". John Dunn. ''Western Political Theory in the Face of the Future'' (1993). Cambridge University Press. . Liberals espouse various views depending on their understanding of these principles. However, they generally support private property, market economies, individual rights (including civil rights and human rights), liberal democracy, secularism, rule of law, economic and political freedom, freedom of speech, freedom of the press, freedom of assembly, and freedom of religion. Liberalism is frequently cited as the dominant ideology of modern times.Wolfe, p. 23.Adams, p. 11. Liberalism became a distinct movement in the Age of Enlightenment, gaining popularity ...
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2021 Ecuadorian General Election
General elections were held in Ecuador on 7 February 2021, established by the National Electoral Council (CNE) as the date for the first round of the presidential election and a vote on mining in Cuenca. Incumbent president Lenín Moreno, who had held the office since his victory over Guillermo Lasso in 2017, did not seek reelection. Although delaying the election due to the COVID-19 pandemic was discussed, the CNE announced on 15 December 2020 that the electoral calendar would not shift and confirmed elections would take place in February 2021. In first round results, Andrés Arauz had a significant but not large enough lead to avoid a runoff with Lasso, who had narrowly beaten third-place finisher Yaku Pérez. Final results were delayed due to a requested recount of votes in some provinces. On 19 February, the CNE confirmed Lasso would be Arauz's rival in the second round. On 11 April, Lasso defeated Arauz, which some news outlets called an upset victory. Lasso was inaugurat ...
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Lenin Moreno
Vladimir Ilyich Ulyanov. ( 1870 – 21 January 1924), better known as Vladimir Lenin,. was a Russian revolutionary, politician, and political theorist. He served as the first and founding head of government of Soviet Russia from 1917 to 1924 and of the Soviet Union from 1922 to 1924. Under his administration, Russia, and later the Soviet Union, became a one-party socialist state governed by the Communist Party. Ideologically a Marxist, his developments to the ideology are called Leninism. Born to an upper-middle-class family in Simbirsk, Lenin embraced revolutionary socialist politics following his brother's 1887 execution. Expelled from Kazan Imperial University for participating in protests against the Russian Empire's Tsarist government, he devoted the following years to a law degree. He moved to Saint Petersburg in 1893 and became a senior Marxist activist. In 1897, he was arrested for sedition and exiled to Shushenskoye in Siberia for three years, where he marri ...
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Vice President Of Ecuador
The vice president of Ecuador is the second highest political position in Ecuador. In many instances, the vice president succeeded the president in turbulent political situations. The last time was in 2005 after the resignation of president Lucio Gutiérrez. According to the current constitution, the vice president is elected on the same ticket as the president. Salary of the vice president is 4,869 USD per month. The current Vice President is Alfredo Borrero since May 24, 2021. He was elected in 2021. Below is the history of the office holders. List Living former vice presidents References External links *List of current Vice Presidents {{DEFAULTSORT:Vice President Of Ecuador Government of Ecuador Ecuador Ecuador ( ; ; Quechua: ''Ikwayur''; Shuar: ''Ecuador'' or ''Ekuatur''), officially the Republic of Ecuador ( es, República del Ecuador, which literally translates as "Republic of the Equator"; Quechua: ''Ikwadur Ripuwlika''; Shuar: ''Eku ... 1830 es ...
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