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Jamil Mahuad
Jorge Jamil Mahuad Witt (born 29 July 1949) is an Ecuadorian lawyer, academic and former politician who served the 41st president of Ecuador from 1998 until he was deposed in a coup in 2000. He previously served as the 17th mayor of Quito from 1992 to 1998. Born in Loja of German and Lebanese descent, Mahuad grew up studying law. He studied in the Pontificia Universidad Católica del Ecuador and earned a law degree from Harvard University. In 1988, Mahuad entered politics and ran unsuccessfully for the presidency in the elections held that year. He then became the Metropolitan Mayor of Quito in 1992. In 1998, Mahuad ran again for the presidency in the elections and narrowly won against Álvaro Noboa, the richest man in the country at the time. However, Noboa refused to concede and demanded a recount, which was denied by the authorities responsible. Mahuad signed a historic agreement with Peru during his presidency, which solved long-standing border disputed between the ...
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Fabián Alarcón
Fabián Ernesto Alarcón Rivera (born 14 April 1947) is an Ecuadorian former politician who served as the 40th president of Ecuador from 1997 to 1998. He previously served as the president of the National Congress from 1991 to 1992 and again from 1995 to 1997. When President Abdalá Bucaram was impeached on 6 February 1997, Alarcón, as president of the National Congress, became acting president. However, three days later on 9 February, Bucaram's vice president, Rosalía Arteaga, became president, causing a political crisis on who should succeed Bucaram. However, Alarcón became president again with support of Congress and the military, with Arteaga retaking her previous role as vice president. In 1998, Alarcón called for general elections to be held where he did not participate. He was succeeded by Jamil Mahuad. Alarcón was arrested on corruption charges in 1999, but was later released. Until Rafael Correa in 2013, no other Ecuadorian presidents would serve a full term ...
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1998–1999 Ecuador Economic Crisis
The 1998–99 Ecuador economic crisis was a period of economic instability that resulted from a combined inflationary-currency crisis, financial crisis, fiscal crisis, and sovereign debt crisis. Severe inflation and devaluation of the sucre led to President Jamil Mahuad announcing on January 9, 2000 that the U.S. dollar would be adopted as the national currency. Poor economic conditions and subsequent protests against the government resulted in the 2000 Ecuadorian ''coup d’état'' in which Jamil Mahuad was forced to resign and was replaced by his Vice President, Gustavo Noboa. Background Throughout the 20th century, Ecuador was one of the poorer countries in Latin America, and had high rates of poverty and income inequality compared to other countries in the region. By the late 1990s around 45% of the population lived below the national poverty line, making them especially vulnerable. The discovery of oil in the 1960s led to rapid economic growth, but created an economy that w ...
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Economy Of Ecuador
The economy of Ecuador is the eighth largest in Latin America and the 69th largest in the world by total GDP. Ecuador's economy is based on the export of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from Ecuadorian emigrants employed abroad. In 2017, remittances constituted 2.7% of Ecuador's GDP. The total trade amounted to 42% of the Ecuador's GDP in 2017. The country is substantially dependent on its petroleum resources. In 2017, oil accounted for about one-third of public-sector revenue and 32% of export earnings. When Ecuador was part of OPEC, it was one of the smallest members and produced about 531,300 barrels per day of petroleum in 2017. It is the world's largest exporter of bananas ($3.38 billion in 2017) and a major exporter of shrimp ($3.06 billion in 2017). Exports of non-traditional products such as cut flowers ($846 million in 2017) and canned fish ($1.18 billion in 2017) have grown in recent years. In the past, Ecuador's ...
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Dollarization
Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe. Some small economies, for whom it is impractical to maintain an independent currency, use the currencies of their larger neighbours; for example, Liechtenstein uses the Swiss franc. Partial currency substitution occurs when residents of a country choose to hold a significant share of their financial assets denominated in a foreign currency. It can also occur as a gradual conversion to full currency substitution; for example, Argentina and Peru were both in the process of converting to the U.S. dollar during the 1990s. Name "Dollarization", when referring to currency substitution, does not necessarily involve use of the United States dollar. The major currencies used as substitutes are the US dollar and the euro. Or ...
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Quito
Quito (; ), officially San Francisco de Quito, is the capital city, capital and second-largest city of Ecuador, with an estimated population of 2.8 million in its metropolitan area. It is also the capital of the province of Pichincha Province, Pichincha. Quito is in a valley on the eastern slopes of Pichincha (volcano), Pichincha, an active stratovolcano in the Andes. Quito's elevation of makes it either the List of capital cities by altitude, highest or the second highest national capital city in the world. This varied standing is because Bolivia is a List of countries with multiple capitals, country with multiple capitals; if La Paz is considered the Bolivian national capital, it tops the list of highest capitals, but if Sucre is specified as the capital, then it is the second highest, behind Quito. ...
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Fulbright Program
The Fulbright Program, including the Fulbright–Hays Program, is one of several United States cultural exchange programs with the goal of improving intercultural relations, cultural diplomacy, and intercultural competence between the people of the United States and other countries through the mutual exchange of persons, knowledge, and skills. The program was founded by United States Senator J. William Fulbright in 1946, and has been considered as one of the most prestigious scholarships in the United States. Via the program, competitively selected American citizens including students, scholars, teachers, professionals, scientists, and artists may receive scholarships or grants to study, conduct research, teach, or exercise their talents abroad; and citizens of other countries may qualify to do the same in the United States. The program provides approximately 8,000 grants annually, comprising roughly 1,600 grants to U.S. students, 1,200 to U.S. scholars, 4,000 to foreign s ...
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US State Department
The United States Department of State (DOS), or simply the State Department, is an executive department of the U.S. federal government responsible for the country's foreign policy and relations. Equivalent to the ministry of foreign affairs of other nations, its primary duties are advising the U.S. president on international relations, administering diplomatic missions, negotiating international treaties and agreements, protecting citizens abroad and representing the U.S. at the United Nations. The department is headquartered in the Harry S Truman Building, a few blocks from the White House, in the Foggy Bottom neighborhood of Washington, D.C.; "Foggy Bottom" is thus sometimes used as a metonym. Established in 1789 as the first administrative arm of the U.S. executive branch, the State Department is considered among the most powerful and prestigious executive agencies. It is headed by the U.S. secretary of state, who reports directly to the U.S. president and is a member o ...
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Master Of Public Administration
A Master of Public Administration (MPA) is a specialized professional graduate degree in public administration that prepares students for leadership roles, similar or equivalent to a Master of Business Administration but with an emphasis on the issues of public services. This program covers principles of public administration, policy development, and management. Graduates can work in government, nonprofits, and private companies. The specifics of the program can vary by university or country. It typically requires two years for completion. Overview The MPA program is a higher professional degree and a postgraduate degree for the public sector and it prepares individuals to serve as managers, executives and policy analysts in the executive arm of local, state/provincial, and federal/national government, and increasingly in non-governmental organization (NGO) and nonprofit sectors; it places a focus on the practices of executive organization and management. Instruction includes ...
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John F
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died ), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (died ), one of the twelve apostles of Jesus Christ * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope Jo ...
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Germans
Germans (, ) are the natives or inhabitants of Germany, or sometimes more broadly any people who are of German descent or native speakers of the German language. The Basic Law for the Federal Republic of Germany, constitution of Germany, implemented in 1949 following the end of World War II, defines a German as a German nationality law, German citizen. During the 19th and much of the 20th century, discussions on German identity were dominated by concepts of a common language, culture, descent, and history.. "German identity developed through a long historical process that led, in the late 19th and early 20th centuries, to the definition of the German nation as both a community of descent (Volksgemeinschaft) and shared culture and experience. Today, the German language is the primary though not exclusive criterion of German identity." Today, the German language is widely seen as the primary, though not exclusive, criterion of German identity. Estimates on the total number of Germ ...
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Lucio Gutiérrez
Lucio Edwin Gutiérrez Borbúa (born 23 March 1957) is an Ecuadorian politician and former military officer who served as the 43rd president of Ecuador from 2003 until his impeachment in 2005. In 2023, he was elected to the National Assembly. Early life Lucio Gutierrez, in full Lucio Edwin Gutiérrez Borbua, (born 23 March 1957, Quito, Ecuador), Ecuadorian army colonel and politician who served as president of Ecuador (2003–05). Gutiérrez was raised in Tena, an Amazon basin town. He was the son of a traveling salesman and attended primary and secondary school in Tena before transferring at age 15 to a military college in Quito. Gutiérrez graduated from the Army Polytechnic School as a civil engineer after having won honor's for academic and athletic prowess. He later studied in Brazil and the United States. Gutiérrez rose steadily through the army ranks. In 1990–92 he served with the United Nations observer mission to Nicaragua. As a young man, he demonstrated little i ...
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