Image by AFP/Getty Images via Daylife
When Rafael Correa came to power in 2006, he said that he was not a traditional politician. We could add that he is not a traditional economist either –at least not like the economists who have dominated the field in favour of “free-market” economics. Correa served briefly as Minister of Economy and Finances in 2005, under President Alfredo Palacio, and even at that time he advocated for the reduction of poverty and the increase of economic sovereignty for Ecuador. He did not follow the advice of the International Monetary Fund (IMF) and he did not believe much in signing free trade agreements with the United States. Correa’s focus was, however, in increasing cooperation between Ecuador and other Latin American countries.
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