Ecuador's Correa Wins Re-election: Says Banks and Mass Media Don't Rule Anymore

19 Feb 2013

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Ecuador is often in the news for harbouring WikiLeaks' Julian Assange in its London embassy, but this week it is making headlines because President Rafael Correa has won the country's most recent presidential elections with 61% of the vote. Analysts argue that Correa's electoral success is based on the fact that he has brought stability to the country. Unemployment reached a record low of 4.1% at the end of last year. Poverty is down 27% since he took office and education spending has doubled in Ecuador.

The main challenge for Correa now is to keep the country on a path of growth while shifting the model from a raw material based economy to a new, more sustainable and inclusive one.

© The Real News Network

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