Intoduction Development Economics Essay Example | Topics and Well Written Essays - 1000 words

Intoduction Development Economics - Essay Example Moreover, the document will discuss the prevalence of the inequality in the years. Assessment of the poverty evolution in the country in the last two decades and the factors that led to the performance will be elaborated in the document. The population growth of the country will be part of the subject of the paper since the year 1980. Lastly, the paper will tackle the poverty levels in the country in the nation given its poverty levels in the last two decades. Ecuador is one of the poor countries in the Latin America and the level of inequality of the country’s resources keeps bloating in the developing years. The country’s inequality is a trending feature that gives the country bad reputation on the priorities the government has put in place to counter the inequality in the country. As the countries natives suffer the economic devastations, some parts of the country enjoy the fruits of tourism and high end bars. This land termed as ‘gringolandas’ are known for the rich culture of using American luxury products and the few elite enjoy the resources generated from the tourist revenue in the country. Marginalization of the Afro-Ecuadorians in the nation has contributed to the inequality in the country as the communities have the notion that they are the lazy and criminals. A few miles into the Atacames a touristy beach town could benefit the Esmeralda residents but the mindset in the country give the vicious cycle of poverty a chance in the country by fueling the stereotypes on the Afro-Ecuadorians. Racism in the country is a big issue in the country ingrained from the Spanish colonial eras is still evident in the country aggravating the population’s marginalization. Inequality in the recent years is partly fueled by the environmental devastation in the country. The deforestation and oil spills in the countryside where many indigenous Ecuadorians live become more prominent because the legislature is very corrupt and lacks protect ive measures to control the companies given the contracts. This degradation of the environment brings the country to depravation of morals and defined greed in the system that governs the country. The constant westernization of the urban Ecuador is very instrumental in the promotion of inequality. The supermaketization of the urban areas gives convenience to the wealthy but puts the local farmers out of business creating further inequality in the country. In comparison to other countries that have the same income levels, Ecuador has a lower prevalence of the poverty levels compared to the Dominican Republic. However, the level of poverty in Costa Rica is reduced and low in comparison to both countries. Inequality in the countries has declined in the recent years but not in all countries. The level of inequality in Costa Rica has seen a stagnation trend as compared to the other countries. The evolution of the inequality has evolved in the country citing the new discoveries of natural resources that attract companies that mine without the care for the environment and the natives. Furthermore, the country has had a lot to do with racism, which is a good aggravator of inequality. These changes are occurring because the government and the appropriate bodies are doing little to protect the common person in the country and instead enjoy the luxury that comes with the resources the country contains. The presence of deeply rooted corruption gives the common person a hard