02-2021 Latin American Economy & Business
Economy & Business Report
Ecuador’s mining industry at a crossroads
By the nature of its reliance on certain sectors, Latin America has long been at the mercy of shocks the global economy. Primary material and agricultural exports – two of the region’s totems – are vulnerable to external shocks and fluctuations, and the current trade war between China and the US government of President Donald Trump has caused a wave of uncertainty that could have grave consequences for Latin America. While the region is likely to suffer in the long run, there will be a short-term boom for some economies in the region as both countries pivot away from one another in certain sectors.
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