End of preview - This article contains approximately 563 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Economy & Business - November 2021
ECUADOR: Looking to flexibilise labour regulations
During the 2021 presidential election campaign, President Guillermo Lasso promised that his government would create 2m jobs over its four-year term. Over the past 15 years, Ecuador’s formal employment sector has struggled to expand even during periods of growth, and it has shrunk over the past seven years – a structural problem which the Lasso government and the country’s multilateral creditors attribute to its rigid labour market. The government’s prescription is a labour reform which would introduce greater flexibility into the market and is expected to be put to the national assembly later this year. It will face fierce opposition from a left-leaning congress and trade unions, both of which worry about a potential erosion of workers’ rights.
- López Obrador sends down contentious electricity reform
- ECUADOR-COLOMBIA: US seeks to rival China’s Belt and Road programme
- ECUADOR: Looking to flexibilise labour regulations
- VENEZUELA: Some signs of recovery
- BOLIVIA: Money laundering bill withdrawn following protests
- ECONOMIC HIGHLIGHTS
- CHILE: Economic plans of the top four politicos
- BRAZIL: Big Petrobras profits draw greater scrutiny
- ARGENTINA: Economic policy depends on election results
- ECONOMIC HIGHLIGHTS
- COSTA RICA: Falling fiscal deficit earns praise from IMF
- PANAMA: Cortizo faces criticism after coming up short on transparency pledges
- CARIBBEAN: The talking goes on
- CARIBBEAN POINTERS
- ECONOMIC HIGHLIGHTS
- MEXICO: Inflation continues to rise
- MEXICO: Gas distributors stage protests
- MEXICO: Move to legalise imported used cars proves contentious
- ECONOMIC HIGHLIGHTS