Government of Ecuador

Presented by Group-5

Comparative Study

Positive Outcomes To reduce external debt Greater employment

opportunities Higher Forex. Greater

integration with international economy

Development of Waorani people

50% of population below 20. Curb civil unrest

Negative Outcomes Irreversible loss of

renewable and non-renewable resources

Diminishing returns of economic activities

Social conflicts between indigenous and migrant population

Reverse migration to non-Amazon regions

Oil is a national asset. Sooner or later we have to use it.

Measures to be taken:•Arrive at consensus with all stake holders• Seek a complete report from Conoco• Ensure all original safeguards are implemented• Empower Subsecretario de Medio Ambiente. Increase budget and mandate.• Periodic inspection of sites by environmentalists• Harsh penalties for violating laws