NEWS + ANALYSIS
DORA DE AMPUERO

NEWS + ANALYSIS

IDEAS HAVE CONSEQUENCES: THE CASE OF DOLLARIZATION IN ECUADOR

June 19, 2015 | by Dora de Ampuero

Ecuador’s dollarization provides a good example for tracing how ideas become implemented in public policy. It takes time, effort, and dedication. One of the most relevant contributions of the Instituto Ecuatoriano de Economia Politica (IEEP) in its 25-year history of promoting the ideas of freedom was the role it played in the dollarization of Ecuador, both in its conception of the idea and in the actual implementation process. The changes did not occur magically or automatically. Typically, this level of policy change is the result of the work and effort of many individuals and their institutions. In the case of Ecuador, a group of economists worked incessantly to promote dollarization.

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