By rejecting the neoliberal recipes of privatisation, structural adjustment and curtailed demand, we have grown by 4.3% over the last five years despite the global slowdown. Central to this growth, and to the reduction of unemployment to the lowest rate in the region, has been public investment, which at 14% in 2011 is the highest in Latin America.
Dear God. Sub-Saharan Africa is growing by 5.5% a year without much if any public investment in anything.
With 14% of GDP in said public investment Ecuador should be roaring away at a much higher rate than that. They\’re boasting about the figures that show what a poor job they\’re doing.
And that\’s even being kind and assuming they\’re talking about 4.3% each year: if it\’s over the five years then they\’re really doing a shite job.