Ecuador Living

Ecuador has a new constitution and we are sharing thoughts about what this means.

I shared my views at Ecuador’s New Constitution but I am not a political pundit of any sort. As a businessman I must be optimistic by nature and focus more on adapting to “what is” rather than “what might or could be”.

So I asked many of my friends in Ecuador, from many walks of life, what they think about Ecuador’s new constitution. Here is the fourth reply from a European who has a business in Ecuador.

Here are the view shared:

“Gary, This was of course as expected..it gives the president the power now to continue with his program of change..but he has to be careful..few people here will accept a model like we see in Venezuela or the conflicts we see in Bolivia..what most people expect is a model closer to what you see in Chile..I guess he will have problems financing all of what he is offering if the price of oil drops further..the constitution says as one example that all people will have the right to social security..good idea but let’s see if they are able to finance it..

As a foreigner living in Ecuador I do not expect my life or business to be much affected..they have always said that they welcome social responsible businesses that pay their taxes and do no harm to the environment..should not be too difficult to follow… With the new constitution I can even vote now!

There you have it, a view from a European Ecuadorian view coast.

See the previous views at:

View #1

View #2

View #3

Join us in Ecuador.

Merri and I love our lives in North Carolina’s mountains but after autumn’s gold, the weather looks like this! Here I am with Ma feeding the birds in front of our house.

We won’t make that mistake again! Instead we move to Ecuador’s Pacific coast and Cotacachi, enjoying weather and views like this one shot of Ma an me looking at birds on a sunshine filled hike instead.

Tomorrow’s message looks at more Ecuador pictures and the benefits of a multi currency business.

Until then, good multi currency investing.

Gary

Our Oct 14-18 Ecuador Import Export Course has two spaces left.
http://www.garyascott.com/catalog/ecuador-import-and-export-tour

Learn this November more about Ecuador and emerging bonds. Join Merri, me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador. We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador
http://www.garyascott.com/catalog/international-business-made-ez-ecuador

See the wonderful balconies in the Primavera condos at for sale at $46,000 in Cotacachi.

Nov 10-11 Imbabura Real Estate tour
http://www.garyascott.com/catalog/ecuador-real-estat

Then travel to the coast. Enjoy the Vistazul swimming pool on Ecuador’s Pacific.

November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
http://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour

See discounts for two or more of these courses and tours