NEO EXTRACTIVISM IN ECUADOR OPPORTUNITES OF YASUNI ITT EXPLORATION

Abstract

Over the years, extractivism has been topic of discussion since this is the main characteristic of developing countries, especially in Latin America. Most of them base their income on the exportation of those commodities, which would be at the same time a source raw material for developed countries. Along with some measures implemented by the government, its role in the management of those resources is a key factor to determine the long-term outcome that the use of them will generate. Therefore, some of the resources such as oil, not always is considered as the ideal resource to base the economy on due to the volatility of prices it can trigger in the long run. The research is focused on the study of the Ecuadorian market regarding neo extractivism in comparison with some Latin American countries. The study proposes a different path rather than the exploitation of a resource that can generate an economic unbalance due to its dependency and establishing as an example the Yasuni ITT case