Rafael Correa claims victory, 2013. Demotix/Sandra ten Zijthoff. All rights reserved.
The first 15 years of the twenty-first century have generally been quite positive for Latin American economies. This has been due, to a great extent, to the rising price of most exports, which in turn has produced an improvement in tax revenues that different countries have used to reduce disturbing poverty levels. Oil has regularly exceeded $120, but high prices for natural gas, copper and soybeans have also helped the economies of these countries to grow vigorously and to improve the living conditions of their people.
