Financial and commercial insertion of Ecuador in the international world: a historical and current analysis

Resumen

The Ecuadorian economic history has been fundamentally unstable, generating low returns in the commercial and financial area. In this context, the paper examines the background related to the commercial and financial insertion of Ecuadorian economic history, with a qualitative approach and using the historical method. The background analysis shows that the commercial aspect has a high dependence on exports, crediting it to the lack of autonomy generated in the colonial era and the need for a productive matrix with added value. Regarding the financial aspect, indebtedness and public spending have had negative effects on economic development, and to counteract them, economic integration and a change in productive ideology are proposed.