The World Factbook about Ecuador Ecuador has substantial oil resources and rich agricultural areas. As an exporter of primary products such as oil, bananas, and shrimp, fluctuations in world market prices can have a substantial domestic impact. Growth has been uneven in recent years as the government has repeatedly initiated ill-conceived fiscal stabilization measures. Ecuador joined the World Trade Organization in 1996, but has failed to comply with many of its accession commitments. Exports and economic growth in 1998 may be adversely affected by lower world oil prices and, to a smaller extent, by El Nino.
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