A discussion of the dispute between the government of Ecuador and a Brazilian private company as a challenge to Latin American economic integration.
Written in 2008; 1,170 words; 7 sources; MLA; $ 40.95
Paper Summary:
This paper examines the political and diplomatic crisis between Ecuador and Brazil that was a result of Ecuador's decision to suspend the payment of a loan debt with the Brazilian bank BNDES for the construction of a hydroelectric power plant by the Oderbrecht S.A., a Brazilian private construction company. It argues that the dispute between Ecuador and Brazil may threaten the continuity of Latin America regional integration arrangements, such as the CCR, an Agreement of Credit Compensation, to boost social-economic development in the region.
Table of Contents:
Abstract
Facts, Normative Ground And Context Related To The Loan Contract To Finance The San Francisco Hydroelectric Power Plant
From the Paper:
"The crisis between the Ecuadorian Government and Odebrecht S.A., has inevitably become a bilateral crisis involving two sovereign states. Therefore, Brazilian commercial and political interests have been negatively affected. And not only Brazilian interests are threatened, but also the interests of any Latin America country pursuing economical, social and cultural regional integration. The San Francisco hydroelectric loan contract must be interpreted in the context of Latin American economical integration and this attitude of Ecuador government of not analyzing the contract within its proper context, as a contract that influences CCR members and Brazilian and Ecuadorian interests, results may be considered as an aggression against not only Brazil but also to other CCR's State members."
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