Let's Follow the Steps of Argentina
Ecuador is making significant strides in international relations through various economic initiatives, but it requires labor reforms to enhance job creation and access.
Ecuador is advancing its international relations by signing trade agreements and increasing foreign investment, which is projected to reach nearly $900 million by September 2025. This increase is significant as it matches the total foreign investment received in 2023 and 2024. The country is also witnessing a reduction in country risk, increased tax revenue, and a rise in exports, particularly non-oil goods, which contributes to a more virtuous economic cycle.
Despite these positive developments, there is a critical need for labor reform to stimulate job creation and enhance employment opportunities, particularly for women and youth. The rate of appropriate employment has risen from 33% to 37% between December 2024 and December 2025, indicating progress; however, the report emphasizes that further efforts are necessary to ensure that the growing economy translates into accessible employment for marginalized groups.
To close the gap, it is suggested that reforms are imperative to create a more dynamic labor market. This would not only result in more job openings but would also address the pressing issue of inadequate access to employment opportunities, especially for vulnerable demographics such as women and the youth. Without these reforms, Ecuador risks failing to capitalize on its economic gains, which could impede long-term sustainable growth and socio-economic equity.