Word: ecuador
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Humbled by an out-of-control economy, a wave of protest strikes, and international condemnation of their quasi-official participation in the cocaine trade, Bolivia's generals were marching back to the barracks. They were not alone. During the past two years, Peru and Ecuador had already replaced uniformed leaders with civilian regimes. At the same time, Argentina's generals set a target of late 1983 for free elections, and in November Brazil's military government will allow the first free elections in two decades. Said Peru's civilian President, Fernando Belaúnde Terry: "Times...
...fact, support for Argentina's invasion of the Falklands has come from only a handful of Latin American countries. Chief among them are Peru, a traditional Argentine ally on the South American continent; Ecuador, which smarts from the loss of more than 70,000 sq. mi. of territory to Peru in various wars; Bolivia, which lost a Pacific coastline to Chile a century ago; and above all, democratic Venezuela, which claims about half of neighboring Guyana's territory. In an interview with TIME'S Caribbean bureau chief William McWhirter, Venezuelan President Luis Herrera Campins warned that...
...Saudi Arabia, the cartel's largest single producer, with the remaining 200,000 bbl. being spread among other members. The group agreed to review its pricing and production arrangements in several weeks, when the organization's members gather for a previously scheduled spring conference in Quito, Ecuador. Said OPEC President Mani Said al-Oteiba of the United Arab Emirates: "If need be, we are ready to cut production to zero, and OPEC as a whole is prepared to cut back to 10 million barrels...
...area last year. At least 100 multinational companies now maintain their Latin American headquarters in South Florida. Though economic and political woes in Latin America are expected to slow the influx of tourists from the south, Miami will no doubt remain, as the late President Jaime Roldós of Ecuador put it, the "capital of Latin America...
...only four democracies in South America, along with Colombia, Ecuador and Peru, Venezuela has long been enthusiastic about using its petrodollars to spread its concept of democracy elsewhere in the region. Venezuelan President Luis Herrera Campíns, 56, calls his country's assistance program a campaign in favor of "democracy for the poor." Says Energy Minister Humberto Calderón Berti: "Venezuela's oil is the main stabilizer of the democratic system...