Transcripción 19/6/2025, 8:35:57 p. m.

Apuntes

• Oil Discovery and Boom Begins Oil reserves were discovered in the Amazon region of Ecuador before and in 1972. The military government under Guillemo Rodriguez Lara started during this period. • Ecuador Before 1972 A poor country, Ecuador primarily exported fruits and vegetables. The economy was small and impoverished. • The Year 1972 Ecuador continued to export fruits and vegetables, maintaining its small and poor economy. During this time, oil exploration in Ecuador began in the 1970s. According to the government, oil was discovered in Ecuador's Amazon region in 1972. Oil reserves were found in Ecuador and exported to the United States. • OPIC Raises Oil Prices OPIC (Oil Price Information Committee) raised global oil prices, which caused economic difficulties for exporting countries. • 1973 Consuming countries faced economic difficulties due to rising oil prices and global economic shifts. • 1976-1979: Beginning of Crisis A crisis emerged due to issues with resource sources and the companies handling oil extraction. Debts had grown drastically, approximately twelve times their previous amount. • 1979: Return to Democracy Ecuador returned to democratic governance t...