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Ecuador Government Aid

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August 29, 1999 | CHRIS KRAUL, TIMES STAFF WRITER
Cheap wine in Argentina and tortillas and tuition in Mexico, free land in Brazil, discounted gasoline in Venezuela, subsidized electricity everywhere: Such lavish government programs are gradually being dismantled across Latin America. But it should come as no surprise that it's politically unpopular to do so. Nor is it a coincidence that tiny Ecuador, a place where subsidies to consumers continue to hold sway, was in the news last week as the continent's latest economic disaster area.
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BUSINESS
August 29, 1999 | CHRIS KRAUL, TIMES STAFF WRITER
Cheap wine in Argentina and tortillas and tuition in Mexico, free land in Brazil, discounted gasoline in Venezuela, subsidized electricity everywhere: Such lavish government programs are gradually being dismantled across Latin America. But it should come as no surprise that it's politically unpopular to do so. Nor is it a coincidence that tiny Ecuador, a place where subsidies to consumers continue to hold sway, was in the news last week as the continent's latest economic disaster area.
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