Political Report #1455 Ecuador’s April 11 Presidential Election
Ecuador’s April 11 presidential election by Marc Becker — 31 March 2021 On April 11, Ecuadorians will go to the polls to select their next president. On the surface, the contrast between the two candidates seems stark and the choice clear. Out of a record number of 16 candidates in the first-round vote on February 7, Andrés Arauz and Guillermo Lasso emerged at the top of the polls. Arauz of the progressive Union for Hope (UNES) coalition is a protégé of former president Rafael Correa. Like Correa, Arauz is a heterodox economist who emerges out of a Keynesian and developmentalist framework. Redistributive policies during Correa’s administration resulted in notable socio-economic gains, including record drops in poverty, extreme poverty, and inequality. Arauz presumably would return Ecuador to the model of using the country’s natural resources to fund redistributive policies, even as the current debt crisis and relatively low commodity prices provide less favorable conditions. Lasso, in contrast, is a rightwing Opus Dei adherent and a banker who has been personally responsible for many of the neoliberal ills that have plagued Ecuador over the last quarter century. The legacy of his role as a “super minister” that [...]

