Former President of Ecuador, Jorge Jamil Mahuad, visited IU-Bloomington on Thursday March 25. The Department of Economics hosted a luncheon lecture on the topic “A long-run perspective on economic and social policy issues in Ecuador”. The lecture was attended by faculty, graduate students and undergraduate students from the Department of Economics, the School of Education, the Kelly School of Business and the Maurer School of Law. Dr. Mahuad illustrated the difficult political situation caused by extensive fragmentation of the electorate and the background to the economic crisis caused by a fall in the price of crude oil and a devastating
el nino, and explained the available policy choices at the time. Dr. Mahuad drew parallels to policy choices faced by President Obama.
Dr. Mahuad also shared his expertise with Professors Huynh and Jacho-Chavez who are working on a research project studying the effect of the dollarization on the productivity of Ecuadorian firms.
Professor Gerhard Glomm Introducing Jamil Mahuad.
Dr. Mahuad included many slides illustrating the political and economic climate of Ecuador and South America.
Economics Department Chair, Gerhard Glomm, presents Jamil Mahuad with a TC Steel painting.