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Showing posts from May, 2024

Saying No is hard; but in this case at what cost

Ecuador’s President, Daniel Noboa, called the electorate to the ballots on a National Referendum. The eleven questions established for this political process were in two main fields: security and labor market reforms. The Referendum took place on April 21, 2024.      The official results of the National Referendum are that in 9 out 11 yes-no-questions the Ecuador’s electorate gave the option of Yes a majoritarian support to the Administration’s plans. However, two questions the support leaned towards No; those questions main focus was on reforms to labor and foreign investment. The following graph show the results of the Referendum. Graph 1 Results of the National Referendum Source: CNE (National Electorate Council for it acronym in Spanish)        In the graphs, question D (3) stated that: Do you agree that the Ecuadorian State should recognize international arbitration as a method for resolving disputes in investment, contractual, or commercial matte...