Domestic policies have much to do with the competitiveness of the country, according to Gabriela Calderon

Gabriela Calderon, a columnist for daily El Universo, when commenting on dollarization during an interview with Ecuavisa, said that the country has been losing competitiveness since 2010, long before the appreciation of the dollar in 2014, then the fever does not come from the monetary policy of the US Federal Reserve, but from other elements of the economic policy of the Ecuadorian government, that have been accentuated since 2010.

According to the analyst, measures such as the tax on foreign exchange outflows and the countless trade restrictive measures that not only include safeguards, that would be “the icing on the cake,” increase the cost of doing business in the country.

She said that devaluations, today, are not the most important factor to determine competitiveness, though it can be done on the side of internal policies.