Economy
Prior to the arrival of Europeans, the indigenous people of Ecuador used the rivers for fishing and transportation, although frequent waterfalls limited canoe travel in the Andes. The rivers long continued to be an important means of transportation, especially as the mountains made road and railroad building difficult.
Since the 20th century, rivers have become an important source of electric power in Ecuador. As of 2006, hydroelectric dams have a capacity 1,750 megawatts. Some critics have noted that these projects have tended to be "substantially oversized" without "delivering the promised energy benefits." In 2008, President Rafael Correa announced that the government planned to build eleven new hydroelectric power plants. Almost all of the dam projects face opposition from local communities that fear negative environmental impacts on the land and a lack of transparency in decision-making.
Recreational rafting on the rivers has become an important part of Ecuador's tourism-based economy.
Read more about this topic: List Of Rivers Of Ecuador
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)