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: Rivers Of Ecuador
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)