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Volume 9  Number 3  •  Winter 2005
Other Issues:  

Sustainable Development and Institutional Failure: The Case of Ecuador
By Franklin Lopez
This article appeared in the Winter 2005 issue of The Independent Review

The case of Ecuador demonstrates clearly that command-and-control measures are ineffective for preserving natural resources or maintaining environmental quality consistent with sustainable development. Ecuador’s environmental challenges can be met only by developing one resource the country lacks: a well-structured system of private-property rights.