Ecuador Post oil: A reality

Authors

DOI:

https://doi.org/10.31637/epsir-2025-1775

Keywords:

Management, economy, planning, petroleum, export, import, strategy, prospective

Abstract

Introduction: Ecuador has a long tradition of oil exports in the Amazon, but revenues from this activity depend mainly on the variation in the price of crude oil, without considering that it is a non-renewable resource that will be depleted. Methodology: A quantitative methodology was used, analysing data on the percentage share of selected exports and imports. Results: The study suggests that Ecuador should focus on implementing technology to export value-added products, not only in their original form. Technology transfer and the training of new generations to develop products such as medicines is also key. Discussion: While it is necessary to continue exporting agricultural, maritime and mining resources, the focus should be on ‘industrial reform’ to boost the creation of added value in exports. Conclusions: Ecuador must invest in technological innovation and education to diversify its exports and reduce dependence on oil, creating a more sustainable economy.

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Author Biographies

Amparo Isabel Pilicita Garrido, Universidad de la Fuerzas Armadas ESPE

Commercial Engineer, Master in Planning and Strategic Management, higher studies at the University of the Armed Forces ESPE. Currently I am a university lecturer, among the subjects taught are: Production Management, Strategic Management, Project Management, Management and Entrepreneurship, Strategic Prospective Planning and Quality Management, additionally I have worked as a consultant in planning and process management in the Metropolitan Commission against Corruption ‘Quito Honesto’ and in the Metropolitan Agency of Control. Publications: Strategic prospective planning and its relation with planning in the Ecuadorian public sector, Strategic planning for Metropolitan Commission of Fighting Corruption, Integral attention to service solutions and Diseño de escenarios prospectivos: Una técnica proactiva de decisión (book).

Mario Alejandro Cruz Rodríguez, Universidad de la Fuerzas Armadas ESPE

Commercial Advisor, Commercial Director, Financial Administrative Director, Commercial Managing Director, General Management Advisor, Regional Manager of companies in the electricity sector in Ecuador; implementation of commercial system, processes, indicators in electricity commercialisation companies, modules: customer service, registration, invoicing, collection, portfolio control, commercial losses; First place Ecuador 2010 ECUACIER, improvement projects for the electricity sector in Ecuador in commercialisation management, efficient use of public resources; implementation of best practices in organisations related to commercial processes and administrative-technical system. University Teacher Quality Management, Entrepreneurship, Projects, University of the Armed Forces, Educational Management Support Teacher (Advisor) Vice-rectorate of Teaching, planning, budgeting, public procurement, processes. Commercial Engineer ESPE, Master in Quality and Productivity Management ESPE /TEC Monterrey.

Paola Andrea Suárez Torres , Universidad de la Fuerzas Armadas ESPE

Professor at the University of the Armed Forces - ESPE, in classroom and online modalities, in subjects such as Management and Entrepreneurship, Problem Based Learning, Educational Management, Strategic Planning, Quality Management, among others. With academic training in Commercial Engineering at the University of the Armed Forces and a Master's degree in Business Management from the Universidad Particular de Loja. As for my professional experience, it is characterised by my service to the country through Public Banking, supervising the granting and recovery of microcredits, as well as creating alliances with other State Institutions in order to collaborate in the development of microenterprises and entrepreneurship, a practice that has been the basis of my teaching for 18 years.

Francisco Xavier Montúfar Ruales , Universidad de la Fuerzas Armadas ESPE

Finance Engineer, Public Accountant - Auditor from the University of the Armed Forces ESPE and Master in Tax Administration from the Institute of Higher National Studies IAEN. Additionally, I hold certifications registered with SENESCYT in Business Administration, as well as in Quality Evaluation and Excellence in Public Management and also in Training of Trainers. Currently, I teach Accounting for Decision Making, Labour and Corporate Risks and Cost Accounting. In addition, it is worth mentioning that I have worked in the field of financial management, taxation and control in both the private and public sectors, including the Superintendence of Companies, Securities and Insurance.

References

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Published

2024-12-19

How to Cite

Pilicita Garrido, A. I., Cruz Rodríguez, M. A., Suárez Torres , P. A., & Montúfar Ruales , F. X. (2024). Ecuador Post oil: A reality. European Public & Social Innovation Review, 10, 1–19. https://doi.org/10.31637/epsir-2025-1775

Issue

Vol. 10 (2025)

Section

MISCELLANEOUS

License

Copyright (c) 2024 Amparo Isabel Pilicita Garrido, Mario Cruz Rodríguez, Paola Andrea Suárez Torres , Francisco Xavier Montúfar Ruales

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