Ecuador's President Rafael Correa meets with the foreign press in Quito, Ecuador, Wednesday, Feb. 22, 2017, after general elections over the weekend. A self-declared "21st century socialist," Correa was elected president in 2007 and he won praise for ushering in stability for Ecuador after a severe economic crisis that saw three presidents toppled by street protests and the adoption of the U.S. dollar to control rampant inflation.
Ecuador's President Rafael Correa meets with the foreign press in Quito, Ecuador, Wednesday, Feb. 22, 2017, after general elections over the weekend. A self-declared "21st century socialist," Correa was elected president in 2007 and he won praise for ushering in stability for Ecuador after a severe economic crisis that saw three presidents toppled by street protests and the adoption of the U.S. dollar to control rampant inflation. Dolores Ochoa AP
Ecuador's President Rafael Correa meets with the foreign press in Quito, Ecuador, Wednesday, Feb. 22, 2017, after general elections over the weekend. A self-declared "21st century socialist," Correa was elected president in 2007 and he won praise for ushering in stability for Ecuador after a severe economic crisis that saw three presidents toppled by street protests and the adoption of the U.S. dollar to control rampant inflation. Dolores Ochoa AP

Correa’s ‘economic miracle’ in Ecuador was actually a monumental sham

March 03, 2017 07:00 AM

UPDATED March 03, 2017 12:33 PM

More Videos

13th human foot washes up on British Columbia coast 0:49

13th human foot washes up on British Columbia coast

City, court force Miami Shores residents to remove vegetable garden from front yard 1:38

City, court force Miami Shores residents to remove vegetable garden from front yard

Years of unchecked corruption hamper Haiti's development 2:51

Years of unchecked corruption hamper Haiti's development

Dolphins quarterback Jay Cutler is pretty happy after victory 1:33

Dolphins quarterback Jay Cutler is pretty happy after victory

Mom of ‘Baby Lollipops’ convicted for third time of torture and murder of son 5:26

Mom of ‘Baby Lollipops’ convicted for third time of torture and murder of son

Miami Heat guard Tyler Johnson talks about team’s mounting injuries 2:26

Miami Heat guard Tyler Johnson talks about team’s mounting injuries

Cuban researchers hope to join forces with U.S. in biotech field 2:21

Cuban researchers hope to join forces with U.S. in biotech field

Grieving mother speaks to media about son's death of meningitis 0:47

Grieving mother speaks to media about son's death of meningitis

Mom killed days before her son’s graduation 1:28

Mom killed days before her son’s graduation

Sen. Jack Latvala on sexual harassment allegations 2:59

Sen. Jack Latvala on sexual harassment allegations

  • Pro-government groups beat up woman in Venezuela

    A group of motorcycle riding pro government supporters beat up woman in Venezuela.

About Andres Oppenheimer

Andres Oppenheimer

@oppenheimera

Andres Oppenheimer is a syndicated columnist, and anchor of the TV Show "Oppenheimer Presenta." He is a member of the Miami Herald team that won the 1987 Pulitzer Prize.