Economist.com | Country Briefings: Ecuador

morre history to to the present day here: Economist.com | Country Briefings: Ecuador
The area of present-day Ecuador has been occupied since at least 2500 BC. By the 15th century several warring states were vying for control, until the Inca moved in from Peru mid-century. They dominated the area until the arrival of Spaniards led by Francisco Pizarro in 1532. Already weakened by a war for succession, the Inca were quickly defeated. The colony of Ecuador was founded in 1534, and Spanish settlement began, centred mostly on the central plateau and the port of Guayaquil. The economy focused on large-scale agriculture and exploiting natural resources.
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