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Ecuador is an example of a country that is currently in the third stage of development.

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Ecuador is well known for having a high standard of living. This is especially true for senior citizens of Ecuador. This is why many Americans move to Ecuador when they retire.

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Ecuador is in the Primary sector because their economy is mainly based on mining, fishing, and agriculture.

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Ecuador also exports a lot of petroleum to other countries. Petroleum accounted for around 40% of the country's export income. Also, Ecuador exports many other things, including bananas, shrimp and gold.

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Ecuador is still currently trying to grow their economy by extracting resources. Ecuador is one of the most biodiverse countries in the world. Ecuador still hasn't found a balance between growing their economy, and preserving the land.

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Ecuador is known to export a lot of oil, but they also export other things, like sea food, bananas, and pre cut flowers. Globalization in Ecuador is the countries main source of income to help improve their economy.

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Ecuador has a somewhat stable economy, but is not as high as many other countries around the world. Some things that could be done to improve the economy is by switching from primary economic activities to more secondary economic activities. This will allow Ecuador to still make money from exporting goods, but they will also be able to manufacture other products.