The Bank's study of Ecuador from 1970-1994 is the most quoted example of the implications of measuring genuine savings. 9 Extended Domestic Investments (orthodox savings) for this period were consistently more than 20%, peaking at more than 30% in the early 1990s. However, once the drawdown of non-renewable natural capital in the form of oil was accounted for, genuine savings were found to be near zero or negative. Similarly striking results were found for a number of countries in Latin America and the Caribbean. 10 Genuine savings measures tend to depress the savings rates of natural resource-rich countries, showing.
