Research the reasons for adopting the dollar and the aftermath of dollarization for domestic inflation, tax revenue and evasion, and, generally, living standards.

Paper details:

Course: Economies of developing countries
Only use online resources for this task
Please use textbook Economic Development, 12th Edition if possible

Question1
Please choose a least developed country to answer to the following discussion question
A number of countries (e.g. Ecuador) have replaced the local currency with the U.S. dollar (dollarization).
Please research the reasons for adopting the dollar and the aftermath of dollarization for domestic inflation, tax revenue and evasion, and, generally, living standards.