UPDATE 3-Ecuador's re-elected Correa vows media and land reforms

Mon Feb 18, 2013 4:10pm EST
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* Charismatic economist cruises to easy election win

* Correa seen extending state role in economy in new term

* Ecuador needs investments to diversify oil-based economy

By Eduardo Garcia and Brian Ellsworth

QUITO, Feb 18 (Reuters) - Ecuadorean President Rafael Correa vowed on Monday to press ahead with laws to control the media and redistribute land to the poor as he looks to deepen his socialist revolution after a resounding re-election victory.

Correa, a pugnacious 49-year-old economist, trounced his nearest rival by more than 30 percentage points on Sunday to win a new four-year term. He has already been in power for six years, winning broad support with ambitious social spending programs.

His re-election triumph could set him up to become Latin America's most outspoken critic of Washington as Venezuelan President Hugo Chavez is struggling to overcome cancer.

But Correa will have to balance his desire for an agenda similar to Chavez's radical socialism with a need for pragmatic negotiations with foreign investors to raise Ecuador's oil production and spur the mining industry.

He focused on his socialist reforms on Monday, saying he'd push through legislation that has been blocked by opposition leaders in Congress.   Continued...