Dissecting Economic Growth in Uruguay

Author: Ms. Natasha X Che

Volume/Issue: Volume 2021 Issue 002

Publication date: January 2021

ISBN: 9781513564708

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , economic growth , Uruguay , commodity price boom , sustainable growth , economy of Uruguay , WP , convergence record , income convergence , soybean export , terms of trade , Uruguay economy

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Summary

Uruguay experienced one of its biggest economic booms in history during 2004-2014. Since then, growth has come down significantly. The paper investigates the various causes of the boom and discusses the sustainability of these causes. It then compares Uruguay against high-growth countries that were once at a similar income level, across a broad set of structural indicators, to identify priority reform areas that could improve long-term growth prospect.