PARTICULARITIES OF URUGUAY'S ECONOMIC DEVELOPMENT IN THE 21ST CENTURY

Ľudmila Lipková ()
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Ľudmila Lipková: Fakulta medzinárodných vzťahov, Ekonomická univerzita v Bratislave

Almanach (Actual Issues in World Economics and Politics), 2020, vol. 15, issue 4, 15-28

Abstract: Uruguay's economy has continued the development since the beginning of the 21st century, which began at the end of the 19th century. Agriculture and industries based on agricultural raw materials continue to play an important role. A substantial part of agricultural production goes abroad. Nevertheless, foreign trade does not have a significant position in the economy, measured by the share in gross domestic product. Gradually, the territorial structure of foreign trade is changing in favor of China and to the detriment of neighboring states - Argentina and Brazil. Foreign investment plays an important role. Uruguay's economy is showing some disparities. Overall, however, it can be assessed as successful.

Keywords: the structure of the economy; foreign trade; foreign direct investment; disproportions and successes (search for similar items in EconPapers)
JEL-codes: G21 K41 (search for similar items in EconPapers)
Date: 2020
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