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The Great Divergence Between New Zealand and Uruguay

Andre Schlueter
Authors registered in the RePEc Author Service: André Schlüter

Chapter Chapter 4 in Institutions and Small Settler Economies, 2014, pp 109-152 from Palgrave Macmillan

Abstract: Abstract Preceding analyses have shown that New Zealand and Uruguay were prosperous young settler economies at the end of the 1920s despite having crucial differences in their institutional setups. The early success of these small economies had relied on factors described by the conceptual framework as well as on rapidly increasing overseas demand for their major produce. In 1930, everyone could witness Uruguay’s advanced development, when it hosted the first FIFA World Cup. For a moment, future prospects looked bright for both countries.

Keywords: Gross Domestic Product; Real Exchange Rate; Capita Growth Rate; National Party; Welfare Spending (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-44567-4_4

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DOI: 10.1057/9781137445674_4

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