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Capitalism in Uruguay

Author

Listed:
  • Santiago Acerenza

    (Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales. Departmento de Economía)

  • Juan José Barrios

    (Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales. Departmento de Economía)

Abstract

Capitalism has evolved to be the dominant economic and social system. Following Feudalism, economic decisions have relied mainly on market forces and private ownership of means of production. Although Capitalism may exist even if those means of production are not privately owned, recent experiences have demonstrated that that type of Capitalism (i.e. Soviet Socialism) is not sustainable. This article examines different types of Capitalism as we know it today and focuses on one developing country, Uruguay. We examine recent Uruguayan history to gauge into the evolution of Capitalism in the country and characterize Capitalism in each period according to a well developed model.

Suggested Citation

  • Santiago Acerenza & Juan José Barrios, 2016. "Capitalism in Uruguay," Documentos de Investigación 107, Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales.
    • Handle: RePEc:avs:wpaper:107
    as

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    File URL: https://dspace.ort.edu.uy/bitstream/handle/20.500.11968/2738/documentodeinvestigacion107.pdf
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    References listed on IDEAS

    as
    1. Jackson, Gregory & Deeg, Richard, 2006. "How Many Varieties of Capitalism? Comparing the Comparative Institutional Analyses of Capitalist Diversity," MPIfG Discussion Paper 06/2, Max Planck Institute for the Study of Societies.
    2. Jorge Notaro & Mariángeles Chevalier & Claudio Fernández Caetano & Virginia Motta & Magdalena Viera, 2011. "El origen del sistema de relaciones laborales en el Uruguay," Documentos de Trabajo (working papers) 11-01, Instituto de Economía - IECON.
    3. Amable, Bruno, 2003. "The Diversity of Modern Capitalism," OUP Catalogue, Oxford University Press, number 9780199261147.
    4. Streeck, Wolfgang, 2010. "Taking capitalism seriously: Toward an institutionalist approach to contemporary political economy," MPIfG Discussion Paper 10/15, Max Planck Institute for the Study of Societies.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    capitalism; underdeveloped countries; comparative economic systems; comparative politics; economic history;
    All these keywords.

    JEL classification:

    • N96 - Economic History - - Regional and Urban History - - - Latin America; Caribbean
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean
    • N36 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Latin America; Caribbean
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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