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Particularities Of Uruguay'S Economic Development In The 21st Century

Author

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  • Ľudmila Lipková

    (Fakulta medzinárodných vzťahov, Ekonomická univerzita v Bratislave)

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.

Suggested Citation

  • Ľudmila Lipková, 2020. "Particularities Of Uruguay'S Economic Development In The 21st Century," Almanach (Actual Issues in World Economics and Politics), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 15(4), pages 15-28.
    • Handle: RePEc:brv:almnch:v:10:y:2020:i:4:p:15-28
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    More about this item

    Keywords

    the structure of the economy; foreign trade; foreign direct investment; disproportions and successes;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process

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