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Understanding reform. The Uruguayan case

  • Alvaro Forteza

    ()

    (Departmento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

  • Daniel Buquet

    ()

    (Instituto de Ciencia Política, Facultad de Ciencias Sociales, Universidad de la República)

  • Mario Ibarburu

    ()

    (Departmento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

  • Jorge Lanzaro

    ()

    (Instituto de Ciencia Política, Facultad de Ciencias Sociales, Universidad de la República)

  • Andrés Pereyra

    ()

    (Departmento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

  • Eduardo Siandra

    ()

    (Departmento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

  • Marcel Vaillant

    ()

    (Departmento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

This paper analyzes the structural reform process that has been taking place in Uruguay since the return to democracy in 1985. Three main questions oriented the research: why reform? what kind of reform? and, how well did the reform perform? The main focus is on the pro-market reforms as they have been summarized in the so-called Washington Consensus, but the paper also deals with political reform and the consolidation of democracy. The general goal is to understand reform in a broad economic and political sense. The study is not just aimed at assessing the reforms implemented, but rather to understand why the market-friendly reforms moved faster in some areas than in others, who promoted and who opposed reform, how the political process shaped the reform, and how well the reform performed. This paper is part of the Global Development Network's research program named "Understanding Reform", which aims at improving our understanding of the recent reform experience by performing simultaneous and coordinated in-depth country-case studies.

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File URL: http://decon.edu.uy/publica/2003/Doc0603.pdf
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Paper provided by Department of Economics - dECON in its series Documentos de Trabajo (working papers) with number 0603.

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Length: 49 pages
Date of creation: Oct 2003
Date of revision:
Handle: RePEc:ude:wpaper:0603
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  1. La Porta, Rafael & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1997. " Legal Determinants of External Finance," Journal of Finance, American Finance Association, vol. 52(3), pages 1131-50, July.
  2. Eduardo Lora, 2001. "Structural reforms in Latin America: What has been reformed and how to measure it?," Research Department Publications 4287, Inter-American Development Bank, Research Department.
  3. Allan Drazen & William Easterly, 2001. "Do Crises Induce Reform? Simple Empirical Tests of Conventional Wisdom," Economics and Politics, Wiley Blackwell, vol. 13(2), pages 129-157, 07.
  4. Eduardo Lora & Ugo Panizza, 2002. "Structural Reforms in Latin America under Scrutiny," Research Department Publications 4303, Inter-American Development Bank, Research Department.
  5. Athanasios Orphanides, 1992. "The timing of stabilizations," Finance and Economics Discussion Series 194, Board of Governors of the Federal Reserve System (U.S.).
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  7. Carlos Casacuberta & Marcel Vaillant, 2002. "Trade and wages in Uruguay in the 1990’s," Documentos de Trabajo (working papers) 0902, Department of Economics - dECON.
  8. Robert H. Bates & Avner Greif & Margaret Levi & Jean-Laurent Rosenthal, 1998. "Analytic Narratives," Economics Books, Princeton University Press, edition 1, volume 1, number 6355.
  9. Gene M. Grossman & Elhanan Helpman, 1993. "The Politics of Free Trade Agreements," NBER Working Papers 4597, National Bureau of Economic Research, Inc.
  10. Rajapatirana, Sarath, 1995. "Post trade liberalization policy and institutional challenges in Latin America and the Caribbean," Policy Research Working Paper Series 1465, The World Bank.
  11. Mariano Tommasi, 1995. "Where are we in the Political Economy of Reform?," UCLA Economics Working Papers 733, UCLA Department of Economics.
  12. Levine, Ross & Zervos, Sara, 1998. "Stock Markets, Banks, and Economic Growth," American Economic Review, American Economic Association, vol. 88(3), pages 537-58, June.
  13. Rafael Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 2006. "What Works in Securities Laws?," Journal of Finance, American Finance Association, vol. 61(1), pages 1-32, 02.
  14. Eduardo Lora, 1997. "Una década de reformas estructurales en América Latina: ¿Qué se ha reformado y cómo cuantificarlo?," Research Department Publications 4075, Inter-American Development Bank, Research Department.
  15. Forteza, Alvaro & Rama, Martin, 2001. "Labor market"rigidity"and the success of economic reforms across more than one hundred countries," Policy Research Working Paper Series 2521, The World Bank.
  16. Corbo, Vittorio & de Melo, Jaime, 1987. "Lessons from the Southern Cone Policy Reforms," World Bank Research Observer, World Bank Group, vol. 2(2), pages 111-42, July.
  17. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert W., 1998. "Law and Finance," Scholarly Articles 3451310, Harvard University Department of Economics.
  18. Dani Rodrik, 1989. "Policy Uncertainty and Private Investment in Developing Countries," NBER Working Papers 2999, National Bureau of Economic Research, Inc.
  19. Shatz, Howard J. & Tarr, David G., 2000. "Exchange rate overvaluation and trade protection - lessons from experience," Policy Research Working Paper Series 2289, The World Bank.
  20. Dani Rodrik, 1996. "Understanding Economic Policy Reform," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 9-41, March.
  21. Jagdish Bhagwati (ed.), 2002. "Going Alone: The Case for Relaxed Reciprocity in Freeing Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262025213, June.
  22. Eduardo Lora & Mauricio Olivera, 2004. "What makes reforms likely: Political economy determinants of reforms in Latin America," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 99-135, May.
  23. Krishna, Pravin & Mitra, Devashish, 2005. "Reciprocated unilateralism in trade policy," Journal of International Economics, Elsevier, vol. 65(2), pages 461-487, March.
  24. Sarath Rajapitarana, 1995. "Post Trade Liberalization Policy and Institutional Challenges in Latin America and the Caribbean," Reports _014, World Bank Latin America and the Caribean Region Department.
  25. Anna Caristo & Alvaro Forteza, 2003. "El déficit del Banco de Previsión Social y su impacto en las finanzas del gobierno uruguayo," Documentos de Trabajo (working papers) 0703, Department of Economics - dECON.
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