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Uruguay: Trade Policy in a Small Economy

In: Trade Policy Reforms in Latin America

Author

Listed:
  • Marcel Vaillant
  • Vivianne Ventura-Dias

Abstract

With little more than three million inhabitants, Uruguay is the second smallest country of Latin America, after Panama, despite its large territory. It was a prosperous agricultural economy throughout the first part of the 20th century but the dream of a premature welfare state was brought to reality by unilateral changes in the conditions of access to agricultural markets in industrial countries. In the second half of the 20th century, the Uruguayan society had to cope with the gradual reduction in rents derived from its abundant natural resources while the size and age composition of the population did not facilitate the diversification of production and trade.

Suggested Citation

  • Marcel Vaillant & Vivianne Ventura-Dias, 2004. "Uruguay: Trade Policy in a Small Economy," Palgrave Macmillan Books, in: Miguel F. Lengyel & Vivianne Ventura-Dias (ed.), Trade Policy Reforms in Latin America, chapter 6, pages 125-142, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52376-0_6
    DOI: 10.1057/9780230523760_6
    as

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