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The Great Divergence Between New Zealand and Uruguay

In: Institutions and Small Settler Economies

Author

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  • Andre Schlueter

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.

Suggested Citation

  • Andre Schlueter, 2014. "The Great Divergence Between New Zealand and Uruguay," Palgrave Macmillan Books, in: Institutions and Small Settler Economies, chapter 0, pages 109-152, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-44567-4_4
    DOI: 10.1057/9781137445674_4
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