Towards a Strategy for Economic Growth in Uruguay

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dc.contributor.author Hausmann, Ricardo en
dc.contributor.author Rodríguez-Clare, Andrés en
dc.contributor.author Rodrik, Dani en
dc.description.abstract The Uruguayan economy is recovering from the 2002 financial crisis that disrupted its banking system, caused a collapse of its currency and seriously affected its fiscal solvency. The crisis was clearly associated with the collapse of the Argentine economy and its concomitant currency, banking and debt crises. Both were also related to the sudden stop that followed the Russian crisis of 1998, which prompted an important realignment of the real in January 1999, a fact that had exerted enormous pressure on bilateral exchange rates within Mercosur. In this post-crisis period, Uruguay now faces several challenges to attain a sustainable growth path. This report proposes a series of recommendations towards this end. Implementing a strategy to accelerate growth inevitably involves interventions at both the macro and the micro level. The macro level involves the maintenance of a stable and competitive real exchange rate, so as to create a stable and encouraging environment for export growth. The authors take up each of these elements of the growth strategy. They first focus on the design of incentive policies for economic diversification and promotion. Then they discuss next the macroeconomic complements, with special emphasis on maintaining a competitive and stable real exchange rate. en
dc.subject Economic Development & Growth en
dc.title Towards a Strategy for Economic Growth in Uruguay en
dc.coverage.placename Uruguay en
dc.contributor.other CAROLINAS
dc.date.accessioned 2011-06-15T21:01:03Z
dc.date.available 2011-06-15T21:01:03Z
dc.date.issued 2005-02
dc.identifier.uri http://www.iadb.org/en/publications/publication-detail,7101.html?id=17382
dc.format.extent 42
dc.format.medium ACROBAT
dc.language.iso en
dc.type Technical Notes
lacea.language.supported en
dc.date.modified 2015-06-12T10:35:26Z

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