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OECD Development Pathways
Multi-dimensional Review of Uruguay
Volume 1: Initial Assessment
OECD, United Nations. Economic Commission for Latin America and the Caribbean. Published by : OECD Publishing , Publication date:  29 Aug 2014
Pages: 188 , Language: English
Version: Print (Paperback) + PDF
ISBN: 9789264209442 , OECD Code: 412014021P1
Price:   €54 | $76 | £49 | ¥7000 | MXN980 , Standard shipping included!
Availability: Available
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Other languages:  Spanish (Available)
Other Versions:  E-book - PDF Format

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Imprint:  OECD Development Centre Tables: 13 


Uruguay has made remarkable progress over the past decade. Stable macroeconomic policies and a favourable external environment have permitted brisk growth and the financing of social policies. Substantial improvements in several dimensions of human well-being have occurred during this period, alongside considerable reductions in external risks. The conditions ahead, however, may present challenges to maintaining performance. Overcoming these challenges will require finding the appropriate balance between long run objectives and macroeconomic and fiscal stability.

One of the main obstacles to economic growth is the insufficient and inadequate provision of human capital and skills. A number of challenges remain for education, which, together with fiscal policy, are key means of reducing inequalities and sustaining economic growth. In addition, Uruguay needs to address labour shortages to avoid constraints on future growth, especially as exports become more skills-intensive. It is important to orient social policies and expenditures towards the most vulnerable groups.

Table of contents:

Acronyms and abbreviations  11
Editorial  13
Facts and figures of Uruguay  14
Executive summary 17
Chapter 1. How’s life in Uruguay? Historical performance and an assessment of well-being outcomes  19
-Introduction 20
-Assessing well-being outcomes in Uruguay 24
-Distribution of well-being outcomes 43
-Conclusions 52
-References  55
Chapter 2. Structural trends and economic performance in Uruguay  59
-An anatomy of the current expansion 60
-Primary sector dependence: A look at the different elements 70
-Framework conditions and bottlenecks to economic growth 79
-Conclusions 100
-References 102
Chapter 3. Inequalities in Uruguay 105
-Poverty and inequality trends have significantly improved in Uruguay 106
-The outlook for labour markets has been good, with quality jobs in the formal sector  113
-Inequalities in the access and quality of education are critical 121
-Current public policies to tackle inequality in Uruguay 129
-Conclusions 143
-References 144
Chapter 4. Macroeconomic policies for sustaining growth and social inclusion in Uruguay  149

-A decade of strong growth brings new challenges 150
-From post-crisis recovery to expansion 150
-Macroeconomic policies have stimulated growth 153
-Macroeconomic policy settings for the short term 160
-Macroeconomic policies over the medium term 166
-Conclusions 181
-References 182

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