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Uruguay

The original report was published in the USA Today on Monday, January 31, 2011
Often referred to as the Switzerland of South America, Uruguay’s political stability is being bolstered by growing economic and financial stability, consequences of moderate governance, sustainable fiscal policy, market and economic diversification, and a strong focus on education, among other things.
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Uruguay has proven a stable destination for investment, even throughout the regional financial crisis of 2002, when it refinanced its debt unlike its neighbors.
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The travel industry pioneer opened its global support center in Montevideo
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Discount Bank has built a long-lasting relationship with Uruguay and the community
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While NBC’s shareholders are international, its focus is highly personalized
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Over the past few years, Uruguay has managed to diversify its markets; whereas a decade ago 50% of its trade was concentrated in Mercosur, now it is just 27%.
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ANTEL, the state-owned telecommunications company, aims to connect the majority of Uruguay to the information age
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Aside from promoting cultural exchanges, the U.S. Embassy in Uruguay can also help investors get started
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Uruguay’s Minister of Foreign Affairs discusses his country’s potential for greater trade and investment
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New head-quarters in Uruguay lend Lobraus a extra competitive edge
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Following the 2002 economic crisis, Uruguay’s Central Bank made it possible for the country to better weather the current crisis
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Uruguay’s first insurance bank still leads the industry thanks to its reputation and reliability
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Carolina Cosse, president of the National Telecommunications Administration (ANTEL) talks about the company’s projects, goals, and the famous Plan Ceibal
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United World

POPULATION:
3,308,535 (July 2011 est.)
Country comparison to the world: 133

LOCATION:
Southern South America, bordering the South Atlantic Ocean, between Argentina and Brazil

CAPITAL:
Montevideo

AREA - comparative:
Slightly smaller than the state of Washington

CLIMATE:
Warm temperate; freezing temperatures almost unknown

GDP - composition by sector:
Agriculture: 9.2%
Industry: 22.3%
Services: 68.5% (2010 est.)

AGRICULTURE - products:
Beef, soybeans, cellulose, rice, wheat, lumber, dairy products; fish

INDUSTRIES:
Food processing, electrical machinery, transportation equipment, petroleum products, textiles, chemicals, beverages

EXPORTS:
$6.7 billion (2010 est.)

EXPORTS - commodities:
Beef, soybeans, cellulose, rice, wheat, wood, dairy products; wool

EXPORTS - partners:
Brazil 21%, Nueva Palmira Free Zone 10.2%, Argentina 7.5%, Chile 5.5%, Russia 5.3% (2010 est.)