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Republic Of Uruguay Research Paper

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The Oriental Republic of Uruguay is the second smallest country in South America. Its flag adorned with nine stripes representing the nine provinces that formed Uruguay as an independent country, while the gleaming sun embodies the triumph after the Spanish rule. The Republic of Uruguay leaded by a mild climate and alongside with The River Uruguay has a constitutional republic government with a population of 3,432,000. Uruguay official language is Spanish and its Capital is Montevideo with a total 1,353,000 inhabitants. The current presidency in Uruguay is run by Tabaré Vázquez. The ethnicity groups found in The Republic of Uruguay are divided into three major races: 88% White, 8% Mestizo, and Mulatto or Black 4%.
On one hand, the economy in …show more content…

Therefore, one of the societal changes The Republic of Uruguay confronted after the Soviet Union collapsed was the decreasing demand of wool, fishing products, petroleum consumption and exportation, and among other goods that led the “Switzerland of South America” to an economic depression. However, afterwards Uruguay was accused of being the center for Communism infestations practices, and after the postulation for presidency in 1990; Luis Alberto Lacalle de Herrera enhanced the political and economic development in the country. President Lacalle appealed to a democracy bureaucracy and established a free-market economy (including horse-and-buggy milk deliveries to Montevideo). Furthermore, Uruguay is known as the most challenging country in South America to be prompt to a change, since it lacks masses and is a small country. Moreover, from 1991 to the present…Uruguay has been branded as an important financial market due to its strategic location, predictable economy policies and stable clime. In fact, The Republic of Uruguay has become a vital center for money laundry because of its free-trade system.
After signed the Asuncion Treaty between Brazil and Argentina, this country raised its economy and living standards among its citizens. The current unemployment rate is 6.6% and its literacy varies from 98.8%, while the GDP per capita remains at $7,900. In addition, The World Factbook has declared that Uruguay has an industrial growth of 5% and ranking as the 52th place in comparison with the other country in the

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