URUGUAY:

<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHYK9CSooyYVKopxrZOqy8swFx1VQkTHDYfOFx9_rhuRyVTkrcAq2aTpDiEZ-h8noV9F_p10Xukm3mp-_f76tfD60HcBqg8lEyq5teE_hvZqasJZghoRN3IGDtwdSxLp_ddmCSsJzdi_r1/s1600/12--1837603-Uruguay+Flag+Waving,+grunge+look.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHYK9CSooyYVKopxrZOqy8swFx1VQkTHDYfOFx9_rhuRyVTkrcAq2aTpDiEZ-h8noV9F_p10Xukm3mp-_f76tfD60HcBqg8lEyq5teE_hvZqasJZghoRN3IGDtwdSxLp_ddmCSsJzdi_r1/s400/12--1837603-Uruguay+Flag+Waving,+grunge+look.jpg" width="400" /></a></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div class="MsoNormal" style="text-align: center;"><b><span style="font-family: 'Times New Roman', serif; line-height: 107%;"><span style="font-size: x-large;"><span style="background-color: white;"><span style="color: #134f5c;"><br /></span></span></span></span></b></div><div class="MsoNormal" style="text-align: center;"><b><span style="font-family: 'Times New Roman', serif; line-height: 107%;"><span style="font-size: x-large;"><span style="background-color: white;"><span style="color: #134f5c;">SOUTH AMERICA’S NEW- ZEALAND?</span></span><span style="background-color: #45818e;"><o:p></o:p></span></span></span></b></div><div class="MsoNormal" style="text-align: center;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></b></div><div class="MsoNormal" style="text-align: justify;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;">Will tiny URUGUAY get squeezed between its two much larger neighbors, BRAZIL and ARGENTINA, or prove itself resilient?</span><o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: 'Times New Roman', serif; line-height: 107%;"><span style="font-size: x-small;">By Tim Harcourt </span></span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"> <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">URUGUAY is the classic small player who “punches above its weight.” It only has 3.3 million people and is dwarfed by its larger neighbors BRAZIL and ARGENTINA, with 197 million and 41 million people, respectively.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">But historically, it was a wealthy country.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">According to URUGUAY’S Deputy Economy Minister, Luis Porto, back in 1870, URUGUAY — like ARGENTINA and AUSTRALIA — was one of the world’s richest economies.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">This was largely thanks to its rich agricultural endowment.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">For a small nation, it was not only rich, but also competitive, as became apparent on the world sporting stage. It won the inaugural FIFA Football World Cup in 1930.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">Then URUGUAY backed it up in 1950 in a shock 2:1 win over that year’s hotter-than-hot favorite host nation, BRAZIL, at the newly built Maracana Stadium in Rio de Janeiro.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">That game was played in front of 200,000 people (mainly consisting of shocked BRAZILIANS who have been haunted by the result ever since).<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;">SWITZERLAND OF THE SOUTHERN HEMISPHERE</span><o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;"><br /></span></span></b></div><table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3YzvO3E40BO3mWFDlpu8-xJhS3Um5ECmkS90xdXOcECVY1Yr_3mWxJchEcZ2RE-UzYUySluC28coNUam-xo409Mp2sZp24uXypRbC90kmcDVi-yIfU_tw-GaLMX1u5h4tnALzaxmwVYs8/s1600/uruguay-south-america-safest-bet.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="166" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3YzvO3E40BO3mWFDlpu8-xJhS3Um5ECmkS90xdXOcECVY1Yr_3mWxJchEcZ2RE-UzYUySluC28coNUam-xo409Mp2sZp24uXypRbC90kmcDVi-yIfU_tw-GaLMX1u5h4tnALzaxmwVYs8/s400/uruguay-south-america-safest-bet.jpg" width="400" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">Punta del Este</td></tr></tbody></table><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">When URUGUAY was wealthy, it was known as the “SWITZERLAND of the southern hemisphere” In the modern context, the best comparison is probably with NEW ZEALAND.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">NEW ZEALAND and URUGUAY have a lot in common. Both are small countries dependent on agriculture, services and tourism and are also economically tied to the fortunes of their considerably larger neighbors.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">While NEW ZEALAND has benefited from having “The Lucky Country,” AUSTRALIA, as its main next-door neighbor, URUGUAY has had ARGENTINA.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">ARGENTINES woes are well documented — and URUGUAY is strongly influenced by the boom-bust cycle of the ARGENTINE economy in terms of trade flows.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-element: para-border-div; padding: 1.0pt 4.0pt 1.0pt 4.0pt;"> <div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><b><u><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">Background Information</span></u></b><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">: <span style="color: #134f5c;">ARGENTINA</span></span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #134f5c;"><br /></span></span></b></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;">ARGENTINA, BARELY 30 YEARS OF DEMOCRACY, A YOUNG NATION TRYING TO FIND ITS BEARING</span> </span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><a href="http://geopoliticsrst.blogspot.co.at/2012/11/argentine-evolution.html">http://geopoliticsrst.blogspot.co.at/2012/11/argentine-evolution.html</a>)<o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></b></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;">ARGENTINE AGRICULTURE EXPORT</span></span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"> <a href="http://news-these-days.blogspot.com.ar/2011/07/share-of-cake.html">http://news-these-days.blogspot.com.ar/2011/07/share-of-cake.html</a> and<o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><a href="http://news-these-days.blogspot.com/2013/09/the-future-of-argentina.html">http://news-these-days.blogspot.com/2013/09/the-future-of-argentina.html</a><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><br /></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;">ARGENTINE</span></span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;">’<b>S "INVISIBLE OPPOSITION", CONSISTING OF SELF - SEEKING ONE MAN SHOWS, MANIPULATED BY LOCAL MEDIA GIANT TO OPPOSE THE GOVERNMENT</b></span> <a href="http://news-these-days.blogspot.com.ar/2012/04/argentina-country-without-visible.html">http://news-these-days.blogspot.com.ar/2012/04/argentina-country-without-visible.html</a><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><b><span lang="ES-AR" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-ansi-language: ES-AR;"><br /></span></b></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><b><span lang="ES-AR" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-ansi-language: ES-AR;"><span style="color: #cc0000;">MEDIA BIAS IN ARGENTINA</span></span></b><span lang="ES-AR" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"></span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><a href="http://geopoliticsrst.blogspot.co.at/2012/03/food-for-thought.html"><span lang="ES-AR">http://geopoliticsrst.blogspot.co.at/2012/03/food-for-thought.html</span></a><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;"><br /></span></span></b></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;">MAIN STREAM MEDIA INFLUENCE IN ARGENTINA</span></span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"> <a href="http://geopoliticsrst.blogspot.co.at/2011/10/impartiality.html">http://geopoliticsrst.blogspot.co.at/2011/10/impartiality.html</a><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></b></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;">THE CENTRAL BANK OF ARGENTINA BREAKS RANKS WITH NEO-LIBERAL BANKING POLICY AND TARGETS JOBS OVER LOWER INFLATION</span></span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><a href="http://geopoliticsrst.blogspot.co.at/2012/06/argentinean-central-bank-targets-growth.html">http://geopoliticsrst.blogspot.co.at/2012/06/argentinean-central-bank-targets-growth.html</a><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><br /></div></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">But URUGUAY also has BRAZIL next door, and the previously often erratic fortunes of their neighbor have been on the up over the past decade, especially when compared to poor performances in the 1980s and 1990s.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">URUGUAY, BRAZIL, ARGENTINA, PARAGUAY and VENEZUELA make up the common market trade pact Mercosur.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">It would be expected that URUGUAY, like CHILE, could benefit from being a small open economy opening up to other nations including its economically larger neighbors.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">But unlike CHILE, URUGUAY can’t sign up to an FTA with another country without the permission of its Mercosur partners.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">In fact, URUGUAY finds itself almost squeezed by the new divide in LATIN AMERICA.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;">LATAM PROTECTIONISM AND POPULIST POLITICS EMERGED PARTLY IN RESPONSE TO THE EXCESSES OF THE IMF’S POLICIES IN THE REGION (AND ELSEWHERE) DURING THE 1990's.<o:p></o:p></span></span></b></div><div class="MsoNormal" style="text-align: justify;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></b></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">The nations that have formed the Pacific alliance and look towards institutions like APEC — MEXICO, CHILE, PERU and COLOMBIA — have largely supported free trade and open economies, even when the global financial crisis of 2008 was at its worst.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">On the other hand, nations like ARGENTINA, VENEZUELA and BOLIVIA have supported protectionist and populist policies, partly in response to the excesses of the IMF’s policies in the region (and elsewhere) during the 1990s.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></div><div style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-element: para-border-div; padding: 1.0pt 4.0pt 1.0pt 4.0pt;"> <div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">Background Information</span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">: <b><span style="color: #134f5c;">IMF</span></b><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></b></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;">IMF AND ARGENTINA</span></span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><span style="color: #cc0000;"> </span><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><a href="http://geopoliticsrst.blogspot.co.at/2011/10/corporatocracy.html">http://geopoliticsrst.blogspot.co.at/2011/10/corporatocracy.html</a><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><a href="http://geopoliticsrst.blogspot.co.at/2011/08/imf-destroyer-of-nations.html">http://geopoliticsrst.blogspot.co.at/2011/08/imf-destroyer-of-nations.html</a><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><a href="http://news-these-days.blogspot.com/2011_08_01_archive.html">http://news-these-days.blogspot.com/2011_08_01_archive.html</a><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><a href="http://news-these-days.blogspot.com/2011/08/imf-on-trial.html">http://news-these-days.blogspot.com/2011/08/imf-on-trial.html</a><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><a href="http://news-these-days.blogspot.com/2011/07/imf-advice-to-europe.html">http://news-these-days.blogspot.com/2011/07/imf-advice-to-europe.html</a><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><a href="http://news-these-days.blogspot.com/2011/07/global-financial-monopoly-game-part-2.html">http://news-these-days.blogspot.com/2011/07/global-financial-monopoly-game-part-2.html</a><o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><br /></div></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxjSeQ59OgN4OWLhdtyphGibvEzWGIOlQtQ5OOffwH6ulmFuw4ryK2ODudS3nz1M_ixaKERqzJWa7_cca6v_Fztvg2BpxBz8-ZaZArBy8KahWlxTnIPfQPHhNwL6OEYH-iYABCfPVmL1uW/s1600/Uruguay-s-Location-uruguay-409086_810_1265.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxjSeQ59OgN4OWLhdtyphGibvEzWGIOlQtQ5OOffwH6ulmFuw4ryK2ODudS3nz1M_ixaKERqzJWa7_cca6v_Fztvg2BpxBz8-ZaZArBy8KahWlxTnIPfQPHhNwL6OEYH-iYABCfPVmL1uW/s400/Uruguay-s-Location-uruguay-409086_810_1265.jpg" width="255" /></a></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">The key question remains about the elephant in the room, BRAZIL, and which way it will lean.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">Most MEXICAN economists and business representatives claimed BRAZIL was already going down the protectionist path, particularly when it comes to MEXICAN industrial products.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">But the world is hoping BRAZIL will keep an open economy stance as it gains more economic weight on the global scale.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">In any case, URUGUAY may be keen to be seen as a “Pacific style” South AMERICAN nation in terms of philosophy.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">But with its geography tied down on the Atlantic side of the continent, wedged between ARGENTINA and BRAZIL, many URUGUAYAN businesses are concerned that, despite the existence of Mercosur, most of their goods and services get tied up in red tape in both BRAZIL and ARGENTINA.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">In some ways, URUGUAY is caught between its two large neighbors and finds it therefore difficult to shine. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">URUGUAY may no longer be “the SWITZERLAND of the southern hemisphere” as it was in 1870.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">But being the NEW ZEALAND of SOUTH AMERICA in the 21st century may suit URUGUAY just fine.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">And it would underscore URUGUAY’S commitment to openness, excellence, human capital development and occasionally being able to knock off larger players in football.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">In short, count on URUGUAY living up to its reputation as </span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;">“el país corajudo” — the plucky country.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: 'Times New Roman', serif; line-height: 107%;"><span style="font-size: x-small;"><br /></span></span></div><br /><div style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-element: para-border-div; padding: 1.0pt 4.0pt 1.0pt 4.0pt;"> <div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-family: 'Times New Roman', serif; line-height: 107%;"><span style="color: #444444; font-size: x-small;">Related Topics: <o:p></o:p></span></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-family: 'Times New Roman', serif; line-height: 107%;"><span style="color: #444444; font-size: x-small;"><br /></span></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="color: #444444; font-size: x-small;"><b><span style="font-family: 'Times New Roman', serif; line-height: 107%;">HEDGE FUND ELLIOTT MANAGEMENT, HEADED BY THE BILLIONAIRE PAUL E. SINGER VERSUS ARGENTINA:</span></b><span style="font-family: 'Times New Roman', serif; line-height: 107%;"><a href="http://geopoliticsrst.blogspot.co.at/2013/09/argentina-geopolitics-of-international.html">http://geopoliticsrst.blogspot.co.at/2013/09/argentina-geopolitics-of-international.html</a><o:p></o:p></span></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="color: #444444; font-size: x-small;"><br /></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="color: #444444; font-size: x-small;"><b><span lang="EN" style="font-family: 'Times New Roman', serif; line-height: 107%;">ELLIOT CAPITAL HEDGE FUNDS IS A CLIENT AND SHAREHOLDER OF FITCH RATING AGENCY </span></b><span style="font-family: 'Times New Roman', serif; line-height: 107%;"><a href="http://geopoliticsrst.blogspot.co.at/2013/02/argentinean-politics-under-claw-of.html">http://geopoliticsrst.blogspot.co.at/2013/02/argentinean-politics-under-claw-of.html</a><o:p></o:p></span></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><b><span style="font-family: 'Times New Roman', serif; line-height: 107%;"><span style="color: #444444; font-size: x-small;"><br /></span></span></b></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-size: x-small;"><b><span style="font-family: 'Times New Roman', serif; line-height: 107%;"><span style="color: #444444;">US COURT RULING ON ARGENTINE BOND DEFAULT- THE PARIS CLUB, USA AGRICULTURE COMPANIES, AND INTERNATIONAL FINANCIAL SPECULATORS “GRAB” FOR ARGENTINA</span></span></b><span style="font-family: 'Times New Roman', serif; line-height: 107%;"><o:p></o:p></span></span></div><div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-family: 'Times New Roman', serif; line-height: 107%;"><a href="http://news-these-days.blogspot.com.ar/2011/07/money-makes-world-go-round-and-politics.html"><span style="font-size: x-small;">http://news-these-days.blogspot.com.ar/2011/07/money-makes-world-go-round-and-politics.html</span></a><span style="font-size: small;"><o:p></o:p></span></span></div></div>

URUGUAY:

SOUTH AMERICA’S NEW- ZEALAND? Will tiny URUGUAY get squeezed between its two much larger neighbors, BRAZIL and ARGENTINA, or prove itself re...

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