International Term Paper

In: Social Issues

Submitted By atlxjulie
Words 1520
Pages 7
Julie Kim
Professor Ketata
BUSA 3000
10 April 2012
Uruguay for Foreign Direct Investment Uruguay is a country in the southeastern part of South America. It’s neighboring countries are Brazil on the right and Argentina on the left. The territorial size of Uruguay is 176, 215 square km with a population of 3,308,535 people (uruguayxxi.gub.uy). With its presidential system, Uruguay’s present president is José Mujica. In Uruguay, the political party is the representative democratic republic. The Uruguayan juridical system comprises a code of civil law based on the Spanish legal system. Uruguay’s economy remains dependent on agriculture and services (state.gov). The gross national income in PPP is $46.60884 billion and the gross national income per capita is $13,890. The major national resources in Uruguay are arable land, pastures, hydroelectric power, granite, marble, and fisheries. $6.7 billion (plus about $1.4 billion in exports of cellulose pulp and beverage concentrates from free trade zones): beef, soy, rice, wood, dairy products, and malt are the major products exported. Major markets of these exports include Brazil, China, Argentina, Russia, Venezuela, and the United States. $8.3 billion of crude oil, fuels, telephony equipment, computers and information technology equipment, agricultural machinery are the major producs imported. Major suppliers of these imports are Brazil, Argentina, China, Venezuela, and the United States. Uruguay is an associate member of Andean Community (CAN) which goal is to promote harmonious development through economic integration. Uruguay is also a member of Mercosur. The Uruguayan peso (UYU) is the name of the currency in Uruguay. The Uruguayan economy has no exchange restrictions. Transactions can be carried out in any currency, and can be freely exchanged locally (cia.gov). Uruguay is an attractive country for foreign direct…...

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