| Since 1974, Uruguay has adopted an export-led growth strategy of deployment. Macroeconomic policies implemented toward this general objective have achieved impressive results in improving the general economic situation of the country. Increases in nontraditional manufactured exports have been largely responsible for the improvement in the overall growth performance and have brought about a substantial diversification of the export structure. Soybeans have also appeared recently as another nontraditional potentially exportable agricultural product. However, soybean production in Uruguay has not developed enough to make soybean exports an important and permanent source of foreign exchange. Given the need to diversify the export structure of the country,... |
