Uruguay : Trade Competitiveness Diagnostic
As a small economy, Uruguay’s growth and poverty reduction prospects are closely related to its performance in international markets. This report analyzes export dynamics in Uruguay over the period 2000-2013, benchmarking them against relevant comp...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/12/25515179/uruguay-trade-competitiveness-diagnostic-main-report http://hdl.handle.net/10986/23349 |
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okr-10986-23349 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
MERCHANDISE MONETARY POLICY EXPORT MARKETS ECONOMIC GROWTH MULTILATERAL TRADE WORLD TRADE ORGANIZATION PRODUCTION PRICE INCREASES LAGS UNDERVALUATION STOCK STRUCTURAL CHANGE INCOME REAL EXCHANGE RATES EXPECTATIONS INTEREST RATE SUPPLIER REAL GDP EXCHANGE GDP PER CAPITA LIQUIDITY EXPORTS DOMESTIC MARKET ELASTICITY FISCAL POLICY WELFARE GROSS VALUE INCENTIVES DEVALUATION DISTRIBUTION WORLD MARKETS VARIABLES MOV PRICE BENCHMARKS INPUTS TRADE FAIRS ITC PAYMENTS RISK AVERSE MARKET ACCESS FREE TRADE INFLATION MERCHANDISE TRADE TRENDS CENTRAL BANK DEVELOPMENT MACROECONOMIC CONTEXT MACROECONOMIC STABILITY PER CAPITA INCOMES LABOR MARKET FISCAL POLICIES TRADE BALANCE FEASIBILITY STUDIES COSTS PER CAPITA INCOME DEVELOPMENT ECONOMICS EXPORT GROWTH PRICE VOLATILITY FIXED COSTS SURPLUS PRODUCTS EXCHANGE RATES PRODUCTIVITY DEBT MARKETS WTO GROSS DOMESTIC PRODUCT PER CAPITA DIRECT VALUE POTENTIAL OUTPUT ECONOMIC SIZE INCOME LEVELS TRADE POLICY PRODUCT NATURAL RESOURCES AVERAGING GROSS DOMESTIC PRODUCT TRADE COMPETITIVENESS EXPORT MARKET COMMODITY PRICE TRADE POLICIES EXPENDITURE COMMON MARKET EXTERNALITY PRODUCTIVITY GROWTH VALUE ADDED SURPLUSES WAGES INTERNATIONAL TRADE VOLATILITY FAIRS PRODUCTIVITY INCREASES FINANCIAL CRISIS MERCHANDISE EXPORTS VALUE BENCHMARKING COMPETITIVENESS CREDIT TRADE DEFICIT PURCHASING POWER DEMAND AGGREGATE DEMAND EXPECTED VALUE EXPENDITURES ECONOMY AGRICULTURE CONSUMERS TARIFF BARRIERS SHARES DEMAND GROWTH MARKET BENCHMARK ACCESS TO MARKETS TRADE LIBERALIZATION ECONOMIC LAW TRADE DIVERSION BUSINESS CYCLES TAXATION TRADE ECONOMIC INTEGRATION GDP GOODS THEORY SUPPLY CHAINS MARKET SHARE GROWTH RATE BILATERAL TRADE INVESTMENT COMPARATIVE ADVANTAGE FINANCIAL MARKETS POSITIVE EXTERNALITY SUPPLY PURCHASING MARKETPLACE DECENTRALIZATION OVERVALUATION INVESTMENTS SUPPLIERS COMMODITY PRICES OUTCOMES INTERNATIONAL MARKETS WORLD MARKET POSITIVE EFFECTS PRICES PRODUCTION COSTS MERCHANDISE EXPORT |
| spellingShingle |
MERCHANDISE MONETARY POLICY EXPORT MARKETS ECONOMIC GROWTH MULTILATERAL TRADE WORLD TRADE ORGANIZATION PRODUCTION PRICE INCREASES LAGS UNDERVALUATION STOCK STRUCTURAL CHANGE INCOME REAL EXCHANGE RATES EXPECTATIONS INTEREST RATE SUPPLIER REAL GDP EXCHANGE GDP PER CAPITA LIQUIDITY EXPORTS DOMESTIC MARKET ELASTICITY FISCAL POLICY WELFARE GROSS VALUE INCENTIVES DEVALUATION DISTRIBUTION WORLD MARKETS VARIABLES MOV PRICE BENCHMARKS INPUTS TRADE FAIRS ITC PAYMENTS RISK AVERSE MARKET ACCESS FREE TRADE INFLATION MERCHANDISE TRADE TRENDS CENTRAL BANK DEVELOPMENT MACROECONOMIC CONTEXT MACROECONOMIC STABILITY PER CAPITA INCOMES LABOR MARKET FISCAL POLICIES TRADE BALANCE FEASIBILITY STUDIES COSTS PER CAPITA INCOME DEVELOPMENT ECONOMICS EXPORT GROWTH PRICE VOLATILITY FIXED COSTS SURPLUS PRODUCTS EXCHANGE RATES PRODUCTIVITY DEBT MARKETS WTO GROSS DOMESTIC PRODUCT PER CAPITA DIRECT VALUE POTENTIAL OUTPUT ECONOMIC SIZE INCOME LEVELS TRADE POLICY PRODUCT NATURAL RESOURCES AVERAGING GROSS DOMESTIC PRODUCT TRADE COMPETITIVENESS EXPORT MARKET COMMODITY PRICE TRADE POLICIES EXPENDITURE COMMON MARKET EXTERNALITY PRODUCTIVITY GROWTH VALUE ADDED SURPLUSES WAGES INTERNATIONAL TRADE VOLATILITY FAIRS PRODUCTIVITY INCREASES FINANCIAL CRISIS MERCHANDISE EXPORTS VALUE BENCHMARKING COMPETITIVENESS CREDIT TRADE DEFICIT PURCHASING POWER DEMAND AGGREGATE DEMAND EXPECTED VALUE EXPENDITURES ECONOMY AGRICULTURE CONSUMERS TARIFF BARRIERS SHARES DEMAND GROWTH MARKET BENCHMARK ACCESS TO MARKETS TRADE LIBERALIZATION ECONOMIC LAW TRADE DIVERSION BUSINESS CYCLES TAXATION TRADE ECONOMIC INTEGRATION GDP GOODS THEORY SUPPLY CHAINS MARKET SHARE GROWTH RATE BILATERAL TRADE INVESTMENT COMPARATIVE ADVANTAGE FINANCIAL MARKETS POSITIVE EXTERNALITY SUPPLY PURCHASING MARKETPLACE DECENTRALIZATION OVERVALUATION INVESTMENTS SUPPLIERS COMMODITY PRICES OUTCOMES INTERNATIONAL MARKETS WORLD MARKET POSITIVE EFFECTS PRICES PRODUCTION COSTS MERCHANDISE EXPORT Portugal, Alberto Reyes, Jose-Daniel Varela, Gonzalo Uruguay : Trade Competitiveness Diagnostic |
| geographic_facet |
Uruguay |
| description |
As a small economy, Uruguay’s growth and
poverty reduction prospects are closely related to its
performance in international markets. This report analyzes
export dynamics in Uruguay over the period 2000-2013,
benchmarking them against relevant comparator countries. It
looks at export outcomes through four different dimensions
of export performance: (1) the evolution, composition, and
growth orientation of the country’s export basket; (2) the
degree of diversification across products and markets; (3)
the level of sophistication and quality; and (4) the
survival rate of export relationships. The report offers a
number of hypotheses for an in-depth competitiveness
diagnostic of Uruguay’s external sector, as well as policy
recommendations to increase integration and to gain from it.
In addition to the real depreciation of the peso that
followed the crisis, the international prices of Uruguay’s
main export products soared. This stimulated investment in
technological improvements in the production of these
natural-resource-intensive products. Section one analyzes
the macroeconomic environment in which exporters operate in
Uruguay during the period of analysis. Section two looks at
level, growth, composition, and market share performance of
Uruguay’s exports, as well as the country’s main trading
destinations. Section three focuses on the diversification
of products and markets, considering several measures of
concentration, including the share of top five products and
markets in exports, and the Hirschman-Herfindahl index for
Uruguay’s export portfolio. Sections four and five address
quality and sophistication and survival, respectively. |
| format |
Report |
| author |
Portugal, Alberto Reyes, Jose-Daniel Varela, Gonzalo |
| author_facet |
Portugal, Alberto Reyes, Jose-Daniel Varela, Gonzalo |
| author_sort |
Portugal, Alberto |
| title |
Uruguay : Trade Competitiveness Diagnostic |
| title_short |
Uruguay : Trade Competitiveness Diagnostic |
| title_full |
Uruguay : Trade Competitiveness Diagnostic |
| title_fullStr |
Uruguay : Trade Competitiveness Diagnostic |
| title_full_unstemmed |
Uruguay : Trade Competitiveness Diagnostic |
| title_sort |
uruguay : trade competitiveness diagnostic |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/12/25515179/uruguay-trade-competitiveness-diagnostic-main-report http://hdl.handle.net/10986/23349 |
| _version_ |
1764453792879738880 |
| spelling |
okr-10986-233492021-06-14T10:19:18Z Uruguay : Trade Competitiveness Diagnostic Portugal, Alberto Reyes, Jose-Daniel Varela, Gonzalo MERCHANDISE MONETARY POLICY EXPORT MARKETS ECONOMIC GROWTH MULTILATERAL TRADE WORLD TRADE ORGANIZATION PRODUCTION PRICE INCREASES LAGS UNDERVALUATION STOCK STRUCTURAL CHANGE INCOME REAL EXCHANGE RATES EXPECTATIONS INTEREST RATE SUPPLIER REAL GDP EXCHANGE GDP PER CAPITA LIQUIDITY EXPORTS DOMESTIC MARKET ELASTICITY FISCAL POLICY WELFARE GROSS VALUE INCENTIVES DEVALUATION DISTRIBUTION WORLD MARKETS VARIABLES MOV PRICE BENCHMARKS INPUTS TRADE FAIRS ITC PAYMENTS RISK AVERSE MARKET ACCESS FREE TRADE INFLATION MERCHANDISE TRADE TRENDS CENTRAL BANK DEVELOPMENT MACROECONOMIC CONTEXT MACROECONOMIC STABILITY PER CAPITA INCOMES LABOR MARKET FISCAL POLICIES TRADE BALANCE FEASIBILITY STUDIES COSTS PER CAPITA INCOME DEVELOPMENT ECONOMICS EXPORT GROWTH PRICE VOLATILITY FIXED COSTS SURPLUS PRODUCTS EXCHANGE RATES PRODUCTIVITY DEBT MARKETS WTO GROSS DOMESTIC PRODUCT PER CAPITA DIRECT VALUE POTENTIAL OUTPUT ECONOMIC SIZE INCOME LEVELS TRADE POLICY PRODUCT NATURAL RESOURCES AVERAGING GROSS DOMESTIC PRODUCT TRADE COMPETITIVENESS EXPORT MARKET COMMODITY PRICE TRADE POLICIES EXPENDITURE COMMON MARKET EXTERNALITY PRODUCTIVITY GROWTH VALUE ADDED SURPLUSES WAGES INTERNATIONAL TRADE VOLATILITY FAIRS PRODUCTIVITY INCREASES FINANCIAL CRISIS MERCHANDISE EXPORTS VALUE BENCHMARKING COMPETITIVENESS CREDIT TRADE DEFICIT PURCHASING POWER DEMAND AGGREGATE DEMAND EXPECTED VALUE EXPENDITURES ECONOMY AGRICULTURE CONSUMERS TARIFF BARRIERS SHARES DEMAND GROWTH MARKET BENCHMARK ACCESS TO MARKETS TRADE LIBERALIZATION ECONOMIC LAW TRADE DIVERSION BUSINESS CYCLES TAXATION TRADE ECONOMIC INTEGRATION GDP GOODS THEORY SUPPLY CHAINS MARKET SHARE GROWTH RATE BILATERAL TRADE INVESTMENT COMPARATIVE ADVANTAGE FINANCIAL MARKETS POSITIVE EXTERNALITY SUPPLY PURCHASING MARKETPLACE DECENTRALIZATION OVERVALUATION INVESTMENTS SUPPLIERS COMMODITY PRICES OUTCOMES INTERNATIONAL MARKETS WORLD MARKET POSITIVE EFFECTS PRICES PRODUCTION COSTS MERCHANDISE EXPORT As a small economy, Uruguay’s growth and poverty reduction prospects are closely related to its performance in international markets. This report analyzes export dynamics in Uruguay over the period 2000-2013, benchmarking them against relevant comparator countries. It looks at export outcomes through four different dimensions of export performance: (1) the evolution, composition, and growth orientation of the country’s export basket; (2) the degree of diversification across products and markets; (3) the level of sophistication and quality; and (4) the survival rate of export relationships. The report offers a number of hypotheses for an in-depth competitiveness diagnostic of Uruguay’s external sector, as well as policy recommendations to increase integration and to gain from it. In addition to the real depreciation of the peso that followed the crisis, the international prices of Uruguay’s main export products soared. This stimulated investment in technological improvements in the production of these natural-resource-intensive products. Section one analyzes the macroeconomic environment in which exporters operate in Uruguay during the period of analysis. Section two looks at level, growth, composition, and market share performance of Uruguay’s exports, as well as the country’s main trading destinations. Section three focuses on the diversification of products and markets, considering several measures of concentration, including the share of top five products and markets in exports, and the Hirschman-Herfindahl index for Uruguay’s export portfolio. Sections four and five address quality and sophistication and survival, respectively. 2015-12-15T17:51:22Z 2015-12-15T17:51:22Z 2015-10 Report http://documents.worldbank.org/curated/en/2015/12/25515179/uruguay-trade-competitiveness-diagnostic-main-report http://hdl.handle.net/10986/23349 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study Economic & Sector Work Uruguay |