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Uruguay - Trade reform and economic efficiency (Английский)

The economy made considerable progress, and growth picked up, aided by the instability of neighboring Argentina. Then, in 1982, the need to service an accumulated foreign debt led to a financing crisis, and the government's emphasis shifted toward short-term stabilization policies. At stake were the gains from better resource allocation achieved through the 1974 reforms. However, beginning in 1985, new measures were taken to reduce protection and...
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