Uruguay Country Profile

It established a buffer between the newly formed nations such as Brazil and Argentina. The country also came up with two political parties after a long regional strife (Oman, 2018). The two parties included the Colorado party that was associated with rich people and the national party that represented the poor. The country also experienced some rivalries with countries which formed a triple alliance, that is; Argentina, Brazil, and Uruguay to fight Paraguay. In the 19th century, the country was transformed into an agricultural state and also the Latin American established a first welfare state. Country’s Demographic Makeup According to the world back, the country has a population of around 3. 4 million. The population has been rising up each year according to the statics shown by the World Bank since 1960.

The population only showed slow development in the year 1970-1976 and 2000-2007 while other years have been always moving up quick. The population is formed of heterogeneous people, that is, most of the population that is found in the country is of the same kind in nature. The prime minister of the country is Mujica who was a senator before. The economic status in the country is found to be of the mixed system which gives people much freedom when it is combined with the compacted monetary planning and government parameter. The country is the associate of the common market at the south. When it comes to the open market, the trade is moderately important to Uruguay’s economy; by combing the imports and the exports in the country, it forms around 40% of the GDP.

The tariffs rage around 4. 804 which makes it be ranked at number 55 in the world. There are various factors that contribute to the development of the current index. The period that one is expected to be at school is about 15 years, life expectancy is at 77. 6 years, gross income at $19, 930, poverty raging at 0. 8 %, employment years being 59. Emerging Issue Economic challenges are one of the greatest factors that are impacting the country. For the new administration that is set to come in power on March 1, the greatest challenge will be to control the global commodities prices, growing tensions within the Mercosur trade among other factors that relate to the trade. When it comes to the exports, agriculture contributes a lot has it also covers the largest area in the country.

The country location has also done a key role in the republic developing itself from economic problems. The country is sandwiched between Brazil and Argentina which are also the major exports destinations for Uruguay products. It was believed that St. Lucia was discovered by the Columbus in 1502 but the recent data shows that they only sailed by European are also linked to the discovery of the country in the 1550s, by 1600, and the Dutch had arrived in the areas establishing a fortified base at Vieux Fort (Oman, 2018). The first attempt of colonization occurred in 1605 by an unfortunate party of English colonist. Due to the reduction of the party’s members, it was forced to quit. By the mid-century, French had arrived in the area and purchased the area through the use of the company and established large plantations of sugar.

Country’s Demographic Makeup St. Luis has a heterogeneous population, the reason being it has more than one group of people that live in the country. African American is the majority, followed by the whites, Latino of any race, Asians, two or more races and the Native Americans. Therefore, the country has diverse use of language. The population of the country was quickly growing the years of the 1840s to 1860s due to the high level of the immigrants that were coming to the country (Ratha, 2016). The housing meeting has seventeen chosen associates where the popular forms the administration. The country takes a period of five before conducting an election. The civil service is responsible to a minister of regime, typically a designated member of the house.

The control of the government has shifted two parties to form a trade union (CIA, 2014). The leader of government is Queen Elizabeth 2, exemplified by the governor-general who is selected by the Queen as her archetypal. The reason being the economy of the country depends on social factors such as income from vacation industry, banana assembly and some involvement of industrialized. Therefore, the greatest contribution to the economy is done through social factors. Recent Socio-Economic Performance The country is ranked at number 90 with an index of 0. The human development in the country has been contributed by factors such as health, education, income among others which are usually the key factors to be considered when coming up with a human development index. They affect the tread or the manner in which the index moves either positively or in a negative manner.

Bananas are the most grown agricultural products in the country, and also serving as the exports for the country. Therefore, the country is primarily an agricultural based in terms of economic. Emerging issues For every country to be successful in developments, its economic situation must be stable in a manner that no crisis in economic is being experienced. Saint Louis is one of the countries that is emerging and also leading in terms of financial services centers. The country is the third in the most concentrated market for investment advisors after the New York and Boston. Work cited CIA, CIA. "CIA world factbook. " Washington, DC: United States Central Intelligence Agency (CIA) (2014). Factbook, C. I.  Migration and remittances Factbook 2016. The World Bank, 2016.