Ignacio Munyo
Author
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29 Mar 2017
After a years of steep deterioration, Uruguay has managed to partially recover some of the ground lost after a historic fall in productivity. Despite this, a person working in Uruguay today reaches an average productivity slightly above 40% of the level they would achieve working in an advanced economy. How is this possible? What can be done? This paper sets out a potential explanation and suggests a line of action for further progress.