El ciclo económico del Uruguay, 1998-2012

The paper studies the main features of the economic cycle 1998-2012 in Uruguay. It states that, in spite of very positive and promising results, there still persists a set of structural problems that inhibits us to conclude that Uruguay had broken with the long-run trends of low economic dynamics. The paper also studies changes in the productive structure and the structure of exports, concluding that no significant structural changes took place., which is in line with the idea of the persistence of historical structural features. Finally, the papers tackles the applied productive policies and its relation with the discussed results, concluding that significant progress was made in the policy development and capability building, but that there still exist important weaknesses necessary to be over won in order to improve the prospects for development.