GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser’s prices is the sum of gross value added by…
Uruguay’s eccentric President, José Mujica, recently stated that even though marijuana is still underground in the nation of just over three million people, "you can smell it everywhere." Recent legislation aims to normalize and legalize the substance. On the last day of July, Uruguay’s lower house, known as the "Chamber of Deputies," approved legislation to…
Uruguay’s colorful president, José Mujica, was caught speaking making a candid, and decidedly undiplomatic observations by a hot mic, regarding Argentina’s president and her late husband, during a radio interview on April the 4th. Tensions between Argentina and Uruguay have been on the rise, due to protectionist rules put in place by Cristina Fernández, intended…
Uruguay is a tiny nation on the Atlantic sandwiched between a behemoth to the north (Brazil), and Argentina to the south. Argentina has twelve times the population of Uruguay, sitting on a land mass fifteen times larger. And so, the decision last Monday by the government of Cristina Fernández in Argentina to raise taxes on most tourism…
Despite the fact that the indigenous people in the Americas made alcoholic beverages before European grapes were imported by the Conquistadors, the local vitis genus of grapes were never used to make wine. The first known attempt to grow vines for wine began in Hispaniola after Columbus’ second voyage in 1594. Since then, viticulture spread across the…
With an improbably unconventional and checkered past straight out of a Hollywood script, Uruguay’s president, José Mujica, has not dropped his eccentric lifestyle.
Chile now ranks higher than the United States, and all of Central and South America according to the annual Index of Economic Freedom, produced by The Heritage Foundation, which has tracked economic freedom around the world for over a decade. According to the data compiled for this year’s rankings, Chile moved to number 7 on the…
Mercosur is a full customs union encompassing Argentina, Brasil, Paraguay y Uruguay. On Tuesday, the 31st of July, Venezuela joined that group making it one of the largest economies in the world at an estimated $3.3 trillion dollars. Recently, a similar economic agreement made up of largely western countries (Mexico, Chile, Peru and Colombia) named…
On Friday, the Constitutional Court of Colombia approved a proposal from the government to decriminalize small amounts of marijuana, and also included cocaine as a narcotic permissible for personal use. Defense Minister Eleuterio Fernández Huidobro recently submitted a plan to the government a plan to legalize the sale of marijuana in Uruguay through government controlled…
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