Uruguay is a stable country with a strategic location that provides access to large markets in South America. It has a favorable business environment and strong macroeconomic indicators like consistent GDP growth averaging 6% annually between 2005-2011. Uruguay is politically and socially stable, ranking highly in indexes of democracy, transparency, and peace. It attracts a high level of foreign direct investment as a percentage of GDP, making it an attractive place to invest, live, and work.
The document summarizes Uruguay's investment promotion regime and opportunities. It highlights Uruguay's strategic location, modern infrastructure, political and economic stability, skilled workforce, and tax benefits for foreign investment. Major Japanese companies invested in Uruguay include Kirin Brewery and Toyota, attracted by its business-friendly policies and access to regional markets like Brazil and Argentina. The document promotes Uruguay as a platform for Japanese companies to invest and export throughout South America.
The document summarizes the IMF's projections for global economic growth in 2013 and 2014 from its January 2013 World Economic Outlook update. It finds that:
1) Global growth is projected to gradually increase in 2013 as factors slowing growth in recent years ease, but the recovery will be more gradual than previously expected.
2) While policy actions have reduced crisis risks in Europe and the US, growth remains weak in Europe and may be weaker than projected, with downside risks remaining significant.
3) Growth is forecast to increase modestly in the US and pick up in emerging markets, but contract further in Japan and remain weak in Europe overall.
Uruguay offers several advantages for companies offering outsourcing and export services, including:
- A suitable geographic, economic, political, and business environment, with a stable democracy and open market.
- An educated, multilingual population between the time zones of the US and Europe. Over a quarter of Uruguayans speak English.
- Initiatives like Plan Ceibal that provide computers and internet access to schools, improving digital literacy.
- Advanced infrastructure for business including reliable electricity, telecommunications networks, and internet connectivity. Wage costs are also reasonable compared to other countries in the region.
This document discusses approaches to designing internet-connected objects or things for the internet of things (IoT). It outlines three approaches: designing to extend existing products with connectivity, designing to comfort users by making technology invisible, and designing to disrupt by developing new product categories. Examples are given for each approach, such as Nike+ for extending and Ambiant Umbrella for comforting users. The document also discusses challenges like standards, privacy, security and creating delight for users in a retail environment.
1) The document discusses creativity outside traditional boundaries and introduces Alexandra Deschamps-Sonsino, CEO of Tinker.it!, who gave a TEDx talk on this topic.
2) It mentions Massimo Banzi and Arduino, an open-source hardware and software company that designs and manufactures microcontroller kits for building digital devices.
3) The document suggests that what is considered creative will continue to evolve as new technologies emerge and habits and expectations change, challenging traditional views of creativity.
Gartner confirms the 2008-09 financial crisis has triggered widespread adaptation of BPO and shared services by European countries and corporations. Presentation for the Shared Services and Outsourcing Exchange in Europe.
The document summarizes Uruguay's investment promotion regime and opportunities. It highlights Uruguay's strategic location, modern infrastructure, political and economic stability, skilled workforce, and tax benefits for foreign investment. Major Japanese companies invested in Uruguay include Kirin Brewery and Toyota, attracted by its business-friendly policies and access to regional markets like Brazil and Argentina. The document promotes Uruguay as a platform for Japanese companies to invest and export throughout South America.
The document summarizes the IMF's projections for global economic growth in 2013 and 2014 from its January 2013 World Economic Outlook update. It finds that:
1) Global growth is projected to gradually increase in 2013 as factors slowing growth in recent years ease, but the recovery will be more gradual than previously expected.
2) While policy actions have reduced crisis risks in Europe and the US, growth remains weak in Europe and may be weaker than projected, with downside risks remaining significant.
3) Growth is forecast to increase modestly in the US and pick up in emerging markets, but contract further in Japan and remain weak in Europe overall.
Uruguay offers several advantages for companies offering outsourcing and export services, including:
- A suitable geographic, economic, political, and business environment, with a stable democracy and open market.
- An educated, multilingual population between the time zones of the US and Europe. Over a quarter of Uruguayans speak English.
- Initiatives like Plan Ceibal that provide computers and internet access to schools, improving digital literacy.
- Advanced infrastructure for business including reliable electricity, telecommunications networks, and internet connectivity. Wage costs are also reasonable compared to other countries in the region.
This document discusses approaches to designing internet-connected objects or things for the internet of things (IoT). It outlines three approaches: designing to extend existing products with connectivity, designing to comfort users by making technology invisible, and designing to disrupt by developing new product categories. Examples are given for each approach, such as Nike+ for extending and Ambiant Umbrella for comforting users. The document also discusses challenges like standards, privacy, security and creating delight for users in a retail environment.
1) The document discusses creativity outside traditional boundaries and introduces Alexandra Deschamps-Sonsino, CEO of Tinker.it!, who gave a TEDx talk on this topic.
2) It mentions Massimo Banzi and Arduino, an open-source hardware and software company that designs and manufactures microcontroller kits for building digital devices.
3) The document suggests that what is considered creative will continue to evolve as new technologies emerge and habits and expectations change, challenging traditional views of creativity.
Gartner confirms the 2008-09 financial crisis has triggered widespread adaptation of BPO and shared services by European countries and corporations. Presentation for the Shared Services and Outsourcing Exchange in Europe.
Teia deEmpreendedores com impacto na sociedademinasinvest
O documento descreve uma iniciativa chamada Teias que tem como objetivo criar uma plataforma online para organizar, coordenar e divulgar negócios inovadores de uma rede de profissionais de diversos segmentos. A plataforma usará ferramentas da Web 2.0 para conectar as competências e projetos dos membros e viabilizar ideias e projetos de forma colaborativa.
MINASINVEST is an alliance of public, private, and academic organizations in Minas Gerais, Brazil committed to sustainable economic growth. It identifies strategic industries, attracts investment, and promotes business development through managerial skills and funding. MINASINVEST leverages members' initiatives and provides services to help clients with strategic insights, accelerating results, and network access. Its goal is to strengthen the economy by encouraging investment, innovation, and an optimal business climate.
O documento discute os princípios do Tao Te Ching aplicados à liderança criativa e inovação. Ele argumenta que líderes devem equilibrar ação e não-ação, movendo-se com a energia natural das coisas ao invés de controlá-las rigidamente. Também defende que valores tradicionais como humildade e harmonia não são incompatíveis com a modernidade e podem nutrir a inovação quando combinados com técnicas modernas.
O documento descreve uma iniciativa chamada Teia de Empreendedores com Impacto na Sociedade (TEIAS) que tem como objetivo (1) criar uma plataforma de mídia social para organizar, coordenar e divulgar negócios inovadores reunindo competências de uma rede de profissionais, (2) equipar e formar redes para o impacto social, (3) disponibilizar espaços e ferramentas de comunicação para engajar atores do ecossistema da inovação.
O documento descreve a decisão de tombar definitivamente um bem cultural localizado na rua Ceara, 1205 em Belo Horizonte por seu valor cultural e histórico. A casa de 74 anos mantém características arquitetônicas que refletem os modos de viver da cidade no início do século XX e é um dos últimos exemplares desse estilo na região.
O documento descreve o tombamento de um edifício localizado na Rua Ceará, 1205 em Belo Horizonte como patrimônio cultural. O edifício, construído há aproximadamente 74 anos, preserva características históricas e arquitetônicas que o tornam um valor simbólico e referência da cidade. O texto também apresenta planos para transformar o local em um espaço cultural que promova a inovação através da moda, cervejas artesanais e encontros entre pessoas.
O documento descreve o tombamento de um edifício localizado na Rua Ceará, 1205 em Belo Horizonte como patrimônio cultural. O edifício, construído há aproximadamente 74 anos, preserva características históricas e arquitetônicas que o tornam um valor cultural e referência para a memória da cidade. O documento propõe transformar o local em um espaço cultural chamado InovArte, promovendo encontros entre empreendedores dos setores da moda, cervejas artesanais e preservação do patrimôn
O documento descreve o tombamento de um edifício localizado na Rua Ceará, 1205 em Belo Horizonte como patrimônio cultural. O edifício data de aproximadamente 74 anos atrás e mantém características históricas e arquitetônicas importantes para a memória da cidade. O documento propõe transformar o local em um espaço cultural chamado Inovarte, voltado para a moda, cervejas artesanais e encontros com o objetivo de promover a inovação.
Plano Nacional de Desenvolvimento de Angola - 2013-2017minasinvest
O Plano Nacional de Desenvolvimento (PND) para 2013-2017 inicia um novo ciclo da história
e experiência do sistema de planeamento de Angola. De facto, é o primeiro plano de médio
prazo elaborado no quadro da nova Constituição do País e após a aprovação da Lei de Bases
Gerais do Sistema Nacional de Planeamento.
O documento descreve um espaço chamado LIBRA que conecta empreendedores e investidores do Brasil e Angola. LIBRA é mais do que um espaço de coworking, servindo também como um local para eventos, palestras e cursos sobre as relações entre os dois países. LIBRA também participará da FILDA, uma importante feira de negócios em Angola.
Q uadro jurídico do investimento privado em angola nacoes unidasminasinvest
O documento descreve o quadro jurídico do investimento privado na República de Angola. Apresenta a evolução histórica da legislação sobre investimento estrangeiro em Angola desde a independência em 1975 e as estratégias do governo para promover o investimento. Fornece também uma visão geral dos acordos internacionais e regionais sobre investimento assinados por Angola e exemplos de contratos celebrados entre investidores privados e o Estado angolano.
Este documento é a Lei no 20/11 de 20 de Maio, que estabelece as bases gerais do investimento privado na República de Angola. A lei define os princípios e o regime de acesso aos incentivos e outras facilidades a conceder pelo Estado a este tipo de investimento. A lei aplica-se a investimentos internos e externos superiores a USD 1 milhão e estabelece definições importantes como investidor privado, interno, externo e modalidades de investimento.
Este documento descreve a Teia de Empreendedores Inovadores (TEEIAS), uma plataforma online que conecta profissionais de diferentes áreas para compartilhar projetos inovadores. A TEEIAS usa ferramentas da Web 2.0 para organizar, coordenar e divulgar negócios sustentáveis com o objetivo de promover a inovação.
This document discusses a research project focused on Jatropha curcas and mycorrhizal fungi. The project aims to:
1) Create a germplasm bank of diverse J. curcas and mycorrhizal fungi accessions for biodiesel production.
2) Develop micropropagated J. curcas plants inoculated with mycorrhizal fungi to increase oil yields and productivity.
3) Eliminate the toxicity in J. curcas seed cake waste to allow its use as animal feed.
The project is led by BioVale Energia in partnership with universities and research organizations in Brazil.
Standard & Poor's raised Uruguay's long-term foreign and local currency sovereign credit ratings from 'BB+' to 'BBB-'. Uruguay's GDP grew 5.7% in 2011, though it slowed to 1.9% in the fourth quarter due to drought affecting electricity generation and maintenance at a state oil refinery. Several leading indicators suggest the economy will post positive growth in the first quarter of 2012.
Uruguay offers a high level of security, welfare, and pleasant weather. It has strong political and social stability supported by a consolidated democracy and legal system. The economy has grown in recent years, with GDP per capita reaching $12,000 in 2010. Uruguay ranks highly on indexes measuring prosperity, equal opportunities, and intellectual property protection. It has good infrastructure including ports, airports, roads, and telecommunications coverage, making it well positioned for trade.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Teia deEmpreendedores com impacto na sociedademinasinvest
O documento descreve uma iniciativa chamada Teias que tem como objetivo criar uma plataforma online para organizar, coordenar e divulgar negócios inovadores de uma rede de profissionais de diversos segmentos. A plataforma usará ferramentas da Web 2.0 para conectar as competências e projetos dos membros e viabilizar ideias e projetos de forma colaborativa.
MINASINVEST is an alliance of public, private, and academic organizations in Minas Gerais, Brazil committed to sustainable economic growth. It identifies strategic industries, attracts investment, and promotes business development through managerial skills and funding. MINASINVEST leverages members' initiatives and provides services to help clients with strategic insights, accelerating results, and network access. Its goal is to strengthen the economy by encouraging investment, innovation, and an optimal business climate.
O documento discute os princípios do Tao Te Ching aplicados à liderança criativa e inovação. Ele argumenta que líderes devem equilibrar ação e não-ação, movendo-se com a energia natural das coisas ao invés de controlá-las rigidamente. Também defende que valores tradicionais como humildade e harmonia não são incompatíveis com a modernidade e podem nutrir a inovação quando combinados com técnicas modernas.
O documento descreve uma iniciativa chamada Teia de Empreendedores com Impacto na Sociedade (TEIAS) que tem como objetivo (1) criar uma plataforma de mídia social para organizar, coordenar e divulgar negócios inovadores reunindo competências de uma rede de profissionais, (2) equipar e formar redes para o impacto social, (3) disponibilizar espaços e ferramentas de comunicação para engajar atores do ecossistema da inovação.
O documento descreve a decisão de tombar definitivamente um bem cultural localizado na rua Ceara, 1205 em Belo Horizonte por seu valor cultural e histórico. A casa de 74 anos mantém características arquitetônicas que refletem os modos de viver da cidade no início do século XX e é um dos últimos exemplares desse estilo na região.
O documento descreve o tombamento de um edifício localizado na Rua Ceará, 1205 em Belo Horizonte como patrimônio cultural. O edifício, construído há aproximadamente 74 anos, preserva características históricas e arquitetônicas que o tornam um valor simbólico e referência da cidade. O texto também apresenta planos para transformar o local em um espaço cultural que promova a inovação através da moda, cervejas artesanais e encontros entre pessoas.
O documento descreve o tombamento de um edifício localizado na Rua Ceará, 1205 em Belo Horizonte como patrimônio cultural. O edifício, construído há aproximadamente 74 anos, preserva características históricas e arquitetônicas que o tornam um valor cultural e referência para a memória da cidade. O documento propõe transformar o local em um espaço cultural chamado InovArte, promovendo encontros entre empreendedores dos setores da moda, cervejas artesanais e preservação do patrimôn
O documento descreve o tombamento de um edifício localizado na Rua Ceará, 1205 em Belo Horizonte como patrimônio cultural. O edifício data de aproximadamente 74 anos atrás e mantém características históricas e arquitetônicas importantes para a memória da cidade. O documento propõe transformar o local em um espaço cultural chamado Inovarte, voltado para a moda, cervejas artesanais e encontros com o objetivo de promover a inovação.
Plano Nacional de Desenvolvimento de Angola - 2013-2017minasinvest
O Plano Nacional de Desenvolvimento (PND) para 2013-2017 inicia um novo ciclo da história
e experiência do sistema de planeamento de Angola. De facto, é o primeiro plano de médio
prazo elaborado no quadro da nova Constituição do País e após a aprovação da Lei de Bases
Gerais do Sistema Nacional de Planeamento.
O documento descreve um espaço chamado LIBRA que conecta empreendedores e investidores do Brasil e Angola. LIBRA é mais do que um espaço de coworking, servindo também como um local para eventos, palestras e cursos sobre as relações entre os dois países. LIBRA também participará da FILDA, uma importante feira de negócios em Angola.
Q uadro jurídico do investimento privado em angola nacoes unidasminasinvest
O documento descreve o quadro jurídico do investimento privado na República de Angola. Apresenta a evolução histórica da legislação sobre investimento estrangeiro em Angola desde a independência em 1975 e as estratégias do governo para promover o investimento. Fornece também uma visão geral dos acordos internacionais e regionais sobre investimento assinados por Angola e exemplos de contratos celebrados entre investidores privados e o Estado angolano.
Este documento é a Lei no 20/11 de 20 de Maio, que estabelece as bases gerais do investimento privado na República de Angola. A lei define os princípios e o regime de acesso aos incentivos e outras facilidades a conceder pelo Estado a este tipo de investimento. A lei aplica-se a investimentos internos e externos superiores a USD 1 milhão e estabelece definições importantes como investidor privado, interno, externo e modalidades de investimento.
Este documento descreve a Teia de Empreendedores Inovadores (TEEIAS), uma plataforma online que conecta profissionais de diferentes áreas para compartilhar projetos inovadores. A TEEIAS usa ferramentas da Web 2.0 para organizar, coordenar e divulgar negócios sustentáveis com o objetivo de promover a inovação.
This document discusses a research project focused on Jatropha curcas and mycorrhizal fungi. The project aims to:
1) Create a germplasm bank of diverse J. curcas and mycorrhizal fungi accessions for biodiesel production.
2) Develop micropropagated J. curcas plants inoculated with mycorrhizal fungi to increase oil yields and productivity.
3) Eliminate the toxicity in J. curcas seed cake waste to allow its use as animal feed.
The project is led by BioVale Energia in partnership with universities and research organizations in Brazil.
Standard & Poor's raised Uruguay's long-term foreign and local currency sovereign credit ratings from 'BB+' to 'BBB-'. Uruguay's GDP grew 5.7% in 2011, though it slowed to 1.9% in the fourth quarter due to drought affecting electricity generation and maintenance at a state oil refinery. Several leading indicators suggest the economy will post positive growth in the first quarter of 2012.
Uruguay offers a high level of security, welfare, and pleasant weather. It has strong political and social stability supported by a consolidated democracy and legal system. The economy has grown in recent years, with GDP per capita reaching $12,000 in 2010. Uruguay ranks highly on indexes measuring prosperity, equal opportunities, and intellectual property protection. It has good infrastructure including ports, airports, roads, and telecommunications coverage, making it well positioned for trade.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
The Universal Account Number (UAN) by EPFO centralizes multiple PF accounts, simplifying management for Indian employees. It streamlines PF transfers, withdrawals, and KYC updates, providing transparency and reducing employer dependency. Despite challenges like digital literacy and internet access, UAN is vital for financial empowerment and efficient provident fund management in today's digital age.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
2. 2
Why invest in Uruguay?
1. Political and social stability
2. Macroeconomic strength
3. Strategic location and modern
infrastructure
4. Favorable business environment
3. 3
Uruguay has a privileged geographical
Strategic location and modern infrastructure
location…
Uruguay
A strategic location, with the best
connections to establish a
logistics base in the heart of the
richest region in the continent
4. 4
…with free access to a large market:
Strategic location and modern infrastructure
MERCOSUR
Indicators Uruguay MERCOSUR
Access to an increasing Population (million) 3.4 241
and large consumer
market due to our open Area (sq km thousands) 176.2 11,878
economy and our GDP 2011
46.7 2,991
integration to the (US$, billion)
MERCOSUR
GDP per capita 2011 (US$) 13,861 12,400
GDP growth rate
5.7% 3.7%
2011 (%)
Source: Uruguay XXI based on data provided by Central Banks and National Statistics Institutes
5. 5
Social and political stability
Uruguay in South Uruguay in the
Ranking
America World
Transparency of government policymaking
Social and political stability
2 20
(World Economic Forum 2012)
Democracy Index
1 17
(The Economist Intelligence Unit 2011)
Economic Freedom
2 29
(Heritage Foundation 2012)
Political Stability
1 49
(World Bank [WGI] 2010)
Index of political and economic transformation
1 4
(Bertelsmann Foundation 2012)
Global Peace Index
1 21
(Institute for Economics & Peace 2011)
Business Climate Index
1 --
(Getulio Vargas Foundation & IFO 2012)
Quality of Living
1 77
(Mercer Quality of Living City Ranking 2011)
6. 6
Uruguay’s sustainable growth
Uruguayan GDP (annual growth %)
8.9%
7.5%%
7.2%
Macroeconomic strength
6.5%
5.7%
Between 2005 and 2011
4.1% 4.0%
the average annual
2.4% growth rate was of 6%
2005 2006 2007 2008 2009 2010 2011 2012J
Uruguayan GDP per capita (PPP) US$
19,362
18,360
17,409
16,527
15,714
14,672
11,996
9,351 9,364
7,191
5,981
5,263
2005 2006 2007 2008 2009 2010 2011 2012J 2013J 2014J 2015J 2016J
Source: Uruguay XXI based on data provided by the Central Bank of Uruguay and the IMF (WEO September 2011)
7. 7
A country that generates and attracts more investment
FDI in South America (% of GDP - 2011)
7.1%
5.4%
4.1%% 4.1% 4.3%
2.4%
Macroeconomic strength
1.2%
Argentina Paraguay Colombia Brazil Peru Uruguay Chile
FDI in Uruguay
US$ million Leading sources and recipient sectors of FDI
3000 FDI/GDP (%) 10% 2001-2009
2500 FDI FLow FDI/GDP 23%
8%
Cattle raising,
agriculture and Construction
forestry 23%
2000 9% 25%
6%
1500 Manufacturing Financial
6% industry brokerage
12% 9%
4%
1000 5%
Trading
2% 5%
500 3%
0 0%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: Uruguay XXI based on data provided by Central Banks
8. 8
…with increasing exports…
14000
Exports of goods and services
12000 (US$ million)
Bienes Servicios
10000
8000
Macroeconomic strength
6000
4000
2000
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Exports of goods Exports of services
Other Meat Financial
21% 17% Other Other
services
company 3%
4%
services
Milling Soy 5%
products 10%
3% IT
5%
Fur, 3%
Wool, 3% Wood pulp
10%
Plastics, 3%
Logistics
Wood 19% Tourism
products 64%
Cereals
4%
10%
Automobiles Dairy
Auto parts products
6% 9%
Source: Uruguay XXI based on data provided by the DNA and BCU (Balance of Payments)
9. 9
…and increasing access to more markets
Macroeconomic strength
10. 10
Modern infrastructure
Strategic location and modern infrastructure
• World-class port facilities in Montevideo, an excellent regional hub for the
Southern Cone
• Uruguay has the most concentrated road network in Latin America
• New airport, new ring road in Montevideo and a new ferry port in Colonia
• Reliable electricity supply (mostly from renewable resources)
Quality of Electricity Supply (ranking)
New
USA Spain Uruguay Hungary Chile Italy Brazil Argentina Paraguay
Zealand
32 34 35 37 39 42 47 69 96 117
Source: World Economic Forum, Global Competitiveness Report 2010-11
11. 11
Leading country in communications
Strategic location and modern infrastructure
Mobile Argentina Chile Internet
telephone subscribers
subscribers (ranking)
(ranking) 19 53 Uruguay
Uruguay
Chile Brazil
26 56
Brazil Colombia
47 61
66 70
Source: World Economic Forum, Global Competitiveness Report 2011-12. Ranking for 142 countries
Uruguay is the most advanced country in Latin America according to the Information
and Communication Technology Index (ICT), developed by the International
Telecommunication Union in 2011
12. 12
Uruguay: A competitive country to do
business
Favorable business environment
The Global Competitiveness Index 2012
Highly
Competitive
Brazil Chile
Peru Uruguay
Colombia
Argentina
Ecuador
Bolivia Third place in South America
63rd position in the Global Ranking
Paraguay
Venezuela
Slightly
competitive
Source: Uruguay XXI based on The World Economic Forum, Global Competitiveness Index 2012
13. 13
High educational level
Favorable business environment
Tertiary Education Adults Literacy Rate
• The State provides free education up Enrollment (%)
to and throughout College and invests (ranking)
Ireland 99.0
4.5% of its GDP in education USA 6
Switzerland 99.0
• 100% of high school students have
Spain 18
UK 99.0
Argentina 21
completed at least three years of USA 99.0
English and two years of Computer Uruguay 25
Chile 98.6
Science Ireland 33
Uruguay 98.3
• 21% of university students are UK 36
Argentina 97.7
developing careers on Accounting, Chile 38
Finance and Business Administration Switzerland 51 Spain 97.7
• 17% of university students are Brazil 68 Paraguay 94.6
developing careers in Science and Paraguay 76 Brazil 90.0
Technology Source: The World Economic Source: United Nations, Human
Forum. The Global Development Reports 2011
Competitiveness 2011-12
14. 14
Highly competitive human resources
Comparison of net annual salaries: Total annual labor costs in Uruguay (US$):
Favorable business environment
Seamstress 6,600
Junior
12,200
mechanic
Systems
88,500
Manager
HHRR
89,000
Manager
Production
104,100
Manager
Financial
107,900
Manager
Business
114,200
Manager
Chief
192,600
Executive
Source: Uruguay XXI based on data from Advice and PwC, February 2012
15. 15
Investment Promotion
Complete legal framework for investments
Favorable business environment
• The State recognizes the important role of FDI and maintains a favorable business
environment
• Uruguay has a significant background for attracting investments in agriculture,
industry, services and infrastructure
• Investment Law (No. 16.906) – January 1998:
Foreign and domestic investors are treated under equal conditions
Prior authorization or registration are not required
There are no restrictions to capital transfers or profits abroad
• In 2008, the Government created a non-stop shop to assist investors by establishing
objective criteria for granting tax exemptions, this was successfully accomplished
through an efficient, transparent, simple and non-arbitrary mechanism
16. 16
Investment Promotion
Tax benefits
Favorable business environment
• Exemption from Corporate Income Tax* between 20% and 100% of the
invested amount and for a minimum period of three years, depending on the
evaluation of the project by a series of indicators
Indicators and weight coefficients
o Employment generation: 30%
o Territorial decentralization: 15%
o Increase in exports: 15%
o Cleaner production or Investment in R&D: 20%
o Sector Indicator: 20%
* Corporate Income Tax exists only at national level (25%)
17. 17
Investment Promotion
Calculating formula for the Corporate Income Tax benefit
Favorable business environment
• To be eligible for the benefit, companies must attain at least 1 point,
ensuring a floor of 20% exemption from Corporate Income Tax
Total weighted score Exemption
2 29%
4 47%
6 64%
8 82%
10 100%
18. 18
Investment Promotion
Other tax benefits
Favorable business environment
• Exemption of Wealth Tax on civil works for eight years in
Montevideo and ten years in other departments, and on fixed
assets throughout their life
• Exemption of Import Taxes and Fees on fixed assets, declared
non-competitive with the domestic industry
• 100% refund of VAT, on the domestic acquisition of materials and
services for civil works
19. 19
Industrial Parks
• The users of industrial parks are eligible for the benefits specified in Law
Favorable business environment
No. 16,906
• Additional benefits:
– The total weighted score will be increased by 15%
– They will have a 5-year tax credit for the employer’s social security
benefits of the new job positions created by the project
• At this moment there are three industrial parks with authorization:
– Parque Industrial Alto Uruguay
– Parque Industrial de Juan Lacaze
– Parque Industrial Zona Este
• The Parque Industrial Las Piedras will soon have authorization
20. 20
Investment Projects
Projects approved by the Commission for the Implementation of the Investment Law
(COMAP)
Favorable business environment
1429
1290
US$ million
1150 Projects approved by sector (2011)
1058
Agriculture
Number of projects Tourism 7%
852
10%
833
485
Services 30%
393
313
Commerce
295
32%
177
61 63 75
2005 2006 2007 2008 2009 2010 2011
In the last five years, the
amount of projects presented to Industry 21%
the COMAP multiplied by ten
21. 21
Temporary Admission
(similar to the drawback regime)
Favorable business environment
• Temporary Admission is the tax-free introduction of foreign
goods to the domestic market to be exported, in the state in
which they were introduced or after having been subject to
certain value added processes, with effective occupation of
labor.
• The Temporary Admission regime also applies to machinery
and equipment from any source, entering temporarily for
maintenance, repair or upgrade.
22. 22
Free Zones
• Users 100% exempt from:
Favorable business environment
• Corporate Income Tax (IRAE)
• Wealth Tax
• Import Tariffs
• Any other created tax, or that might be created in the future *
• Users may develop industrial, commercial or service activities
• Business parks focused on technology and services which operate
in Montevideo:
• Aguada Park
• Zonamérica
• Parque de las Ciencias
• WTC Free Zone
* Companies which operate under the free zone regime must pay social security taxes for
their Uruguayan employees.
23. 23
Free Ports and Airports
• Only free ports on South America’s Atlantic coast
Favorable clima de negocios
• Free transit of goods, no authorizations or formal procedures are
required
• Within port facilities, goods are exempt from:
o all import taxes or charges
o all domestic taxes (e.g. VAT)
• Services rendered are exempt from VAT
• Foreign registered companies are exempt from wealth tax and income tax
• Diverse operations may be performed on the merchandise, including
warehousing, repackaging, relabeling, classification, grouping,
ungrouping, consolidation, deconsolidation, manipulation or fractioning
as well as value adding tasks that do not modify the nature of the product
25. 25
In summary
These are exciting times for Uruguay:
• Our economy is growing
• Investments are flowing
• We are carrying out many innovative programs
26. Thank you!
URUGUAY XXI
www.uruguayxxi.gub.uy
invest@uruguayxxi.gub.uy