Uruguayan President Yamandú Orsi offered a rare promise in the region on September 22 in New York: rules that do not change with the political cycle. Before business leaders and investors at Americas Society/Council of the Americas (AS/COA), he presented a country that makes predictability its main competitive advantage.
Stability as a Strategic Asset
Orsi argued that confidence in Uruguay rests on three pillars: solid institutions, macroeconomic strength and social cohesion. He stressed that foreign investment receives the same treatment as domestic investment. He described continuity across governments of different political stripes as a "positive accumulation," according to the Office of the President of Uruguay.
That message carries added weight against the regional backdrop. The next day, at the United Nations headquarters in the same city, Venezuela's interim president, Delcy Rodríguez, said her country is undergoing a transition and that elections will be held. Eight months have passed since the capture of Nicolás Maduro. Washington maintains that the process requires rebuilding institutions and restoring the economy first.
In Brazil, the largest economy in Mercosur, citizen...