Saturday, December 28, 2013

The Economist’s country of the year: Uruguay

The Economist’s country of the year: Uruguay

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Gay marriage is one such border-crossing policy, which has increased the global sum of human happiness at no financial cost. Several countries have implemented it in 2013—including Uruguay, which also, uniquely, passed a law to legalise and regulate the production, sale and consumption of cannabis.

Better yet, the man at the top, President José Mujica, is admirably self-effacing. With unusual frankness for a politician, he referred to the new law as an experiment. He lives in a humble cottage, drives himself to work in a Volkswagen Beetle and flies economy class. Modest yet bold, liberal and fun-loving

Other considerations:

Readers might expect our materialistic outlook to point us to simple measures of economic performance, but they can be misleading. Focusing on GDP growth would lead us to opt for South Sudan, which will probably notch up a stonking 30% increase in 2013—more the consequence of a 55% drop the previous year, caused by the closure of its only oil pipeline as a result of its divorce from Sudan, than a reason for optimism about a troubled land. Or we might choose a nation that has endured economic trials and lived to tell the tale. Ireland has come through its bail-out and cuts with exemplary fortitude and calm; Estonia has the lowest level of debt in the European Union. But we worry that this econometric method would confirm the worst caricatures of us as flint-hearted number-crunchers; and not every triumph shows up in a country’s balance of payments.

The Economist

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