via FT.com
Industry insiders say that, for Uruguay to compete globally, it must reconcile itself to two things. First, that the economy should focus on services. “We are a country of services but we don’t want to understand that,” fulminates one veteran Punta del Este manager, whose bar is still pumping out reggae music despite the total absence of customers. He will be reluctantly closing for the off-season because high water and electricity rates make a year-round operation untenable.
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