[Script Info]
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[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.06,0:00:01.24,Default,,0000,0000,0000,,If you’re from Uruguay
Dialogue: 0,0:00:01.24,0:00:02.64,Default,,0000,0000,0000,,or have visited the country,
Dialogue: 0,0:00:02.64,0:00:04.73,Default,,0000,0000,0000,,your wallet has surely felt it.
Dialogue: 0,0:00:04.95,0:00:06.96,Default,,0000,0000,0000,,A recent study has stated
Dialogue: 0,0:00:06.96,0:00:08.54,Default,,0000,0000,0000,,it is not only the most
Dialogue: 0,0:00:08.54,0:00:10.27,Default,,0000,0000,0000,,expensive country in Latin America,
Dialogue: 0,0:00:10.27,0:00:11.90,Default,,0000,0000,0000,,but also one of the most expensive
Dialogue: 0,0:00:11.90,0:00:12.73,Default,,0000,0000,0000,,in the world.
Dialogue: 0,0:00:12.83,0:00:15.11,Default,,0000,0000,0000,,When the prices of about 600 products
Dialogue: 0,0:00:15.11,0:00:16.69,Default,,0000,0000,0000,,were compared between Uruguay and
Dialogue: 0,0:00:16.69,0:00:17.88,Default,,0000,0000,0000,,43 other countries,
Dialogue: 0,0:00:17.88,0:00:20.12,Default,,0000,0000,0000,,Uruguayan products were on average
Dialogue: 0,0:00:20.12,0:00:21.95,Default,,0000,0000,0000,,27% more expensive.
Dialogue: 0,0:00:21.95,0:00:23.35,Default,,0000,0000,0000,,They cost more than double
Dialogue: 0,0:00:23.35,0:00:24.75,Default,,0000,0000,0000,,than what they do in Bolivia,
Dialogue: 0,0:00:24.75,0:00:26.50,Default,,0000,0000,0000,,80% more than in Mexico,
Dialogue: 0,0:00:26.50,0:00:28.62,Default,,0000,0000,0000,,and 20% more than neighboring
Dialogue: 0,0:00:28.62,0:00:29.78,Default,,0000,0000,0000,,Brazil and Argentina.
Dialogue: 0,0:00:29.78,0:00:32.21,Default,,0000,0000,0000,,They were even more expensive than
Dialogue: 0,0:00:32.21,0:00:33.69,Default,,0000,0000,0000,,countries like France, Germany,
Dialogue: 0,0:00:33.69,0:00:34.79,Default,,0000,0000,0000,,or the United Kingdom.
Dialogue: 0,0:00:34.79,0:00:36.42,Default,,0000,0000,0000,,But what has led Uruguay to become
Dialogue: 0,0:00:36.42,0:00:38.16,Default,,0000,0000,0000,,one of the most expensive countries
Dialogue: 0,0:00:38.16,0:00:38.91,Default,,0000,0000,0000,,in the world?
Dialogue: 0,0:00:38.97,0:00:41.43,Default,,0000,0000,0000,,That’s what we explain in this video.
Dialogue: 0,0:00:42.56,0:00:44.52,Default,,0000,0000,0000,,Let’s begin by clarifying that Uruguay,
Dialogue: 0,0:00:44.52,0:00:46.44,Default,,0000,0000,0000,,with its 3.4 million inhabitants,
Dialogue: 0,0:00:46.44,0:00:49.35,Default,,0000,0000,0000,,is considered a high-income country.
Dialogue: 0,0:00:49.35,0:00:51.95,Default,,0000,0000,0000,,For example, it has one of the highest
Dialogue: 0,0:00:51.95,0:00:53.52,Default,,0000,0000,0000,,minimum wages in Latin America.
Dialogue: 0,0:00:53.72,0:00:55.01,Default,,0000,0000,0000,,According to Uruguay’s
Dialogue: 0,0:00:55.01,0:00:56.84,Default,,0000,0000,0000,,National Institute of Statistics,
Dialogue: 0,0:00:56.84,0:00:59.28,Default,,0000,0000,0000,,each Uruguayan household earns around
Dialogue: 0,0:00:59.28,0:01:01.25,Default,,0000,0000,0000,,$2,500 per month on average.
Dialogue: 0,0:01:01.45,0:01:03.14,Default,,0000,0000,0000,,The country also has the largest
Dialogue: 0,0:01:03.14,0:01:04.85,Default,,0000,0000,0000,,middle class in Latin America and
Dialogue: 0,0:01:04.85,0:01:06.80,Default,,0000,0000,0000,,the Caribbean, accounting for more than
Dialogue: 0,0:01:06.80,0:01:07.86,Default,,0000,0000,0000,,60% of its population.
Dialogue: 0,0:01:07.98,0:01:10.50,Default,,0000,0000,0000,,It also boasts a social protection system
Dialogue: 0,0:01:10.50,0:01:12.78,Default,,0000,0000,0000,,that has made it stand out in the region
Dialogue: 0,0:01:12.78,0:01:14.80,Default,,0000,0000,0000,,for its egalitarian society.
Dialogue: 0,0:01:15.00,0:01:16.20,Default,,0000,0000,0000,,According to the study,
Dialogue: 0,0:01:16.20,0:01:17.20,Default,,0000,0000,0000,,only nine countries
Dialogue: 0,0:01:17.20,0:01:18.98,Default,,0000,0000,0000,,Japan, Finland, Israel, Ireland
Dialogue: 0,0:01:18.98,0:01:20.66,Default,,0000,0000,0000,,Sweden, Denmark, Switzerland,
Dialogue: 0,0:01:20.66,0:01:23.74,Default,,0000,0000,0000,,Norway, Iceland, were more expensive.
Dialogue: 0,0:01:23.98,0:01:25.70,Default,,0000,0000,0000,,For hygiene and cleaning products,
Dialogue: 0,0:01:25.70,0:01:28.16,Default,,0000,0000,0000,,Uruguay is 58% more expensive than
Dialogue: 0,0:01:28.16,0:01:29.68,Default,,0000,0000,0000,,the average of other countries.
Dialogue: 0,0:01:29.87,0:01:31.81,Default,,0000,0000,0000,,For food and non-alcoholic beverages,
Dialogue: 0,0:01:31.81,0:01:33.40,Default,,0000,0000,0000,,it's 55% more expensive,
Dialogue: 0,0:01:33.40,0:01:35.62,Default,,0000,0000,0000,,and for IT and electronic products,
Dialogue: 0,0:01:35.62,0:01:36.99,Default,,0000,0000,0000,,43% more expensive.
Dialogue: 0,0:01:36.99,0:01:39.34,Default,,0000,0000,0000,,Uruguay has one of the most developed
Dialogue: 0,0:01:39.34,0:01:41.25,Default,,0000,0000,0000,,welfare states in Latin America.
Dialogue: 0,0:01:41.25,0:01:44.50,Default,,0000,0000,0000,,For instance, it invests 4.9% of its GDP
Dialogue: 0,0:01:44.50,0:01:47.02,Default,,0000,0000,0000,,in education and 6.5% in health—
Dialogue: 0,0:01:47.02,0:01:49.33,Default,,0000,0000,0000,,one of the highest rates in the region.
Dialogue: 0,0:01:51.22,0:01:53.33,Default,,0000,0000,0000,,One factor that influences the high prices
Dialogue: 0,0:01:53.33,0:01:55.93,Default,,0000,0000,0000,,of products is that Uruguay imports a
Dialogue: 0,0:01:55.93,0:01:57.69,Default,,0000,0000,0000,,long list of items, as they are
Dialogue: 0,0:01:57.69,0:01:59.93,Default,,0000,0000,0000,,not produced locally.
Dialogue: 0,0:01:59.93,0:02:02.96,Default,,0000,0000,0000,,And that list is long, as the country’s
Dialogue: 0,0:02:02.00,0:02:04.34,Default,,0000,0000,0000,,economy is largely based on
Dialogue: 0,0:02:03.88,0:02:06.00,Default,,0000,0000,0000,,livestock farming and agriculture.