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xarsha_93 t1_j9yxtgw wrote

There are a few things playing in Uruguay's favor. One, it's tiny, it has a smaller population than the average capital city in Latin America, and two, most of the population stems from Europeans who came in the 20th century with investment money from Europe.

During the World Wars and whatnot, a lot of Latin America saw an influx of investment because Western Europe was a mess. Countries like Venezuela and Argentina also benefitted from that to varying extents, but Uruguay as a whole was completely changed by that process because the newcomers made up the majority of the population.

Buenos Aires underwent a similar process and if you took just Buenos Aires (which has about the same population as Uruguay), it would rank similarly.

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