It is interesting how the GDP of Uruguay has been on the rise as much as 5.6% as a once communist-leaning president turned the nation capitalist. As Central American countries saw economic downturn between 2013 and 2014, Uruguay pushed forward to cut regulation and taxes that would encourage business growth. What was once a starving nation of socialists has become a fine example of capitalism creating prosperity. A poverty rate of 36% in 2006 t0 9.7% in 2014 was a decline that did not falter even in the fiscal crash of 2008.
Uruguay was the first nation to legalize cannabis across the board. This bold move cut down on impairments and violence.