IntroductionModernization and other inventions have been dominating the current status of communities and societies. The present environmental situations give solutions to the worldwide necessities. Cooperation in the aspect of world communities has been the famous philosophy in the previous decades wherein sustainability and growth of countries are slowly gaining freedom from other nation's boundaries. Modernization of economies is the present development amongst companies and firms in its goal to maximize the stocks and gain greater revenues. However, this does not always happen particularly among underdeveloped nations that currently are not cooperative with the wealthier and modernized countries.
Nations like Uruguay that are not yet fully modernized have long been finding and searching ways and assets to improve the quality of life of their citizens. Uruguay, which is not considered as a third world nation, has been wishing of establishing financial strength that will guarantee the great quality of lives ahead for their people.
Currently, Uruguay pins their hopes in the potential entry of businessmen and multinational companies that give funding for various enterprises, giving the Uruguay people job opportunities within their communities. In the previous years, the world has seen a developing worry and anxiety among countries to help Uruguay and/or nations by maximizing international loans and the reduction of deficits. The consequence of this calamity has established the necessity for all nations in the globe to make initiatives to empower Uruguay in becoming a progressive country (Bao, 2002).
This research illustrates studies and analysis concerning the usual support initiatives being provided by other countries to improve the financial stability and social welfare of Uruguay. The analysis involve the history of Uruguay, their mandated social welfare operations, their driving power and the effects of their initiatives in stabilizing the status of their social welfare.
Uruguay as a...