As the capital of Uruguay, Montevideo is the economic and political centre of the country. Most of the largest and wealthiest businesses in Uruguay have their headquarters in the city. Since the 1990s the city has undergone rapid economic development and modernization, including two of Uruguay's most important buildings—the World Trade Center Montevideo (1998), and Telecommunications Tower (2000), the headquarters of Uruguay's government-owned telecommunications company ANTEL, increasing the city's integration into the global marketplace.