Costa Rica And Its Effects On The Economy - 941 Words

Costa Rica was home to by an estimated four hundred thousand Indians when Columbus found it in 1502. The Spanish began their conquering of the country in 1524. The region grew very slow and was governed as a Spanish province. Costa Rica took their independence in 1821 but was engrossed for two years by the Mexican empire. It became a republic in 1848. It was ruled by the dictator Tomà ¡s Guardia from 1870 to 1882 with the help of his massive army. (Costa Rica, 2014) Since then, Costa Rica has enjoyed one of the most democratic governments in Latin America. In the 1970s the price of oil went up, international prices skyrocketed above the normal tier, and inflation hurt the fragile economy. Efforts have since been made to reduce the countries reliance on coffee, banana, and beef exports. Tourism is now one of the most lucrative markets in Costa Rica. With a Spanish speaking population of 4,814,144, Costa Rica s stable economy, political stability, high living standards, and developed social systems set it apart from other countries in Central America. The Costa Rican government hasn’t shied away from investing in it’s population through social spending. Costa Rica has made incredible development toward accomplishing its goal of delivering widespread access to schooling, healthcare, clean water, trash disposal, and energy. (The World Fact Book, 2016) Since the 1970s, growth of these service industries has led to a speedy regression in infant death, longer life expectancy, andShow MoreRelatedCosta Rica And Its Effects On The Economy1035 Words   |  5 PagesCosta Rica was home to by an estimated four hundred thousand Indians when Columbus found it in 1502. The Spanish began their conquering of the country in 1524. The region grew very slow and was governed as a Spanish province. Costa Rica took their independence in 1821 but was engrossed for two years by the Mexican empire. It became a republic in 1848. It was ruled by the dictator Tomà ¡s Guardia from 1870 to 1882 with the help of his massive army. (Costa Rica, 2014) Since then, Costa Rica has enjoyedRead MoreTaking a Look at Ecotourism855 Words   |  3 PagesEcotourism is the activity of going to natural environments and enjoying what it has to offer such as breath taking scenery and wildlife. Home to approximately four million people (â€Å"Costa Rica†), Costa Rica is known for being one of the most bio-diverse areas in the world which leads to the popularity of ecotourism in the country. There is a growing demand of eco-tourists and this country is able to fulfill the market. The developing country has much to offer such as rain forests, natural parks,Read MoreA Case Study Of Costa Ricas Monetary Policy Through The Identification And Estimation Of Its Money Demand Function1626 Words   |  7 Pagesweight for the economy as a whole. In Central America, the reserve banks of the CADR bloc (Costa Rica, Dominican Republic, Guatemala, Honduras, and Nicaragua) have r ecently adopted inflation-targeting regime with short-term interest rates as the primary instrument. However, the effectiveness of the bloc’s interest-rate transmission mechanism is lower compared to that of the benchmark group of six South American countries (Medina Cas et al. 2011a). This paper provides a case study of Costa Rica’s monetaryRead MoreHow Is Economic Development Different Than Economic Growth?1242 Words   |  5 Pageslearned in the case of Brazil and Costa Rica, some numbers can be far more important than others. Even if your country is experiencing phenomenal economic growth, its people may be suffering. In many cases, economic development is needed before economic growth can make a real difference. High economic growth can even hurt the people, especially those in poverty, if the country has not reached a certain level of economic development. This analysis of Brazil and Costa Rica seeks to define, compare, andRead MoreEconomics Of Latin Americ Costa Rica3079 Words   |  13 PagesHillard 04/21/2015 Economics of Latin America: (Costa Rica) Costa Rica is bordered by Nicaragua and Panama in the Northwest part of Latin America. The population is 4.77 million as of December 2014, with an unemployment rate of 10 percent. The currency for Costa Rica is the Costa Rica Colon (CRC) and the exchange rate to the dollar is 539.3 2014 CRC per US dollar (WFB). Although their economy is growing, with a 5 percent growth rate in 2006, Costa Rica s public infrastructure has been a huge problemRead MoreIntels Training For Engineering And English As A Second Language1636 Words   |  7 Pagesjobs and tax revenue to Costa Rica. The company went a step further and developed the education system in a myriad of ways. This was also advantageous for Intel’s interests. Initially, Intel was concerned that Costa Rica did not have enough skilled professionals to work in its new assembly and testing facility. In order for the plant to be fully operational Intel would need to employ 1500 Costa Rican technicians (Cabrera Unruh, 2012). Intel r eceived authorization from the Costa Rican government toRead MoreCentral America Free Trade Agreement1242 Words   |  5 PagesAmerica Free Trade Agreement, later on in the negotiation process the Dominican Republic joined to make CAFTA-DR. The original countries that made up CAFTA were Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua with the Dominican Republic joining forces later on. CAFTA was coupled together with NAFTA and the Canada-Costa Rica Trade Agreement separating them from the Free Trade of the Americas Agreement otherwise known as, FTAA. (WIKI) While separating from other trade agreements the mainRead MoreThe Reverse Resource Curse : Costa Rica Essay1803 Words   |  8 PagesThe Reverse Resource Curse The Republic of Costa Rica is a small nation; it is home to just over 4.8 million people in an area roughly comparable to Vermont and New Hampshire combined. The land that comprises modern Costa Rica is significantly lacking in terms of ‘classical natural resources,’ that is, fossil fuel deposits, and precious metals, among others. Sections of the nation that do contain such deposits are often protected national forests, or in some cases purposefully undeveloped. Thus,Read MoreCosta Rica: The Accidental Green Tourist3597 Words   |  15 PagesGeneral Problem/Issue Costa Rica is labeled as one of the green countries in the world. It has faced its fair share of environmental concerns going back to when it was the number one producer of beef for McDonald’s in the 1970s. The country experienced extreme deforestation as a result of the increased cattle grazing. Since then, Costa Rica has managed to move away from deforestation through efforts of forest conservation, nature reserves, and national parks. It has used ecotourism as a tool, andRead MoreTourism Planning5855 Words   |  24 Pageshow ecotourism is marketed, this report studies the ecotourism prospects in Costa Rica. It also examines elements impacting this specific type of niche which considers the consistent alterations to make the destination more sustainable for tourists. This report will firstly focus on understanding the concept of ecotourism and the principles implemented. This leads on to discussion for focusing on the case study of Costa Rica and how it has developed into an ecotourism destination. Furthermore, a critical