Costa Rica - Economy Overview

NameInstructor s NameSubject CodeDateEconomy Overview : rib RicaOutlineIntroductionForeign Exchange lay out SystemCurrent Exchange number : Trends and next ExpectationsMacroeconomic EnvironmentInflationUnemploymentInterest RateBalance of PaymentsMonetary polityBusiness cycleEconomic and business risksPolitical EnvironmentInfrastructure : Labor , Roads , telecommunication entanglement , net profit , land availabilityInternational Aid : IMF , WTOFocus on Telecommunication BasicsAssessment of Investment prospect in the Telecom Sector and presidential term Initiatives to Increase FDIEconomy Overview : costa RicaCosta Rica (Spanish for Rich Coast ) is a cragged republic in Central America . Costa Rica gained license in 1821from Spain Nicaragua bs Costa Rica from the north while navy man lies at the southerly boundaries . The c apital is San Josy , and the official language is Spanish (Webster s Encyclopedia 87According to Agustnn Carstens , representative Managing Director , IMF , Costa Rica has enjoyed a permanent economic process and crisis free economics for the past 20 yrs because of 4 features of its economic policy (i Strong fury of economic policy on human development and affectionate cohesion (ii ) stable macroeconomic policy (iii ) Trade liberalisation and (iv ) Structural adjustments (diversification from elementary baseThe verdant sector , which accounts for 14 of the gross domestic product and employs nearly half(a) the population . Costa Rica is the conception s second largest exporter of bananas . another(prenominal) agricultural exports include coffee (amongst the best in the world , peag , cut flowers and cattle . Industry accounts for 22 of gross domestic product . major industries include textiles and apparel production of electronic components , verbal expression materia ls , cementum and fertilizer and food proces! sing . Services work on up the remaining 64 (CIA Factbook ) Tourism is the largest foreign convert earner for the countryForeign Exchange Rate SystemA historical review of the sub step placement followed by Costa Rica shows that for the catamenia 1974-79 a furbish up rowlockged to the US clam was practiced .

and then for a picture period from 1980-82 a freewheeling put back stage system was adopted (Papaioannou 17 . However since 1983 to flowing year a crawling specify system is being followed , whereby the government adjusts the exchange rate by small common (daily ) amounts as the sense of balance changes (Sloman 731 . In October 2006 the Central chamfer of the country announced a shift from the crawling peg to the crawling resound regimen whereby the government will stop the colon to freely float within a band which was set at a narrow 3 , except subsequently widened . The government reserves the right to intervene in case the exchange rate moves beyond the band . A shift to the crawling peg regimes signals towards a more light trade policyCurrent Exchange Rate : Trends and Future ExpectationsThe Current aspersion Exchange Rate of the Costa Rican Colon against the US dollar mark is 492 .98 (Buy rate . Costa Rican Colones per US dollar - 519 .53 (2007 , 511 .3 (2006 , 477 .79 (2005 , 437 .91 (2004 , 398 .66 (2003 359 .82 (2002 . The Costa Rican Colon was consistently depreciating against the dollar over the 6 year time-period , in fact an abstract of the 17 year period between 1979-1996 shows...If you want to proceed a full essay, order it on our website: BestEssayCheap.com

If you want to! get a full essay, visit our page: cheap essay