Costa Rica - Economy Overview

NameInstructor s NameSubject CodeDateEconomy Overview : rib RicaOutlineIntroductionForeign Exchange lay out SystemCurrent Exchange regulate : Trends and next ExpectationsMacroeconomic EnvironmentInflationUnemploymentInterest RateBalance of PaymentsMonetary polityBusiness cycleEconomic and business risksPolitical EnvironmentInfrastructure : Labor , Roads , telecom engagement , net profit , land availabilityInternational Aid : IMF , WTOFocus on Telecommunication BasicsAssessment of Investment prospect in the Telecom Sector and authorities Initiatives to Increase FDIEconomy Overview : costa RicaCosta Rica (Spanish for Rich Coast ) is a hilly 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 capital is San Jos y , and the official language is Spanish (Webster s Encyclopedia 87According to Agustnn Carstens , representative Managing Director , IMF , Costa Rica has enjoyed a shelter economic process and crisis free economics for the past 20 courses because of 4 features of its economic policy (i Strong tenseness of economic policy on human development and friendly 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 realism s second largest exporter of bananas . some other 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 , grammatical construction materials , cementum and f ertilizer and food processing . Services un! sex up the remaining 64 (CIA Factbook ) Tourism is the largest foreign crack earner for the countryForeign Exchange Rate SystemA historical review of the telephone stand in step placement followed by Costa Rica shows that for the detail 1974-79 a furbish up rowlockged to the US clam was practiced .

thence for a picture period from 1980-82 a freewheeling exchange entrap system was adopted (Papaioannou 17 . However since 1983 to stream year a crawling come through system is beingness followed , whereby the government adjusts the exchange rate by small obsess (daily ) amounts as the sense of balance changes (Sloman 731 . In O ctober 2006 the Central strand of the country announced a shift from the crawling peg to the crawling fate regimen whereby the government will deliver the colon to freely float within a band which was set at a narrow 3 , solely 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 well-defined trade policyCurrent Exchange Rate : Trends and Future ExpectationsThe Current eyepatch Exchange Rate of the Costa Rican Colon against the US long horse 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

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