This website uses cookies to ensure you have the best experience. Learn more

Fdi Attraction Of Costa Rica Essay

3459 words - 14 pages

Bộ Giáo dục và Đào tạo
TRƯỜNG ĐẠI HỌC NGOẠI THƯƠNG

COSTA RICA
A brief study on public FDI facilitation
by means of trade agreements and
trade liberalization

Nguyen Phuong Khanh Tung

Student ID: 0951040062

------------------------------

Costa Rica: A brief study on public FDI facilitation by means of trade agreements and future political adjustments.

Abstract
Being probably the most economically-advanced countries within the region of Central America, Costa Rica is a very interesting example of a how a developing country would manage and regulate its economic growth and stability, much thanks to its unique regime to attract and allocate FDI efficiently. Despite having ...view middle of the document...

The process of trade liberalization in Costa Rica started in the mid 1980’s and ever since has delivered positive results in terms of economic growth and a more robust and diversified production structure, particularly after the negotiation of several Preferential Trade Agreements (PTAs). This process has been complemented with a strategy to boost the attraction of FDI, thus allowing for further diversification of Costa Rica’s export portfolio, particularly of high-tech manufactured goods. In the last three decades, FDI has led to increased exports in knowledge-intensive sectors. The number of jobs created by FDI rose from 7 758 in 2003-05 to 34 385 in 2009-11. Costa Rica has also achieved exports’ sophistication, ranking today close to Croatia and Norway, but still below Malaysia.
FDI has also acted as a demand-push for improving education and training and has fostered knowledge adoption (at the level of workers, management and production), thus improving the business environment in the country. While the United States remains the most relevant investor for Costa Rica, the number of source markets for FDI rose from 8 in 2005 to 18 in 2009, including emerging markets such as China. Foreign companies in Costa Rica have recently been upgrading their business towards more knowledge-intensive activities, including software design and R&D. In order to accommodate this movement, the government is adopting a more selective approach to FDI attraction, with stronger focus on enterprise in the high-tech, high-grossing sectors. These two trends have contributed to creating incipient industrial clusters in business services, medical devices and advanced manufacturing.

II. Trade liberalization regime and trade agreements of Costa Rica and effects on the influx of FDI
Thanks to a strong course of political leadership since the early 1950’s, Costa Rica has been trailing the right path towards creating a diverse and dynamic economy; with one of the first step being gradual phases of trade liberalization. Even before the WTO was established, Costa Rica has actively participated in both multilateral and bilateral negotiations, and actually one of the countries that sparked the idea on the important implications of these political mutual commitments. This proves that the Costa Rican government had an early intention of constructing a sustainable and ever-growing economy, as PTAs allow for a deeper and faster liberalization of trade with certain strategic partners, it is worth having and strengthening multilateral rules that provide for security and predictability to trade, an efficient and reliable dispute settlement mechanism to enforce such rules, as well as a forum for multilateral negotiations towards further trade liberalization.
Starting from the mid 1980’s, the course of action for trade liberalization by Costa Rica was largely welcomed by a number of high-profile partnering countries, most notably the United States, Canada, Spain and...

Other assignments on Fdi Attraction Of Costa Rica

The Self-Respect Of Nations Essay

962 words - 4 pages themselves. We respect countries and people who respect themselves. Costa Rica is truly a tiny country, but it eliminated its military, developed peaceful relations with its neighbors, and is by far the most prestigious country in its neighborhood. Botswana, considerably the richest black state in Africa, even used its adversity during a drought to make itself still richer, but had a unified proud country pulling with it. Recently, we have

Narrative Essay

945 words - 4 pages , internship, and entrepreneurial opportunities. While interning with a private organization in Ecuador, I developed a 15-page marketing plan composed in Spanish that recommended more effective ways the company could promote its services. I also traveled abroad on two other occasions in which I researched the indigenous culture of the Mayan Indians in Todos Santos, Guatemala, and participated in a total-language-immersion program in Costa Rica. As

Fishdance Restaurant Case Study

540 words - 3 pages . Originally designed accidentally for a competition, Fishdance has become a popular tourist attraction along Kobe’s waterfront and has become one of Gehry’s first architectonic forms amidst his early fish metaphor days. In Isenberg’s (2009) book, she discusses with Gehry that during the mid-eighties he met with a client who asked him to produce fish sketches upon a napkin which can be seen in Figure 1. After many miscontrusions during the design

Term Honda

2033 words - 9 pages , Australia, Austria, Belgium, Bolivia, Brazil, Costa Rica, Cyprus, Fiji, Greece, Luxembourg, Peru, Nauru, Singapore, Switzerland and Uruguay. Of these, the older and more developed democracies, such as Australia, Belgium, Costa Rica, Cyprus, Greece and Luxembourg, have maintained a serious commitment to the to institutionalize the compulsory voting law. Compulsory voting was introduced in Australia in 1924 by an appointed senator by the name

Cold Seep

1095 words - 5 pages coast of Costa Rica, in the Atlantic off of Africa and in waters off the coast of Alaska. The deepest seep community known is found in the Japan Trench at a depth of 7,326 m (24,035 ft). With the recent discovery of a methane seep in the Southern Ocean, methane seeps are now known in all oceans. Cold seeps are patchily distributed and they occur most frequently near ocean margins from intertidal to hadal depths. Methane seeps are common along

Kis Emak

1148 words - 5 pages , Grand Hyatt Kuala Lumpur in Malaysia, Hyatt Regency Chongqing in China, and our first select service hotels outside the United States in Costa Rica and India. Toward the end of 2012 and in early 2013, we announced plans for further expansion, including the conversion of five existing hotels in India and four prominent hotels with long operating histories in France. Our executed contract base is higher than it has ever been, which reflects

Blood Bananas: Chiquita In Columbia Case

3708 words - 15 pages bribes carried out by the company. [3] Subpoenas were also issued regarding possible payoffs in Italy, West Germany, Panama and Costa Rica. [4] In May of 1998, The Cincinnati Enquirer published a series of articles that exposed Chiquita's still-questionable business practices. The articles, written by Mike Gallagher and Cameron McWhirter, reported cases in which the company used tactics including "bribery, abusive corporate control in Honduras

Capital Punishment

1759 words - 8 pages many jurisdictions limited imposition of the death penalty, no government had formally abolished capital punishment until Michigan did so in 1846. Within 20 years Venezuela (1863) and Portugal (1867) had formally eliminated the practice as well. By the beginning of the 20th century the death sentence had been abolished in a handful of nations, such as Colombia, Costa Rica, Ecuador, Norway, and The Netherlands. Although not formally eliminated, it

Starbucks

2717 words - 11 pages lately incremental foreign investment proves that India is an attractive destination of Trans-national Companies (TNCs). Based on these fundamental economic overviews, Indian market appears very attractive to as well as possess favourable elements for Starbucks to expand its business scale. Industry Outlook: The retail environment In early 2006, the Indian government permitted FDI up to 51% in retail brand of single brand products with prior

Hofstede-Culture Dimension

9257 words - 38 pages 40 41 42/44 42/44 42/44 45 46 47/48 47/48 49 50 51 52 53 Country or region South Korea Iran Taiwan Spain Pakistan Japan Italy Argentina South Africa Jamaica USA Canada Netherlands Australia Costa Rica Germany Great Britain Switzerland Finland Norway Sweden Ireland (Republic) New Zealand Denmark Israel Austria PDI score 60 58 58 57 55 54 50 49 49 45 40 39 38 36 35 35 35 34 33 31 31 28 22 18 13 11 6 POWER DISTANCE Key Differences

Crime Against Elderly

7543 words - 31 pages there are less developed countries that had adopted some measures, but few programmes have been established. In these countries the issue of elder abuse are handled by governmental or nongovernmental agencies but most of the time the representatives involved are not aware about the subject. However Costa Rica is the only exception among less developed countries that have adopted stringent policies to manage the issue on elder abuse. (Gilliland N

Similar Documents

Business In Other Countries Essay

1529 words - 7 pages pyramid. According to Trade Economics (2015), the per capita GDP's for our countries sit at: Japan- $37,595.18, Costa Rica- $5,962.38, and Pakistan- $818.87. Out of the three, the best country to go sell to is Japan if we are solely basing this on affordability. Costa Rica is in the second tier as preferred, but cutting it close to the base of the pyramid. Pakistan may not necessarily be able to afford our product as they sit at the base

Panama Essay

296 words - 2 pages Panama (i/ˈpænəmɑː/ pan-ə-mah; Spanish: Panamá), officially the Republic of Panama (Spanish: República de Panamá [reˈpuβlika ðe panaˈma]), is the southernmost country of Central America. Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean to the north and the Pacific Ocean to the south. The capital is Panama City. Explored and settled by the Spanish in the

Global Challenges In It Essay

409 words - 2 pages Trade Agreement (CAFTA) are other examples. Others include the Australia–United States Free Trade Agreement and agreementsbetween Bolivia and Mexico, Canada and Costa Rica, Canada and Israel, Chileand Korea, Mexico and Japan, the U.S. and Jordan, and many others. |

Mr. Korede Essay

1581 words - 7 pages Change to your time 14 Jun 2014 - 13:00 Local time Group C Estadio Mineirao Belo Horizonte Colombia Greece 13:00 14 Jun 2014 - 16:00 Local time Group D Estadio Castelao Fortaleza Uruguay Costa Rica 16:00 14 Jun 2014 - 18:00 Local time Group D Arena Amazonia Manaus England Italy 18:00 14 Jun 2014 - 22:00 Local time Group C Arena Pernambuco Recife Côte d'Ivoire Japan 22:00 Sunday 15 June