The source of sustainable growth in Costa Rica

Kaoru Nabeshima, Ito Tadashi, Kiyoyasu Tanaka, Mila Kashcheeva, Bullon David and Sanchez Natalia

No 500, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: Costa Rica has some concerns for the "middle income trap" stemming from her perceived weakening export competitiveness, intensifying competition in attracting FDI inflow; and apparent lack of innovation capabilities. Quantitative analyses on the impact of recent FTAs suggest only large firms benefit from FTAs suggesting the need for improving utilization by smaller firms. Continuing attraction of potential MNCs backed by human capital development is necessary. In pursuing its development goals, Costa Rica should be mindful of its reputation as an environmentally friendly place.

Keywords: Costa Rica; International trade; Exports; International economic integration; Economic growth; Foreign investments; Middle income trap; FTA; Innovation (search for similar items in EconPapers)
JEL-codes: F15 F21 O31 O54 (search for similar items in EconPapers)
Date: 2015-03-01
New Economics Papers: this item is included in nep-int
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Published in IDE Discussion Paper = IDE Discussion Paper, No. 500. 2015-03-01

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