Competitiveness Based on Low Production Costs or on High Specialization and Productivity: The Case of SMEs in Costa Rica

Justo Aguilar and Maikol Elizondo

Chapter 7 in High Technology, Productivity and Networks, 2008, pp 138-151 from Palgrave Macmillan

Abstract: Abstract The global economic recession that took place in the early 1980s affected Costa Rica’s growth conditions due to the disproportionate increment in the fossil fuels bill and the fragility of the exports level. The presence of socio-political conflicts in Guatemala, El Salvador and Nicaragua complicated the regional economy even more and all of this was reflected in low real Gross Domestic Product (GDP) growth rates and in the persistence of problems in external payments.

Keywords: Gross Domestic Product; Entrepreneurial Activity; Small Enterprise; Medium Enterprise; Inal Variable (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-58372-6_7

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DOI: 10.1057/9780230583726_7

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