Costa Rican Aid

Nan Wiegersma and Joseph E. Medley
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Nan Wiegersma: Fitchburg State College
Joseph E. Medley: University of Southern Maine

Chapter 7 in US Economic Development Policies towards the Pacific Rim, 2000, pp 115-132 from Palgrave Macmillan

Abstract: Abstract In many respects Costa Rica’s economic and cultural environment differs from those in East Asia. In addition, the world market environment has been severely restrictive in the years during Costa Rica’s emergence. The past twenty years, for example, have included the debt crisis of the 1980s and structural adjustments in the 1980s and 1990s. During this period, however, Costa Rica has resisted forces that have devastated many other Latin American countries. Costa Rican growth rates have been slower than growth rates of the Asian NICs, but they were higher than most Latin American countries. Costa Rica started at a higher level of development than the Asian NICs because of the social democratic institutions and policies maintained there since the 1950s. Growth rates increased in the late 1980sand early 1990s, before falling during the mid-1990s recession.

Keywords: Latin American Country; Debt Crisis; External Debt; Domestic Industry; Unused Land (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98386-7_7

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DOI: 10.1057/9780333983867_7

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