Costa Rica is very strong in regards to trade and global interdependence. Because of its many resources and amenities throughout the country, it has been quite successful in its economic partnerships and expenditures. Some of the most popular resources it has to offer include coffee, bananas, pineapples, and microchips. More than forty percent of Costa Rica’s exports are sent to the United States and the remaining percentage is split among countries like China, the Netherlands, and Germany. One of the most valuable partnerships that Costa Rica has with another country is with the United States. Just as Costa Rica exports about forty percent of its goods to America, they import about the same amount-just for products like wheat and other things that the environment hinders from growing.
In the late 1990s, when technology was greatly expanding and gaining an importance in the world, the United States built a large microprocessor semiconductor assembly and testing facility in Costa Rica. This created a multitude of jobs and benefited both countries’ productivity and economies. The interdependence is evident between the two countries; the corporation needed the people to uphold and maintain the facility, while the country needed an increase in employment and just money in general. Another aspect that adds to the country’s interdependence is the tourism within the country. Because the land is lavish and well-kept, Costa Rica draws a lot of tourism and vacation getaways, most of them being from the United States. By providing Americans a vacation spot, many Ticos have employment and the country has a steady economy. America is one of many countries that Costa Rica shares partnerships and economic interdependence with; and because of the great diversity within the countries, each economy is able to benefit and even flourish.
Sources
(n.d.). Retrieved from http://www.britannica.com/EBchecked/topic/139528/Costa-Rica/40882/Resources-and-power
(n.d.). Retrieved from https://www.cia.gov/library/publications/the-world-factbook/geos/cs.html
(n.d.). Retrieved from http://www.heritage.org/index/Country/costarica
In the late 1990s, when technology was greatly expanding and gaining an importance in the world, the United States built a large microprocessor semiconductor assembly and testing facility in Costa Rica. This created a multitude of jobs and benefited both countries’ productivity and economies. The interdependence is evident between the two countries; the corporation needed the people to uphold and maintain the facility, while the country needed an increase in employment and just money in general. Another aspect that adds to the country’s interdependence is the tourism within the country. Because the land is lavish and well-kept, Costa Rica draws a lot of tourism and vacation getaways, most of them being from the United States. By providing Americans a vacation spot, many Ticos have employment and the country has a steady economy. America is one of many countries that Costa Rica shares partnerships and economic interdependence with; and because of the great diversity within the countries, each economy is able to benefit and even flourish.
Sources
(n.d.). Retrieved from http://www.britannica.com/EBchecked/topic/139528/Costa-Rica/40882/Resources-and-power
(n.d.). Retrieved from https://www.cia.gov/library/publications/the-world-factbook/geos/cs.html
(n.d.). Retrieved from http://www.heritage.org/index/Country/costarica
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