Income Inequality Rises in Costa Rica

Income inequality is on the rise in Costa Rica.  Despite the fact that Costa Rica has been very successful over the years in lifting the standard of living of the population it has recently seen an increase in income inequality .  The decisions made by leaders after the 1948 revolutio
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The Costa Rica Economy

The Costa Rican Economy – Where is it headed ?

The President of Costa Rica Luis Guillermo Solis Rivera was elected in May of 2014 with 77.99% of the electoral vote.   He was elected to the Presidency as the candidate for the Citizens Action Party (Partido Acción Ciudadana – PAC) which is the first time this political party h
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Milk Production and Distribution in Costa Rica

Those of us that live in Costa Rica at one point or another have consumed dairy products produced by Dos Pnos.  However, many of you probably do not know that Dos Pinos is a member driven farm cooperative.  The actual name is Cooperativa de Productores de Leche R.L. and it w
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Costa Rica Credit Card Debt

The Costa Rican Ministry of Economy and Commerce recently completed a study about the use of Credit Cards in Costa Rica.   According to the study the amount of credit card debt in Costa Rica is 800 billion Colones which is $1.48 billion dollars.  This is an increase of
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The Deterioration of Public Finances in Costa Rica

The Deterioration of Public Finances in Costa Rica The Minister of the Treasury of Costa Rica has recently established a national dialog with a series of presentations regarding the fiscal problems facing Costa Rica and how to consolidate a plan to turn that around. The public finance
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Costa Rica Government Finances on Life Support

Both the World Bank and the International Monetary Fund have urged Costa Rica to modify its macroeconomic policy to fight growing unemployment and to stimulate production.   The unemployment rate in Costa Rica has been rising and is currently estimated at around 10.4%. When the U
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The Costa Rica Labor and Employment Market

    Costa Rica Labor and Employment Information Costa Rica Labor and Employment   The following graph shows the unemployment and under employment rate for Costa Rica for selected years.     YEAR Unemployment Rate Under Employment Rate       2005
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Inflation in Costa Rica

    inflationcostarica Inflation in Costa Rica   Costa Rica has tried in the past years to keep the rate of inflation below 5%. The chart below tracks the monthly rate from 2003 to March of 2012   To put inflation in perspective the following graph compares the inf
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Costa Rica Speculative Capital and Currency Controls

    Costa Rica Speculative Capital and Currency Controls   In the case of Costa Rica a strong local currency is hurting the productivity of the country. The Costa Rican currency the “Colon” is pegged to the U.S. Dollar by way of a managed float whose goal is
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