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UNU-WIDER Country Role Models for Development Success: The Case of Costa Rica

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Country Role Models for Development Success: The Case of Costa Rica

In this paper, I discuss the reasons for Costa Rica’s economic performance over the last quarter of a century. Three complementary sets of policies (investments in human capital, careful stabilization, and an intelligent and aggressive integration into the world economy) explain the successful trends, and can be thought of—at least in hindsight—as a development strategy. While fruitful, this strategy has been incomplete, as there have been less results in other policy areas, including income distribution, infrastructure, adequate taxation and telecoms. These omissions result from the weakness of the political system to deliver decisions and implement chosen policies. Despite these problems, Costa Rica’s case is interesting and worthy of study from the perspective of other small, developing countries.
Publisher:
UNU-WIDER
Series:
WIDER Research Paper
Volume:
2009/54
Title:
Country Role Models for Development Success: The Case of Costa Rica
Authors:
Alberto Trejos
Publication date:
November 2009
ISSN Web:
1810-2611
ISBN 13 Web:
9789292302337
Copyright holder:
© UNU-WIDER
Copyright year:
2009
Keywords:
economic growth, economic development, economywide country studies, economic planning and policy
JEL:
O1, O2, O4, O5
Project:
Country Role Models for Development Success
Sponsor:
UNU-WIDER gratefully acknowledges the financial contributions to the project by the Finnish Ministry for Foreign Affairs, and the financial contributions to the research programme by the governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Finnish Ministry for Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida) and the United Kingdom (Department for International Development).
Format:
online

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