The Economic Crisis of Costa Rica: 1980s to present

Running Head : THE ECONOMIC CRISIS OF COSTA RICA

The Economic Crisis of Costa Rica (Your name (Your school

Introduction

For the period of three decades preceding the 1980s , Costa Rica had growth and development policies that fashioned a living standard of its kind and the most pleasing in Latin and Central America . On the other hand the economic crisis in the wake of 1980 and the foreign debt problem forced the country 's economic and political leadership to review the previous development criteria and substituted it with the introduction of economic

policies that were to a larger extend neo-liberal

Policies Relations

This economic policy changes in 1980 gained the favor and support of the US through its international development agency-USAID , the IMF plus the World Bank . The laying open the international market , the social sectors that were affected adversely included the undersized self regulated basic grain producers and those agricultural commodities chiefly meant for the interior market . For the most part prior to the economic crisis in the 1980s the peasant sector was mostly disorganized thus an intensive governmental effort was needed in response to the direct depressing bang of this new economic policy . This is a research examination of the economic crisis that Costa Rica sunk into during the 1980s in addition to the structural and adjustment programs that were implemented in the proceeding years to ease the crisis and stabilize the economy as definition of the new development efforts and direction taken in the 1990s . A thorough investigation...