The Economic Crisis of Costa Rica

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The Economic Crisis of Costa Rica

The Economic Crisis of Costa Rica

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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.