Political and Economic Environment Comparison

Topics: North American Free Trade Agreement, Mexico, United States dollar Pages: 6 (2019 words) Published: March 29, 2012
Political and Economic Environment Comparison

Political and Economic Environment Comparison

The political and economic environments between Costa Rica and Mexico have similarities as well as differences. There are strong values and ethical views from both cultures that need to be compared and respected before there is complete understanding. The ability to understand each culture’s description and detailed information will determine how both cultures are able to understand each other and other surrounding cultures with similar views. The political views are discussed from both countries, Mexico and Costa Rica, and the economy is compared and contrasted to show overall cultural develop and growth. Political and Economic Environments of Costa Rica

Costa Rica is one of the fastest growing nations right now, it’s government is one that is known as one of the oldest democracies in Central America, often looked upon by other countries as a model of success when discussing Latin American governments. However unlike most of their neighbors, Costa Rica has not suffered through the usual dictatorships or civil wars since their current system was implemented in 1948. In Costa Rica Presidential elections take place every four years and the president is elected by popular vote just as the American vote. The rule of thumb is that the president is elected with at minimum 40 percent of the popular vote or a runoff election will need to be held to make the final decision. The judicial branch has the final say in terms of administering justice in Costa Rica, this branch of government is made up of the Supreme Court, appellate courts and trial courts. Costa Rica’s governing body includes 22 magistrates, which are selected by the legislative assembly that takes place every eight years. The current President of Costa Rica is Laura Chinchilla, although the current President is a woman, Costa Rica has been ran by very strong male leaders in the past, a few notable politicians in Costa Rica are: Óscar Arias Sánchez, who was also a Nobel Peace Prize winner (1987) and also the President of the Republic (1986–1990, 2006-current). Another past president of Costa Rica was Juan Primitivo Próspero Fernández Oreamuno from 1882 to 1885. He fought in the war of 1856-1857 against William Walker and participated in the military coup that overthrew Jesus Jimenez in 1870. Economic Factors of Costa Rica

Costa Rica like many other countries uses trade to level economy. Trade brings in the income and a variety of food and merchandise. Here are a few countries Costa Rica is in trades with. The United States, Netherlands, China (including the special region of Hong Kong, Japan, Venezuela, Mexico, and Brazil (2005) (Foley, 2008). A few other countries that Costa Rica has signed trade agreements with include, Canada, Chile, The Dominican Republic, Panama, and several Caribbean Community countries. The total value of exports is $2.9 billion (1996); partners with Germany, Italy, Guatemala, El Salvador, United Kingdom, Netherlands, and France. Total value of imports was at $3.4 billion in (1996); partners with the United States, Japan, Mexico, Guatemala. In 2000 trade was $6.1 billion. In 2009 there was a two-way trade between the United States and Costa Rica exceeding $9.6 billion. One major industry includes “The Intel Corporation,” which opened a chip-manufacturing plant in 1998. The garment assembly and tuna processing industries are important. The industrial production growth rate in 1992 was at 10.5%. Costa Rica use these main industries, food processing textiles, clothing, construction materials, fertilizers, and plastic products. Others include aluminum processing, a petrochemical plant at Moin, a tuna-processing plant at Golfito, and an oil refinery at Puerto Limon. According to the Infocostarica staff, tourism is another major industry. Some 400,000 foreign tourists spent United States $164 million in 1998. In 1992...
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