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Agricultural and Trade Development in Latin America (Costa Rica)

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Agricultural and Trade Development in Latin America (Costa Rica)
Committee: Economical and Financial Committee
Topic: Agricultural and Trade Development
Country: The Republic of Costa Rica
Delegate: Gabriela Zapata Iglesias, Notre Dame School (Dominican Republic)

Costa Rica has an important percentage of its human resources dedicated to agriculture. Its main cash crops are bananas, coffee, and sugar. Twenty percent of the Costa Rican populations work in the agricultural sector. Despite the fact that agriculture is still important to the economy, it no longer plays a major role in Costa Rica's finances. In 1992, agricultural exports totaled 46 percent of all money earned through exports. Today, they total only about 24 percent. The statement that all countries should be self-sufficient in their agricultural production is a very truthful one. Costa Rica has been able to produce its own products that will suffice the general population of the country, and at the same time they produce cash crops for exportation.

Global trade has also had its many important impacts in the systems of a country. If trade isn’t regulated and there isn’t a balance as to where the profits are allocated globally to reach equity, this can turn out to be disastrous for the progress of a country. Any country around the world will be affected if there aren’t some trade barriers to control trade and development. Costa Rica’s participation in trade has increased a lot during the last decade. After reforming the economy and industrializing the country, exports coming from the industrial sector of the country greatly increased. Costa Rica is very eager to form part of this new trend of Globalization, and has made many efforts to be part of more agreements that have to do with free trade.

One of the main concerns of Costa Rica is that the great amount of agricultural practices around the world can seriously affect the environment of the planet. All those increased activities and over usage of the land will one day have serious consequences in the

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