Description: Costa Rica's Development : From Good to Better

Costa Rica's Development : From Good to Better

Costa Rica stands out for being among the most politically stable, progressive, prosperous, and environmentally conscious nations in the Latin America and the Caribbean region. Its development model has brought important economic, social, and environmental dividends, with sustained growth, upward mo...

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Bibliographic Details
Main Authors:	Oviedo, Ana Maria, Sanchez, Susana M., Lindert, Kathy A., Lopez, J. Humberto
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	TARIFFS ECONOMIC INCENTIVES UNEMPLOYMENT RATES GOVERNMENT EXPENDITURES ECONOMIC GROWTH ENVIRONMENTAL DEGRADATION CARBON DIOXIDE FOSSIL FUELS WASTE MANAGEMENT DISPOSABLE INCOME CARBON INCOME AGRICULTURAL PRODUCTION EXPECTATIONS MARGINAL COST PRODUCERS RESOURCE MANAGEMENT PROPERTY RIGHTS EXCHANGE TIMBER RESOURCE ALLOCATION LABOR FORCE EMISSIONS POLITICAL ECONOMY REVENUES ENVIRONMENTAL ISSUES ENVIRONMENTAL REGULATIONS INCENTIVES CARBON DIOXIDE EMISSIONS MODELS REAL WAGES SUSTAINABLE DEVELOPMENT FREE TRADE AUDITS CENTRAL BANK ECONOMIC ACTIVITY DEVELOPMENT PRESENT VALUE COST EFFECTIVENESS FISCAL POLICIES EXPLOITATION OIL PRICES TOTAL FACTOR PRODUCTIVITY CONSUMER SURPLUS LABOR COSTS AIR POLLUTION OIL TRADEOFFS TELECOMMUNICATIONS IMPORT QUOTAS LABOR PRODUCTIVITY OPTIONS PRODUCTIVITY EXTERNALITIES POLLUTION LEVELS QUOTAS DEBT POLLUTION FORESTRY BENEFIT ANALYSIS DIVIDENDS POLICY DECISIONS URBAN AIR POLLUTION NATURAL RESOURCES GROSS DOMESTIC PRODUCT METALS SUBSIDIES EFFICIENCY FISHING CARBON EMISSIONS TAXES LAND USE RESOURCES UNEMPLOYMENT ENERGY CONSUMPTION DEMOGRAPHIC TRANSITION EQUITY CONSUMPTION PRODUCTIVITY GROWTH TECHNOLOGICAL CHANGE ECONOMIC IMPACT ENVIRONMENTAL CONSERVATION WAGES CLIMATE CHANGE MARKET PRICES CREDIT QUALITY STANDARDS PURCHASING POWER DEFORESTATION CPI DEMAND NATIONAL INCOME SUSTAINABLE GROWTH AGGREGATE DEMAND PUBLIC EXPENDITURES PRICE CHANGES EXPENDITURES PUBLIC GOVERNANCE PROPERTY DECISION MAKING OPPORTUNITY COSTS TRANSACTION COSTS ENVIRONMENT ECONOMICS TAX REVENUE ENERGY EFFICIENCY ECONOMIC DEVELOPMENT TRADE GDP LAND DRINKING WATER INVESTMENT CONSUMPTION PATTERNS COMPARATIVE ADVANTAGE AGRICULTURAL SUBSIDIES WATER POLLUTION REVENUE HIGH UNEMPLOYMENT RISK MANAGEMENT CONSUMER PRICE INDEX ECONOMISTS TAX REFORM ENVIRONMENTAL COST SAVINGS LABOR MARKETS RAINFALL VARIABILITY WETLANDS PRICES PRODUCTION COSTS ECONOMIES DEVELOPMENT POLICY PUBLIC GOODS ENVIRONMENTAL POLICIES foreign direct investment high-tech exports inequality infrastructure labor markets poverty social protection tourism FDI
Online Access:	http://documents.worldbank.org/curated/en/2015/06/24650468 http://hdl.handle.net/10986/22023

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Summary:	Costa Rica stands out for being among the most politically stable, progressive, prosperous, and environmentally conscious nations in the Latin America and the Caribbean region. Its development model has brought important economic, social, and environmental dividends, with sustained growth, upward mobility for a large share of the population, important gains in social indicators, and significant achievements in reforestation and conservation. However, there are a number of development challenges that need to be addressed to maintain the country’s successful development path. This Systematic Country Diagnostic takes stock of the poverty, inequality, and growth trends, addressing the following questions: To what extent has the Costa Rican development model been inclusive? What has driven growth in Costa Rica in recent years, and what are the bottlenecks that need to be addressed? How sustainable is the development model of Costa Rica economically, socially, and environmentally?

Costa Rica's Development : From Good to Better

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