Costa Rica And Its Effects On The Economy

1035 Words Jun 8th, 2016 5 Pages
Costa Rica was home to by an estimated four hundred thousand Indians when Columbus found it in 1502. The Spanish began their conquering of the country in 1524. The region grew very slow and was governed as a Spanish province. Costa Rica took their independence in 1821 but was engrossed for two years by the Mexican empire. It became a republic in 1848. It was ruled by the dictator Tomás Guardia from 1870 to 1882 with the help of his massive army. (Costa Rica, 2014) Since then, Costa Rica has enjoyed one of the most democratic governments in Latin America. In the 1970s the price of oil went up, international prices skyrocketed above the normal tier, and inflation hurt the fragile economy. Efforts have since been made to reduce the countries reliance on coffee, banana, and beef exports. Tourism is now one of the most lucrative markets in Costa Rica. With a Spanish speaking population of 4,814,144, Costa Rica 's stable economy, political stability, high living standards, and developed social systems set it apart from other countries in Central America. The Costa Rican government hasn’t shied away from investing in it’s population through social spending. Costa Rica has made incredible development toward accomplishing its goal of delivering widespread access to schooling, healthcare, clean water, trash disposal, and energy. (The World Fact Book, 2016) Since the 1970s, growth of these service industries has led to a speedy regression in infant death, longer life expectancy, and…

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