Nobody downloaded yet

The political economies of Panama and Costa Rica - Research Paper Example

Comments (1) Cite this document
The comparative analysis will explicate their economies in the last three decades and identify the factors which aided them to sustain amid global economic recession. The first part will detail the basic information of two countries leading and progressing into comparative discussion…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.1% of users find it useful
The political economies of Panama and Costa Rica
Read TextPreview

Extract of sample "The political economies of Panama and Costa Rica"

Download file to see previous pages Costa Rica & Panama: Basics
Costa Rica has an estimated population of 4.6 million as of July 2011 and a growth rate of 1.3% (IndexMundi, 2012). Sixty-four percent of this population is residing in urban centers of which about 94% are white, 3% black, 1% Amerindian, and 1% Chinese (IndexMundi, 2012). Their language is Spanish and the nation has high literacy rate of 94.9% (IndexMundi, 2012). The country allocated 6.3% and 10.5% in health from its GDP in 2009. The nation is located in the border of Caribbean Sea and the North Pacific Ocean. It is adjacent to Panama. Its rich geographic area is blessed with mineral, petroleum, hydropower and commercial resources (IndexMundi, 2012).
Panama, on the other hand, has a population of 3.5 million and with a growth rate of 1.5% (IndexMundi, 2012). It has a 0.4 migration per a thousand of populace based and 75% of its people are residing in urban communities (IndexMundi, 2012). Panama has bilingual language: English and Spanish with predominant Roman Catholic religion. The country has allocated about 3.8% of its GDP for education and around 8.3% for health. Panama likewise is blessed with copper. Mahogany forests, hydropower and good shrimp culture among many other natural resources of commercial values. Costa Rica’s Pol-Economy Clare, Seanz and Trejos (2002) pointed that there are empirical evidences showing the decline of Costa Rica’s income per capita in the last decade albeit good economic standing in economic input. Clare et al. (2002) opined that the situation seemed amazing because the 80s to the 90s was the period when the country is undertaking serious reform in trading and fiscal performance. Researcher attributed this mediocre 0.7% annual growth rate of income per capita to influential factors of development: demographic changes (Clare et al., 2002). The latter meant an increasing figure of labor productivity in industrial and agricultural sectors. Economists posit that such increase in participation in production, particularly women and immigrants from Nicaragua. While increased number of labor forces meant growth of income, however, economic activity is slowed by poor labor productivity. Labor productivity has only reached a poor rate of 1.57% in Costa Rica compared to 3-4% labor productivity in East Asian countries (Clare et al., 2002). Using growth accounting, researchers pointed that slow labor productivity growth is reflected in slight negative growth rate of total factor productivity (Clare et al., 2002). This finding is bit odd because the in the last four decades, multitude of technological advancements are poured in this country to support the labor forces in production. Further study using sectoral analysis was in fact utilized to determine whether slow growth of productivity is a universal phenomenon or merely underplayed by a particular sector. Oddly, Clare et al. (2002) found that the industrial and agricultural sectors continued to attain high rates labor growth productivity and TFP while the service sector stagnates in the production. Researchers opined that it’s ironic for the service sector to have decreasing production output noting that it’s absorbing a large share of resources. As a matter of fact, the service sector of Costa Rica has been allocated with budget higher than that of Brazil and Chile (Clare et al. 2002). Economists assumed that the service sector have difficulties in capturing its market. In a disaggregate ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The political economies of Panama and Costa Rica Research Paper”, n.d.)
Retrieved from
(The Political Economies of Panama and Costa Rica Research Paper)
“The Political Economies of Panama and Costa Rica Research Paper”, n.d.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
kiarra24 added comment 9 months ago
Student rated this paper as
I never thought 2500 words essay could be written in such a free manner. I loved the background of this essay. Will definitely use it for my own work!

CHECK THESE SAMPLES OF The political economies of Panama and Costa Rica

The government of Costa Rica

...). Costa Rica’s political culture is described by Dabene as a culture of compromise and avoidance of confrontation, which is primarily shaped by the style of relationship between the ‘patrons’ and employees, existing in the countryside, since the former needed labor for production and the latter – extra money; this manner had been transferred to the national politics where Partido Liberacion Nacional (the National Liberation Party or PLN), is thought to have taken the place of the traditional ‘patron’, functioning as a broker between the national political system and the small communities (4). Thus, the Costa Rica’s...
13 Pages(3250 words)Research Paper

A new tourist market, Costa Rica see variety of animals and explore their way through the beautiful landscape. They also engage in brisk economic activities such as buying of food, artifacts, craftworks and other items that leave lasting memories with them. As long as the promotion of international understanding, peace, prosperity and universal respect for, and observance of, human rights is concerned, Manuel Antonio National Park stands out tall. Costa Rica as a country is surrounded my many cities and countries, not far away from Manuel Antonio National Park. This makes the park a preferred choice for internationals who want to spend their vacations outside their homeland. For most tourists living in Nicaragua and...
4 Pages(1000 words)Research Paper

Costa Rica Health Care System

...for a serious need to revamp the country’s ailing public health system, better known as the Caja (Leff, 2011). Social and economic problems are to blame for much of the problems in Costa Rica’s health sector. For example, a 15 days strike was called off after an agreement between the anesthesiologists at medical centers with the Social Security Fund in December 2011 (Business Monitor International, 14). The strike was a representation of social problems as the medical practitioners had to strike due to poor working conditions in the country. In addition, political reasons have contributed to the impasse in the health sector, as the government moved in to cut the healthcare benefits from...
4 Pages(1000 words)Research Paper

Costa Rica and Cambodia

...? Costa Rica and Cambodia Introduction Cambodia Cambodia is a country located in the southern portion of the indo- china peninsular in the Southeast Asia. Initially, it was known as the kingdom of Cambodia. Cambodia has got the population of approximately thirteen million, four hundred thousand people. Cambodia has got the history of instability because of war that was experienced in the country for the long time. It also experienced long periods of political instability. Currently, the country has made the great developments and is now the state of peace decades of war and internal political instability, the country has made great strides and is now undergoing the period...
8 Pages(2000 words)Research Paper

Evironmental Problems Facing Costa Rica

...Environmental Problems Facing Costa Rica Table of Content Topic Page No. Introduction 02 Ecological System 02 Impact of Pesticides 04 Food Cycle 04 Remedy 06 Conclusion 08 Appendix 09 1.0 Introduction Costa Rica, with over a quarter of its territory filled with a network of national parks and reserves, an indication of its continued dedication to environmental protection. However there has been some serious concern. Decades of unplanned population growth and urbanization turned Rio Grande de Tarcoles into one of the most polluted regions, with untreated waste water and garbage being dumped directly into...
8 Pages(2000 words)Essay

Feasibility of a Resort in Costa Rica

...Feasibility of a Resort in Costa Rica Introduction Over the last few years Costa Rica has become one of the most attractive tourist destinations in Central and Latin America. It offers sports, fishing, diving, surfing, bird watching, canopies, nature treks and more (Costa Rica Tourism, 2008a). Due to its bio diversity it is considered an ideal spot for naturalists, eco tourists and any one who loves nature. Although a relatively new trend in travel, ecotourism is the fastest growing sector of the tourism industry - the world's largest service industry - with an average annual growth rate of 20 to 30 percent (Egan, 2001). In recent...
3 Pages(750 words)Research Proposal

Risk Analysis(Costa Rica) - international management

...that the company will regularly maintain its most current file stored on a back-up disc to avoid possible major damages caused by technology imperfection. Physical Environment Risks Costa Rica, located in Central America which borders the Caribbean Sea and the North Pacific Ocean between Nicaragua and Panama, is prone to natural hazards including occasional earthquakes, hurricanes along the Atlantic coast, flooding, landslides, and active volcanoes. (Central Intelligence Agency) For this reason, there is a higher physical environmental risk that XYZ grocery store should consider in terms of physical damages to the store itself including the negative impact of natural calamaties over its...
4 Pages(1000 words)Essay

Identtifying a Nation's Possibilities. Costa Rica

...Arias Sanchez declared December 1 as the Military abolition day. Political Parties Costa Rica’s political parties are very ideological with nationalist, progressive, libertarian, socialist and leftist agendas. The leading parties include Citizen Action Party (PAC), Costa Rican Renovation Party (PRC), Democratic Force Party (PFD), General Union Party ( PUGEN), Homeland First (PP), Independent Worker Party (PIO), Libertarian Movement Party (PML), National Christian Alliance Party (ANC), National Integration Party (PIN), National Liberation Party (PLN), National Patriotic Party (PPN), National Restoration Party (PRN), National Union Party (PUN),...
3 Pages(750 words)Essay

Tourism in Costa Rica

...Running Head: TOURISM IN COSTA RICA Tourism in Costa Rica TOURISM IN COSTA RICA During the 1980s Costa Rica began to develop a global reputation as a tourist destination. It currently has more international visitors than its neighboring Central American countries, including Belize, El Salvador, Guatemala, Honduras, Nicaragua and Panama. Most visitors to Costa Rica come from North and Central America, with the majority coming from the United States (Liu, Siguaw & Enz, 2008, p. 259). The reason for Costa Rica’s popularity as a tourist destination is the nation’s beauty combined with its ecotourism facilities. The country is bordered on the east by the Caribbean Sea and on the southwest and west by the Pacific Ocean. In addition... began...
5 Pages(1250 words)Research Paper

Costa Rica Geography

...Costa Rica of Country: Costa Rica Country’s Flag: horizontal bands of blue, white, red, white and blue, with the country’s coat of arms on the red band at the center. Map of the country: Source: Name of the capital and population (primate city: bigger than 2+3): San Jose, 1.515 million in 2011 Population: 4,695,942 (based on a July 2013 estimate) Growth rate of population: 1.27% (based on a 2013 estimate) Population density (in km2): 92.79 Total fertility rate (vs USA): 1.91 children born for every woman Infant mortality rate (vs USA): 8.95 deaths for every 1,000 live births % Urban...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic The political economies of Panama and Costa Rica for FREE!

Contact Us