| Costa Rica Five Years After Cafta-Dr: Assessing Early Results Contributor(s): Koehler-Geib (Editor), Sanchez, Susana M. (Editor) |
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ISBN: 1464805687 ISBN-13: 9781464805684 Publisher: World Bank Publications OUR PRICE: $34.65 Product Type: Paperback Published: June 2015 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economic Conditions - Business & Economics | International - Economics - Business & Economics | Development - Economic Development |
| Dewey: 330.972 |
| LCCN: 2015011830 |
| Physical Information: 0.3" H x 7" W x 10" (0.57 lbs) 140 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: For Costa Rica, the Dominican Republic-Central America free trade agreement (CAFTA-DR) has been more than a trade agreement. Costa Rica has used trade liberalization and promotion of international trade as a core development strategy for decades. CAFTA-DR consolidated benefits that had previously been unilaterally extended under the Caribbean Basin Initiative into a multilateral free trade agreement, providing a more stable environment for trade relationships. Beyond just being a trade agreement, CAFTA-DR opened up state monopolies in telecommunications and insurance, which polarized the country. No other trade agreement has generated as much controversy about the potential impacts on the economy. Following a referendum, with a small margin in favor of the agreement, Costa Rica was the last member country to ratify CAFTA-DR in 2009. Given the controversy at the time, Costa Rica Five Years after CAFTA-DR: Assessing Early Results takes stock of the early impacts of CAFTA-DR during the five years since its ratification, addressing the following questions: - What actual changes did the agreement bring about, and what was their context? - What was the impact of those changes on trade and foreign direct investment flows? - How have the high-tech, insurance, telecommunications, and pharmaceutical sectors been impacted? |