Costa Rica: Third stage of neoliberal strategy. Contradictions and challenges (2005-2010)

 

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Autor: Vargas Solis, Luis Paulino
Format: artículo original
Estat:Versión publicada
Data de publicació:2011
Descripció:When Intel started its production process in Costa Rica in 1998, at the same time the neoliberal strategy entered in a new phase. From 1985 to 1997 it was the “light exportation phase”. After 1998 it was the time for high technology corporations and transnational hotel chains to take a part of that scenario. However, in 2005 a third phase started, a phase that was characterized by the dominance of capital flows, mostly short term capitals. That capital did not just only lead the evolution of the economy, but also provoked the real value of the rate colon-dollar to rise consistently trough the period that started in 2005. All of this brought new contradictions, unknown for the neoliberal strategy, mostly because it implied to harm the economical structure based on exportation and tourist activities. Moreover, it suggested that Costa Rica had fully entered in financial globalization, and this implied a very serious risk in terms of both, the damage to that economical structure, and the point of view of the instability that it carried.
Pais:Portal de Revistas UNED
Institution:Universidad Estatal a Distancia
Repositorio:Portal de Revistas UNED
Idioma:Español
OAI Identifier:oai:revistas.investiga.uned.ac.cr:article/144
Accés en línia:https://revistas.uned.ac.cr/index.php/rupturas/article/view/144
Access Level:acceso abierto
Paraula clau:Neoliberalism
exchange policy
neoliberal model
globalization
speculative capital
economic crisis
competitiveness.
Neoliberalismo
política cambiaria
modelo neoliberal
globalización
capital especulativo
crisis económica
competitividad.