Costa Rica: Third stage of neoliberal strategy. Contradictions and challenges (2005-2010)
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| Author: | |
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| Format: | artículo original |
| Status: | Versión publicada |
| Publication Date: | 2011 |
| Description: | 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. |
| Country: | Portal de Revistas UNED |
| Institution: | Universidad Estatal a Distancia |
| Repositorio: | Portal de Revistas UNED |
| Language: | Español |
| OAI Identifier: | oai:revistas.investiga.uned.ac.cr:article/144 |
| Online Access: | https://revistas.uned.ac.cr/index.php/rupturas/article/view/144 |
| Keyword: | Neoliberalism exchange policy neoliberal model globalization speculative capital economic crisis competitiveness. Neoliberalismo política cambiaria modelo neoliberal globalización capital especulativo crisis económica competitividad. |