Case study: Building a cluster: Electronics and Information Technology in Costa Rica

Q1: The precedent why President Figueres brace concluded that it was required for costa Rica to develop a unused economic system promote spunky- engineering science clusters costa Rica was a primordial the Statesn sphere and its primary delivery was based on agriculture, textiles, and tourism. The reason for the new government brought a new economic breeding is because at that time, Costa Rica faced some threats and also they have some unique competition advantages, which as the President say : We inevitable a national strategy that moved beyond dirt cheap labor and exploiting our natural resources. We wanted to argue based on productivity, efficiency, and technology. President Figueres also acknowledge that Latin American and global economy were rapidly changing, so he didnt want to miss the right issue being set about of the change. 1)Strength Costa Rica is located in Central America; pretty close to US. Best education system in Central Amer ica with the highest literacy rate. English was wide spoken. Computer and lucre users increased continuously. Government was focused on science and technology development. The soil enjoyed a political constancy with half(prenominal) a century of peace and democracy. 2)Weakness A country with provided 3.5 million inhabitants and a narrow domestic market.

Agriculture was Costa Ricas primary economy in early 1990s. whole when the agricultural sector, compared with early(a) domestic products in GDP structure, had timber by step diminished its economic importance. 3)Opportunities The Costa Rican economy already showed the sign! signs of sophisticated electronics exports and some software companies had been formed. numerous IT companies outsourced to Southeast Asia and right off these companies are searching for other potential manufacturing locations. 4)Threat There was high inflation rate in the first half of the 1990s. veneering the challenges of global competition. During the first half of 1990s the...If you want to produce a full essay, point it on our website: OrderCustomPaper.com

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