Costa Rica Persuasive Essay

In the 16th century Costa Rica was first discovered by Spanish explorers. It wasn’t until 1563 in a place called Cartago that Costa Rica became a colony. It remained that way under spanish control for more than two and a half centuries. Reasons for why the Spanish didn’t take Costa Rica earlier is for a multitude of reasons such as mosquito infested swamps, trouble with the native people, the extreme heat, and many more things. In the year 1821 Costa Rica broke away from Spain and became its own nation. Costa Rica is located in Central America and is between Panama which is to the south. Then you have Nicaragua which is to the north of Costa Rica. The country also has water surrounding it from two sides also, the Pacific Ocean and the Caribbean

This contract allows multiple countries to trade easier. There are no tariffs, open market, and reduced barriers for all services. Did you know that the U.S is Costa Rica’s Top Trading partner? The U.S takes the credit for nearly half of all Costa Rican imports and exports. The U.S is also responsible for half of the tourism that helps generate Costa Rica’s economy. Lastly the U.S is over half of the country’s foreign direct investment. As you also know we do a lot of trading with Costa Rica. The U.S exports to Costa Rica, Agricultural products, plastics, semiconductors, oil, and machinery. We import from them, Coffee, pineapples, bananas, and medical instruments. By doing this both nations benefit. As of December 2015 Forbes ranks Costa Rica as the 52nd best country to do business within the world. They also ranked 133rd in investor protection, 42nd in corruption, 63rd in market performance, from which it had went down, and 67th in tax burden, from which it had went up.There are several threats to Costa Rica’s economy including, high energy costs, poor infrastructure, weaker investment protection, rising public debt, plus poverty remains in the country anywhere from 20 to 25% yearly. The poverty rate has stayed the same for the past twenty