Costa Rica
Costa Rica History |
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Costa Rica History |
Costa Rica was inhabited by an estimated 25,000 Indians when Columbus explored it in 1502. Few of the Indians survived the Spanish conquest, which began in 1563. The region grew slowly and was administered as a Spanish province. Costa Rica achieved independence in 1821 but was absorbed for two years by Agustín de Iturbide in his Mexican empire. It became a republic in 1848. Except for the military dictatorship of Tomás Guardia from 1870 to 1882, Costa Rica has enjoyed one of the most democratic governments in Latin America. In the 1970s, rising oil prices, falling international commodity prices, and inflation hurt the economy. Efforts have since been made to reduce reliance on coffee, banana, and beef exports. Tourism is now a major business. Oscar Arias Sanchez, who became president in 1986, was awarded the Nobel Peace Prize in 1987 for his role in negotiating settlements to both the Nicaraguan and the Salvadoran civil wars. José Maria Figueres Olsen of the National Liberation Party became president in 1994. He opposed economic suggestions made by the International Monetary Fund, instead favoring greater government intervention in the economy. The World Bank subsequently withheld $100 million of financing. In 1998, Miguel Angel Rodríguez of the Social Christian Unity Party became president, pledging economic reforms, such as privatization. In 2000, Costa Rica and Nicaragua resolved a long-standing dispute over navigation of the San Juan River, which forms their border. A psychiatrist, Abel Pacheco, also of the Social Christian Unity Party, won the presidency in elections held in April 2002. In May 2003, several national strikes took place, by energy and telecommunications workers over privatization, and by teachers over their salaries. |
Origin of the name, Costa Rica | Spanish for rich coast. Named by Columbus who thought there was gold to be found there. |
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Costa Rica consists of seven provinces: |
Departments
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Spanish is the official language. | |
Costa Rica's basically stable economy depends on tourism, agriculture, and electronics exports. Poverty has been substantially reduced over the past 15 years, and a strong social safety net has been put into place.
The economy has been booming for Costa Rica because the Government had implemented a seven year plan of expansion in the high tech industry. They have tax exemptions for those who are willing to invest in the country. With their high level of educated residents, they make an attractive investing location. Several global high tech corporations have already started developing in the area exporting goods. |
Costa Rica Links |
CA - Costa Rica |
Nature in Costa Rica |
Source: Wikpedia the free Encyclopedia, InfoPlease.com, Government of Costa Rica
Kim and Don Greene, Contributors; publication date February 2005