Comments on: Costa Rica’s trade deficit continues to grow https://insidecostarica.com/2014/10/22/costa-ricas-trade-deficit-continues-grow/ Costa Rica's Leading English Language News Source Tue, 28 Oct 2025 04:55:00 +0000 hourly 1 http://wordpress.org/?v=3.6.2 By: Ken Morrishttps://insidecostarica.com/2014/10/22/costa-ricas-trade-deficit-continues-grow/#comment-10140 Ken Morris Thu, 23 Oct 2014 01:09:00 +0000 http://insidecostarica.com/?p=16550#comment-10140 This has long struck me as one of the more important but often overlooked economic indicators, and in particular one glossed over by the fans of CAFTA. When the country imports more than it exports, which is a growing trend since CAFTA, the economic prognosis is grim.

Neither will attracting more FDI to create jobs (the usual wished for panacea) reverse this trend, as also won’t exporting more bananas, pineapples, or coffee. Of course, selling off more land to resorts or foreign retirees won’t help either. CR simply has to create more locally-owned value-added industries, yet I hardly ever hear anyone (except Franklin Chang) saying this.

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