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Costa Rica Places Second In
Openess to Foreign Trade
This year, Costa Rica places
second in Latin America in
relation to the opening of the
economy to foreign trade,
according to the Latin American
Globalization Index of the U.S.
Latin Business Chronicle.
This year Panama repeated in the
first position of the Index,
Costa Rica moved from third to
second, and Nicaragua from sixth
to third.
Brazil, which was fourteenth in
2005, is now at the bottom of
the Index in the nineteenth
slot.
The study analyzes the impact of
six factors in the Gross
Domestic Product, namely
exports, imports, direct foreign
investment, receptive tourism,
remittances from abroad, and
Internet penetration.
The Latin American Globalization
Index is a relative measure of
the extent of globalization of
17 Latin American countries,
based on six key indicators. It
was first published in October
2005 by the Latin Business
Chronicle.
The measures of globalization
used to compile the index are:
* exports of goods and services
as a percent of GDP
* imports of goods and services
as a percent of GDP
* foreign direct investment as a
percent of GDP
* tourism receipts as a percent
of GDP
* remittances as a percent of
GDP
* Internet penetration
According to the latest index,
Panama is the most globalized
country in the region, followed
by the Dominican Republic, while
Argentina is the least
globalized, followed by Peru.
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