Economic Relation Between China And Costa Rica

Introduction:
Why do I select this topic??

Why do I choose the relationship between Costa Rica and China as my topic? That is an easy question. I have a very strong connection to this two countries, I was born in Costa Rica, which is a country I love, and my parents are from China, which is a country I admire. A person will always love the country in which he or she were born, is justnatural. But to admire a country you need more special reasons. The fact that my parents both come from China has created a special bond between me and this country. I am familiar with the customs, the culture and even the language; I’m able to speak Cantonese, thanks to my parents, and Mandarin. Coming from a country in the west hemisphere I know how different and strange the culture in China may seemover there, but at the same time, having all this knowledge has just make me realize how amazing and interesting China is. I admire their thousands year culture, history but overall, how China has become one of the most important countries economically in such a short time, something that is worth noticing and that has great importance over the world. That is why I want to know more about therelationship about these two countries, the country from where I was born, and the country from where my origins come from.

The Body of the Paper:
Theory and Statistical Data/Analysis to Support your Arguments

Costa Rica’s Economy

Let’s start by explaining the economy of each country first, starting by Costa Rica. The economy of Costa Rica heavily depends on tourism, agriculture, andelectronics exports. In recent year’s ecotourism, pharmaceuticals, finance and the software industry have moved in. With a $1.92-billion-a-year tourism industry, Costa Rica stands as the most visited nation in the Central American region, with 1.9 million foreign visitors in 2007. Ecotourism is extremely popular with the many tourists visiting the extensive national parks and protected areas around thecountry. Costa Rica was a pioneer in this type of tourism and the country is recognized as one of the few with real ecotourism. The country has successfully attracted important investments by such companies as Intel Corporation, which employs nearly 3,500 people at its custom built $300 million microprocessor plant and in 2006 Intel's microprocessor facility alone was responsible for 20% of CostaRican exports and 4.9% of the country's GDP

The location of Costa Rica on the Central American Isthmus gives easy access to US, European and Asian markets. The Costa Rican economy has been growing in part because their government implemented a seven-year-plan to integrate into the high tech sector with tax exemptions and easy residency to investors. Comparatively high education levels make theCosta Rican population attractive for investors. High tech global corporations have moved in already like Intel (computer chips), pharmaceutical leader Glaxo Smith Kline and consumer general products limited Proctor and Gamble. Trading with S.E. Asia and Russia started getting active during 2004 and 2005, and China received an 18% of Costa Rican exports in 2005, a very important amount for thecountry, and bound to grow in 2007, Costa Rica also qualified for full Asia-Pacific Economic Cooperation Forum (A.P.E.C.) membership. Costa Rica has sought to widen its economic and trade ties, both within and outside the region. Costa Rica signed a bilateral trade agreement with Mexico in 1994, which was later amended to cover a wider range of products. Costa Rica joined other Central Americancountries, plus the Dominican Republic, in establishing a Trade and Investment Council with the United States in March 1998, and most recently Costa Rica signed the Free Trade Agreement with China in august 1, 2011

For the fiscal year 2007 the country showed a government deficit of 2.1%, internal revenue increased an 18%, exports increased a 12.8% and the number of visiting tourists increased a g...