managerial economics - costa rica and united states comparison
TRANSCRIPT
COSTA RICA VS.
UNITED STATESKymberly Baldwin & Megan McDaniel
1993-2013
PRESIDENTSBill Clinton Rafael Angel Calderon Fournier
George W. Bush
Miguel Angel Rodriguez
Abel Pacheco
Oscar Arias
Jose Maria Figueres Olsen
Barack Obama
Laura Chinchilla Miranda
United States Costa Rica
BREAK-DOWN OF GDPGDP = C + I + G + NX
C – 75%
I – 21%
G – 8%
NX – (4%)
C – 71%
I – 11%
G – 21%
NX – (3%)
GDP PER CAPITA
1993-2000 2001-2008 2009-20130
10000
20000
30000
40000
50000
60000
3518.3 4876.38051.6
30849.3
42659
48745.4
17183.8
23767.728398.5
Costa Rica United States Average
Costa Rica (Import) United States (Import)
Costa Rica (Export) United States (Export)
UNEMPLOYMENTCosta Rica Vs. United States
Free Trade AgreementGaming and Sports book industry
Outsourcing• Crime
• Nicaraguan workers
• Majority are low-paid
• Unemployment Insurance (Seguro de Desempleo)
Discrimination among…Teens and Adults over 40,
Women, Disabilities, Rural Communities, Immigrants,
Lower Education, Liberal Arts Degree
Costa Rica Average Unemployment = 6.03%United States Average Unemployment = 5.98%
INFLATION
Costa Rica United StatesAverage Inflation Rate per Year = 10.4% Average Inflation Rate per Year = 1.9%
The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical
care, transportation and household equipment.
19
18
11
9
8.6
7
4 1
Food & BeverageTransportationRentFurnatureResturant & HotelEntertainmentCommunicationAlcohol & Tabacco
31
20
14
10
65.5
ShelterCommoditiesFoodEnergyTransportationMedical
World Data Base of Happieness; Scale 1-10Average self-reported happiness
1st Costa Rica (8.5)20th The United States (7.4)
Happy life yearsAverage self-reported happiness with life expectancy
1st Costa Rica19th The United States
Happy Planet IndexHappiness and longevity but adjusts for environmental impact
1st Costa Rica114th The United States
Misery Index
C i t a t i o n s"Costa Rica - GDP - Real Growth Rate - Historical Data Graphs per Year." Costa Rica - GDP - Real Growth Rate - Historical Data Graphs per Year. Index Mundi, n.d. Web. 05 Mar. 2014.
"The World Factbook." Central Intelligence Agency. Central Intelligence Agency, n.d. Web. 04 Mar. 2014.
"WORLD TRADE ORGANIZATION." World Trade Organization. N.p., 01 May 1995. Web. 05 Mar. 2014.
"Costa Rica: Country Overview." Costa Rica: Country Overview. The World Bank Group, n.d. Web. 05 Mar. 2014.
"Background Notes: Costa Rica, 11/96." Background Notes: Costa Rica, 11/96. Bureau of Inter-American Affairs, n.d. Web. 06 Mar. 2014.
Veenhoven, R. (201?)Happiness in The NetherlandsWorld Database of Happiness, Erasmus University RotterdamAssessed on (date) at: http://worlddatabaseofhappiness.eur.nl/hap_nat/nat_fp.php?cntry=24&name=Netherlands&mode=3 The internet address of separate finding reports appears at the bottom of prints
Kristof, Nicholas. "The Happiest People." The New York Times. The New York Times, 06 Jan. 2010. Web. 20 Mar. 2014.
Amadeo, Kimberly. "Unemployment Rate." About.com US Economy. N.p., n.d. Web. 20 Mar. 2014.