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OECD Reviews of Innovation Policy: Costa Rica 2017

image of OECD Reviews of Innovation Policy: Costa Rica 2017

Costa Rica’s successful economic performance and social achievements realised over the last three decades are widely acknowledged. GDP per capita has steadily increased at higher rates than in most Latin American countries as the economy has evolved along its development path from a rural and agriculture-based to a more diversified economy integrated in global value chains. But Costa Rica faces challenges and must enhance and broaden the basis for productivity growth by strengthening its innovation system and enhancing the role of science, technology and innovation in addressing its national development goals.

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Executive summary

Costa Rica’s successful economic performance and social achievements realised over the last decades are widely acknowledged. Gross domestic product per capita has steadily increased at higher rates than in most Latin American countries as Costa Rica has evolved from a rural and agriculture-based economy to one with a more diversified structure integrated into global value chains. The process of opening up to international trade and attracting foreign direct investments (FDI) that started in the early 1980s has contributed largely to this evolution, boosting exports and labour force utilisation.

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