Government: Costa Rica is a free, democratic
and independent republic.
The government is comprised of three branches,
with checks and balances. The branches are: Legislative (Unicameral),
Executive (President and 2 Vice Presidents) and Judicial.
The presidential term is 4 years and re-election
is prohibited. In addition to the above, a fourth branch of power
is exercised during the electoral process.
Elected in 2006, the current President of Costa
Rica is Oscar Arias Sanchez.
In 1949, the Costa Rican Constitution abolished
a standing army. |
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Economy: Economic development in Cost
Rica is among the highest in the Western Hemisphere.
An agricultural country, its principal exports
are coffee, bananas, cocoa, sugar, lumber and wood products and
beef.
Other industries-such as cigarette production,
textiles, soap, leather and rubber products, plastics, cosmetics
and biotech-are also developing.
The government is actively attracting foreign
investments that are beneficial to both the investor and the country.
Recently, tourism became the country’s largest
source of income. |
