Costa Rica faces strain from world trade woes

For years, Costa Rica has been a Latin American success story. The country’s democratic institutions and attention to good governance have enabled its resource-poor economy to thrive in a dangerous part of the world.

For now, though, Costa Rica, as a small open economy, will face continued strains stemming from the stagnation in world trade, reduced flows of foreign direct investment and an increasingly inward-focused U.S., its largest trade partner.

Source: World Politics Review