managerial economics - costa rica and united states comparison

10
COSTA RICA VS. UNITED STATES Kymberly Baldwin & Megan McDaniel 1993-2013

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Page 1: Managerial Economics - Costa Rica and United States Comparison

COSTA RICA VS.

UNITED STATESKymberly Baldwin & Megan McDaniel

1993-2013

Page 2: Managerial Economics - Costa Rica and United States Comparison

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

Page 3: Managerial Economics - Costa Rica and United States Comparison

BREAK-DOWN OF GDPGDP = C + I + G + NX

C – 75%

I – 21%

G – 8%

NX – (4%)

C – 71%

I – 11%

G – 21%

NX – (3%)

Page 4: Managerial Economics - Costa Rica and United States Comparison

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

Page 5: Managerial Economics - Costa Rica and United States Comparison

Costa Rica (Import) United States (Import)

Page 6: Managerial Economics - Costa Rica and United States Comparison

Costa Rica (Export) United States (Export)

Page 7: Managerial Economics - Costa Rica and United States Comparison

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%

Page 8: Managerial Economics - Costa Rica and United States Comparison

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

Page 9: Managerial Economics - Costa Rica and United States Comparison

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

Page 10: Managerial Economics - Costa Rica and United States Comparison

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.