Until the late 1990s, Costa Rica exported coffee and bananas to developed countries and imported cars and
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Until the late 1990s, Costa Rica exported coffee and bananas to developed countries and imported cars and electronics, in return.
Since the late 1990s, Costa Rica has transitioned to become an exporter of integrated circuits and medical equipment, using Export-Oriented Industrialization (EOI). What specifically is the difference between EOI and the other two commonly used growth regimes - Import-substituting Industrialization (ISI) and the Washington Consensus?
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