The purpose of this paper is to evaluate aspects of current account sustainability and the appropriateness of the present level of the real exchange rate in Costa Rica. Costa Rica's current account balance has fluctuated widely in the 1990s and is expected to deteriorate again in the year 2000. The recent performance of domestic exports, the expected decline in FDI associated with the completion of major projects by computer giant Intel, and the desirability of strengthening the country's reserve position are among the factors which justify a closer analysis of recent trends and perspectives for external performance
Bibliography
Includes bibliographical references (pages 27-28)
Notes
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