UNITED STATES, COSTA RICA, JAMAICA

The country that would increase its success and meet more of its economic goals, from trading with the United States, would be Jamaica. They are not doing as well as Costa Rica. Jamaica has an enormous amount of crime problems, gangs, and drug trading. Expanding trade with the U.S. would allow the country to expand and start to come out of the poverty and other issues they’ve been having. The balance of trade and efficiency, GDP and growth of the country would increase.

The United States would benefit the most by trading with Costa Rica. They are knowledgeable in technology and are big exporters in integrated circuits, medical equipment, bananas, pineapples, coffee, melons, sugar, textiles, electronic components, and medical equipment. It would also be easier to trade with Costa Rica because the United States is already apart of a free trade zone with them, the CAFTA. Tariffs are eliminated, it protects one country from the other, and each country has fair rules and regulations. The agreement allows for the countries to benefit and for their economies to grow.

High inflation would mean that the countries currency value decreases. None of these three countries are experiencing high inflation. If they were the country with the high inflation would lose trading partners, the other investor will seek some place else to purchase the same product at a lower cost.

The United States needs to be cautious when trading with Jamaica because of their crime and drug problems. In Costa Rica there are diseases such as malaria, dengue fever, hepatitis and harmful insects.

Overall, Costa Rica would be a better trading partner for the United States. They are working hard to become a developed country and not a third world country. The FTA the U.S. already has with Costa Rica is benefiting both countries and has no problems. Why stop something that is working well? It would increase growth, GPD, economic freedom index, and efficiency in both countries. Trading would allow both countries to gain products needed, the GDP would help raise the people's standard of living. With both economies expanding, overtime their relationship as trading partners will grow and hopefully will see more goals being reached.





Other sources not previously cited:
http://costa-rica-guide.com/travel/index.php?option=com_content&task=view&id=152&Itemid=98